ANN ARBOR — Workforce wellness programs result in a lower rate of absenteeism and a higher rate of productivity in workers, which, in turn, create significant savings for U.S. employers, according to a new study from Truven Health Analytics.
The study, published in the Journal of Occupational and Environmental Medicine, found that companies that successfully implement a culture of health and well-being realize across-the-board increases in corporate revenue, profit, stock price, company valuation, and reputation.
“Few topics in healthcare have inspired as much confusion and contradiction as assessing the relative impact of corporate wellness programs,” said study author Ron Goetzel, Ph.D., vice president of applied research at Truven Health Analytics. “However, with annual premiums for family healthcare coverage averaging over $16,000 it is difficult to ignore interventions that have the power to improve outcomes and reduce costs. Our research finds that established, well-run wellness programs do indeed produce positive results, returning, as much as triple their initial investment in healthcare savings.”
The study evaluated peer-reviewed literature on companies that had developed these types of wellness programs. The results included companies such as Johnson & Johnson, which saw estimated savings of between $1.88 and $3.92 for every $1 invested. PepsiCo, which focused its program on disease and lifestyle management, estimated at $1.46 saved for every dollar invested. BJC Healthcare uncovered a $22 dip in hospitalization spending per member, per month in just the second year after their program’s implementation.
To download the full paper in JOEM, visit this link. http://journals.lww.com/joem/Citation/2014/09000/Do_Workplace_Health_Promotion__Wellness__Programs.6.aspx
Ann Arbor-based Truven provides research and consulting to the health care industry. More at http://truvenhealth.com.