Believe me when I say developing effective wellbeing strategies can yield a boatload of benefits for both companies and their employees.
When you leverage company data, implement at-work health screenings, and incentivize healthy habits, you can effectively target the company’s most costly and prevalent health conditions while encouraging positive behavior changes.
Here I’ll explore four key strategies to optimize health programs and maximize return on investment, as supported by the findings of the Rand Wellness Program Study.
# 1 Use Company Data for Targeted Intervention:
To effectively target costly and prevalent health conditions, employers should leverage company data, including health claims and biometric reports.
By analyzing this information, you’ll be able to identify the top chronic conditions affecting your workforce.
Armed with these insights, you can tailor company health programs to address specific conditions and allocate resources accordingly, leading to a higher return on investment.
#2 Implement At-Work Health Screenings and Encourage Regular Checkups:
This may seem like a no-brainer, but work health screenings provide valuable opportunities for early detection and intervention.
Organizing company-wide screenings will enable you to identify potential health risks and encourage employees to seek regular primary care checkups.
Proactive monitoring enables prompt treatment and management of chronic conditions, helping to reduce healthcare costs and improve overall employee well-being.
#3 Promote and Model Healthy Habits:
To address behaviors that contribute to chronic conditions, employers should focus on promoting and modeling healthy habits within the workplace.
By offering educational resources, organizing workshops, and providing access to wellness programs, companies can empower employees to adopt healthier lifestyles.
Modeling healthy habits among leadership and management also encourages employees to follow suit, creating a culture of well-being throughout the organization.
#4 Reward Achievement of Health Goals:
To reinforce positive behavior changes, establish a system of incentives that reward employees for achieving their health goals.
This can range from financial rewards to recognition programs or additional benefits.
By linking rewards to the attainment of health objectives, employers create a motivating environment that encourages employees to actively participate in their own wellness journey.
Demonstrated ROI and Benefits:
This Rand Wellness Program Study analyzed a decade of wellness program data from a Fortune 100 company, revealing impressive outcomes.
By targeting chronic conditions and incentivizing healthy behaviors, the company achieved a whopping monthly savings of $136 per employee, along with a staggering 30% reduction in hospital stays and that was back in 2014! Not to mention that implementing daily lifestyle behavior changes resulted in an average cost savings of $6 per.
These figures, which do not account for other benefits such as reduced absenteeism and enhanced productivity, highlight the significant impact of targeted health programs.
To wrap things up…
Targeting the most costly and prevalent health conditions within the workforce requires a multi-faceted approach that combines data analysis, at-work health screenings, behavior modification, and incentives.
By investing in employee well-being and promoting healthy habits, employers can not only reduce healthcare costs but also foster a culture of health and productivity.
You’ll benefit from the positive impact on employee morale, job satisfaction, and overall organizational performance.
It’s clear that targeted health programs are a sound investment for companies who want to optimize their workforce’s well-being. Want to learn more?
To your health!
