Our mission is to enable your organization to improve the health of your employees, control insurance costs, lower health claims and absenteeism, and increase productivity.
Did you know that 70% of healthcare costs in the United States are preventable? According to the American Heart Association, we lose $32 BILLION a year because of premature illness associated with cardiovascular diseases like high blood pressure, diabetes and obesity.
What does this mean for your business? Company benefits for providing a wellness program include lower healthcare costs, reduced absenteeism and greater productivity and morale. Returns on investment include double-digit decreases in sick leave, hospital admissions, disability days and per capita workers compensation costs. In fact, 86% of companies with more than 50 employees offer a wellness program, and 31% of employers offering disease management programs reported a positive return on investment.
High healthcare costs continue to be a concern to American businesses. In 2007, the average annual health insurance premium was $4,500 for individual employees and more than $12,000 for families – and these costs keep rising. Because of this, most companies and employees are highly motivated to keep their healthcare costs low in any way they can.
Organizations worldwide have learned that providing worksite wellness programs for employees is a very efficient way of controlling rising costs. Today, 62% of larger U.S. companies (with 200+ employees) provide worksite wellness programs. It’s proven: When people are aware of their current and potential health risks, and are given the tools necessary to combat those risks, their health improves, which alone decreases a company’s healthcare costs. Some health insurance companies will discount premiums for businesses that offer wellness programs. Talk with your provider.
View our publicly published calendar to see where Mobile Fit & Wellness is testing.
Companies with well-designed and well-maintained wellness programs see definitive improvements in group healthcare, turnover rate, absenteeism, disability, and worker compensation costs. Johnson and Johnson, with 115,600 employees, witnessed an annual savings of $2,562 per employee. This accounted for a 26% reduction in overall company healthcare expenses.
Each employee that sustains an illness or injury results in a costly blow to company. A company pays not only for the medical care of the employee – they must also continue to pay wages to the employee, often while suffering from diminished productivity in the employee's absence. They may even be forced to hire another employee to help accomplish the work during the medical leave.
Chronic illness, including heart disease, diabetes and obesity, accounts for 75% OF HEALTH COSTS, according to the American Public Health Association.
THE PROBLEM CLEARLY ISN'T GOING AWAY. According to the Industrial Physical Capability Services, Inc, new hire data demonstrates that applicants under the age of 40 actually have a greater prevalence for obesity than those over the age of 40.
Employees not engaged in a preventive health and wellness program: Absent from work ~3.6 days equaling $720 per employee per year.
Employees participating in a health and wellness program: Absent ~ 2.4 days equaling $480.02 per employee per year
By taking an initiative designed to improve morale among employees, a company witnesses an average return on investment of 21:1 in savings to costs.
After a morale-improving initiative, typical company will see:
10% reduction in absenteeism AND 28% increase in productivity
Studies have proven that an investment in a well-structured employee health program will reduce healthcare costs, minimize employee absenteeism, reduce the frequency and duration of medical leave and improve company morale.
According to the National Health Care Statistics, the typical American diet is responsible for most of the preventable diseases, including 91% of diabetes, 82% of heart disease, and 71% of colon cancer.
65% of the US population are overweight, and over 33% are literally considered CLINICALLY OBESE, which constitutes over 90 million Americans. This is a 7-10% increase in less than 5 years.
Only 15% of adults engage in regular vigorous physical activity (with or without personal trainers), and 60% report getting essentially no exercise whatsoever from a regular leisure activity.
Data from 2005 shows that the obese worker costs a company an extra $1,809 each year in healthcare costs, absenteeism and presenteeism. This does not include indirect costs involved. In a related article, the front page of the USA Today reported an expected trend between obesity and disability claims.
In 2005, the total cost of providing U.S. employees health benefits exceeded profits for the Fortune 500 corporations.
View our publicly published calendar to see where Mobile Fit & Wellness is testing.
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