Corporate Wellness Programs Bring Big Benefit To Business
Health care and businesses have been two of the dominant topics over the past year
, and rightfully so. Companies are trying to recover from The Great Recession, and the passage of healthcare legislation means a dramatic change in a sector that represents over 17 percent of the U.S. economy. With most major employers deeply involved in their employees healthcare coverage, corporate wellness programs are becoming increasingly valuable as successful programs have been proven to improve employee health and reduce healthcare costs.
Costs are always a concern for businesses, and here corporate wellness programs have been proven highly effective in lowering them. Studies conducted by the University of Michigans Health Management Research Center showed savings for an individual company of $80 million dollars after the implementation of an effective wellness program. Other companies and businesses meanwhile saw tens to hundreds of thousands of dollars in annual savings through increased employee productivity due to their corporate wellness programs.