Wellness means different things to different employers but one thing is certain – corporate wellness programs are on the increase. The driving factor behind corporate wellness programs among employers of all sizes and cultures lies with the burden health care expenses are placing on companies and employees:
- The annual cost of medical services in the United States is rising at seven times the rate of inflation.
- According to health care experts, the rise in medical costs is one factor that is expected to sustain our economy long-term. This trend makes it increasingly more challenging for employers to maintain current levels of insurance coverage.
- In 2003, health care inflation forced 65% of employers to increase employees’ share of health costs.
- 79% of most firms said they will increase workers’ share of health costs with less benefits and increased financial burden on the employee. This trend creates poor morale and even lost productivity.
Corporate wellness programs benefit your franchise opportunity
Human resource executives are searching for an alternate solution when it comes to affording employee health coverage. While many companies cannot control factors contributing to rising health care costs (such as increasing malpractice insurance rates and nursing shortages), organizations are trying to lower rates through corporate wellness initiatives. Many are focusing efforts on wellness and preventive maintenance to lower the number of annual visits to a doctor’s office or hospital. Growing evidence demonstrating that high health care costs are associated with managing and controlling health risks is creating the trend of company-wide wellness programs.
- Obesity raises health care costs by 36% and individual medication costs by 77%.
- Some studies estimate physical inactivity can cost an employer thousands of dollars…… a cost usually paid by the employer through insurance premiums and lost productivity.
- The National Committee for Quality Assurance reports that the estimated average cost for women’s postnatal care who did not receive prenatal care was $2,341 higher than for women who had proper prenatal care.
- The five leading causes of death in the United States are: heart disease, cancer, stroke, chronic obstructive pulmonary disease and diabetes. All conditions can be directly linked to unhealthy lifestyles.
Join the growing ranks of ARCpoint Labs Owners making a difference
Corporate wellness programs assist employees in living healthier lifestyles through improved diet, exercise and regular and preventive lab work.