Wellness programs offer many benefits to companies that implement them. From stress management to improved overall health, employees who participate in these programs enjoy these advantages and more, including better productivity at work due to lower health-related issue or time off.
There has been a debate, however, on whether or not wellness programs can go so far as to save a company money or not. The answer? Yes, these programs absolutely can, and here’s how.
Customized Wellness Plans are the Key
When most employers think of a wellness plan, they may think of the traditional lifestyle-focused variety. These plans include exercise, diet management, and lifestyle changes. While these wellness programs do provide cost-saving benefits in the long term, the savings aren’t as remarkable as other types of plans.
How do you get the advantages of a wellness program AND save money in the long run? The key is to create customized wellness plans, also known as disease management programs. These plans work differently than generic lifestyle plans. They’re specifically customized to prevent at-risk employees from developing bad health and they also help chronically ill employees manage their symptoms.
Consistency is key here. Health improvements simply aren’t going to be impactful if the company or employee only commits to a fitness program once a week.
Bring on the Numbers
When you compare them to traditional lifestyle-focused wellness plans, disease management plans save companies significantly more money. In an eye-opening study by Rand Corporation, ten years’ worth of employee and company data was analyzed to really dig into the truth of wellness programs’ impact on company costs.
What they found was delightful news: hospital stays decreased by 30% and $136 was saved for each employee that participated in an effective wellness program. While lifestyle programs did, indeed, save companies money, disease management programs alone accounted for over 85% of those savings. The math speaks for itself.
How Do These Programs Work?
Disease management programs concentrate on at-risk employees and work to ensure their health is maintained in addition to providing chronically ill employees with symptom management. But what constitutes an at-risk employee? Employees with factors like depression, blood pressure issues, a risk of heart disease, and an overweight status.
By implementing programs offering employee-specific activities and exercises, companies were able to successfully manage their chronically-ill and at-risk employees’ health. For example, those with depression and heart disease can benefit from exercises like yoga. Employees who have blood pressure issues can also participate in activities to help raise or lower their blood pressure, like cardio or yoga, respectively.
When these programs are implemented successfully, they not only offer continuous good health and managed symptoms, but they can help prevent claims and employee stress due to doctor visits, sick time, and even hospital stays. If, for example, a program prevents as few as ten emergency room visits, that program will save the company tens of thousands of dollars. Preventing just a handful of prolonged hospital stays can save companies hundreds of thousands of dollars.
How Fitspot Can Help
Fitspot is the industry go-to for customized wellness programs. We create dynamic and specially customized programs tailored to the needs of your team for effective disease management and overall health improvement.
Ready to create a customized wellness program for your team? Contact us and let’s get started today!
Hey! I’m an Account Executive here at Fitspot and a former collegiate baseball player at Appalachian State. I’m an adventure, travel, and fitness fanatic that’s always on the go. With all of that comes necessary balance in all things wellness, ranging from physical, to mental, to even financial. That’s why I’m so passionate about sharing the Fitspot journey with everyone. Thanks for reading our latest blog and make sure to check in with us on our next post!