Corporate wellness programs: A cost containment strategy

Abstract

Scope and Method of Study: The scope of this report involves a comprehensive look at the corporate trend toward wellness in the workplace. Because of the severity of rising health care costs and subsequent impact on profitability, corporations are turning toward containment strategies that enable cost increases to be controlled. An indepth study was conducted on existing corporate wellness programs and their effectiveness in terms of reducing health care costs and improving overall productivity. The information presented in this report was collected through extensive secondary research.

Findings and Conclusions: Overwhelming evidence exists to support the belief that corporate well ness programs are an effective cost containment strategy against rising health care costs. Successful wellness programs have proven not only that healthy employees use the health care system less often, but that they are also more productive and absent less frequently than unhealthy employees. These direct and indirect benefits translate into reduced medical costs and improved productivity for the company.