Corporate Wellness Programs in a Down Economy
Posted in Winston Salem Tanning | By Tanning Salons |
Corporate Wellness Programs and Medical Care Costs
Corporate Wellness Programs are more important now than ever. A recent article in the Wall Street Journal, with the troubles in the economy it seems that the costs of business offered healthcare keep continuing to grow and it doesn’t seem like it is going to change. The article states that during the year 2008, U.S. organizations can expect to see an increase of 10% in healthcare costs.
This increase in healthcare costs is causing some small organizations to reduce their worker health benefits or get rid of them altogether.
Corporate Wellness Programs for Healthier Lifestyles
Corporate Wellness Programs do provide an option for small organizations. The corporations can provide discounted co-pays and deductibles to those workers that fully participate in the offered Corporate Wellness Program. Full participation means getting health screens, receiving a health risk assessment, and then working with their wellness coordinator to work towards a healthier lifestyle.
The healthier the workers, the lower the overall healthcare costs for the corporation. Just one lengthy hospital stay can almost deplete a small business’ healthcare budget.
Corporate Wellness Programs and Your Bottom Line
Corporate Wellness Programs provide many advantages to a organization’s bottom-line. Employer Health Promotion Program Statistics from Prudential Insurance show a benefit expense of $312 per person enrolled in a Employer Health Promotion Program compared to an expense of $574 per worker that wasn’t enrolled. Coors Brewing Company showed a positive side-effect of member absenteeism dropping by 18%, thus greater production and less healthcare costs overall.
