Corporate wellness is any workplace activity or organizational policy designed to support healthy behavior in the workplace and to improve health outcomes which in turn will reduce healthcare expenditures. Generally speaking, health promotion is defined as “the process of empowering people through process methods to increase control over, and to improve their health. Health promotion can be carried out in the workplace as well as many other settings.
Over the years, companies have tried a number of intervention management tactics to combat rising healthcare costs, including increased co-pays, higher deductibles, negotiated discounts and switching insurance providers altogether to find the best bargains. While this approach initially showed promise, over the course of time, it has failed to stabilize costs.
Data Analysis. You don’t have to be a statistician to accurately and effectively analyze high cost claims from departmental data. Most insurance companies can and will provide more than enough data to assess what areas cost your company the most money.
The principles of corporate wellness management encourage an approach to healthcare cost containment by focusing on employee lifestyle issues. This is accomplished by helping employees live healthier lifestyles and educating them on how to be wiser healthcare consumers. It’s not that hard. It has been reported that as much as 70 percent of the nation’s healthcare cost is lifestyle-related and preventable. Comprehensive corporate wellness programs are the cornerstone of this preventive approach and have proven in many studies to be very effective in reducing direct healthcare costs, improving employee productivity and significantly reducing indirect costs associated with absenteeism, presenteeism, disability and workers’ compensation.
Bottom line: if you want to reduce high cost claims and lower health care costs you must have healthier employees.