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There’s More to Wellness Program ROI Than Cost Savings

by | Jun 26, 2014 | Miscellaneous

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Screen Shot 2014-06-20 at 12.32.48 PM“Do workplace wellness programs really deliver a positive return on investment? That seems to be the question on the minds of many human resource managers these days,” according to Human Resource Executive.

“But maybe that's the wrong question to be asking. Or at least not the entire question. For years, employers — and the wellness industry — have focused on demonstrating ROI primarily through medical cost savings. Medical dollars saved, of course, should be a component of ROI when determining program success. But alone, it's not sufficient.”

“Many other financial — and non-financial — gains or losses should be quantified in order to fully understand the true value of health management programs. This is particularly true today as employers reexamine strategies for financing health benefits in the wake of healthcare reform. For example, private health exchanges in which employees can obtain coverage are a new option. Companies are also embracing defined contribution models for financing healthcare benefits — giving workers a fixed-dollar amount to buy coverage on their own.”

Written By Mike Veny

By Jane Doe, Certified Corporate Wellness Specialist

Jane Doe is a leading expert in workplace wellness with over a decade of experience in developing and implementing successful wellness programs. Her passion for creating healthier work environments has helped numerous organizations enhance employee satisfaction and performance. Connect with Jane to learn how you can integrate wellness into your corporate strategy.

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Join Mike Veny as he discusses National Depression Screening Day, taking place on October 10th. In this vital conversation, Mike explains why early detection of depression is essential for peace of mind and overall health. He provides a clear definition of depression, shares his personal experience living with Major Depressive Disorder (MDD), and encourages everyone to get screened.

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https://medlineplus.gov/lab-tests/depression-screening/

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https://health.gov/myhealthfinder/doctor-visits/screening-tests/talk-your-doctor-about-depression

https://www.medicare.gov/coverage/depression-screening

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