Return On Investment
Health care premiums, employee absenteeism, disability, worker's compensation, and safety issues... how much have they cost you already this year? Did you know that about 70% of the chronic conditions responsible for these costs are caused by modifiable risk factors? Implementing a wellness program can greatly reduce these health risk factors and provide significant ROI. Studies on targeted worksite wellness programs conclude overall benefit to cost ratios of $3.48 in reduced health care costs and $5.82 in lower absenteeism costs per dollar invested. (2)
Wellness initiatives such as HRA's are geared at detecting early risk factors for chronic disease. Midland Health can help you to create incentives which will increase HRA participation and intervention across your workforce. Studies prove that a comprehensive wellness program can break even if participation in the HRA and follow-up interventions succeed in shifting just 1% of employees from high risk to low risk status.(2)
Midland Health can quantify the benefits of your wellness program by providing conclusive HRA outcomes. Detailed reporting is provided on each participant's health risks, and this data may also be compiled into a comprehensive risk report for your entire participant population. Once HRA's have been completed consecutively for two or more years, Midland can provide comparison reporting which details progressive health improvement and risk reduction. Midland's longtime customers experience about 1/2 of the national average in premium increases!
Additional Facts and Figures:
- The estimated cost of cancer in 2002 was $171.6 billion. Of this amount, $60.9 billion was due to direct medical costs and $110.7 billion to lost productivity.
- In 2000, the total cost of obesity was estimated to be $117 billion. Of this amount, $61 billion was due to direct medical costs and $56 billion to lost productivity.
- In 2000, health care costs associated with physical inactivity were more than $76 billion.
- Direct medical expenditures attributed to smoking total more than $75 billion per year. In addition, smoking costs an estimated $80 billion per year in lost productivity.(1)
1. (National Center for Chronic Disease Prevention and Health Promotion. www.cdc.gov/nccdphp/default.asp . February 2005.)
2. (Whitmer R. W. et. al. Editorial: A Wake-Up Call For Corporate America. Journal of Occupational and Environmental Medicine. 45 (9):916-925, September 2003.)
