Does your workplace offer a wellness program? The likelihood is close to flipping a coin - about half of U.S. employers offer them. Out of these, 80% of employer wellness programs screen their employees for health risk. Most plans also offer:
For the 5-year period from 2014 to 2018, employer-sponsored health care spending increased 18%. During this same period, inflation increased at 7% (Healthcare Cost Institute, 2018 Healthcare Cost and Utilization Report). After adjusting for inflation, prices accounted for three-quarters of the overall cost growth. The prices that employer-sponsored plans paid for healthcare services, when looking at cost (the product of the price paid per unit of service and the number of units of the service), grew at twice the rate of inflation.
Risk and Insurance Magazine recently published an article, ahead of their Virtual National Workers' Compensation and Disability Conference, highlighting one of the conference's important topics: exploring the link between behavioral health, physical health and workers' compensation.
Have you noticed your employees coming in late, coming in sick frequently or mentioning they’re not getting enough rest? Have you also noticed the same employees experiencing low productivity or job burnout? It’s possible these employees are suffering from workplace fatigue.
The definition of what it means to be healthy and well means more than just lacing up your sneakers and grabbing an apple a day. It involves balancing other facets of your life to create a well-rounded sense of health.
As corporate wellness programs become increasingly expected in the business world, employers have learned to leverage technology to fit their workforces’ needs and control costs.