Loyaltyworks Wellness Programs Reduce Employee Healthcare Costs And Increase ROI
Loyaltyworks, an Atlanta-based premium provider of incentive programs and employee recognition programs, will now be offering wellness programs to help companies lower insurance costs through improving employee lifestyles.
Medical care is the largest budget expense for virtually every company and household in America.
- 75% of healthcare costs derive from preventable illnesses
- Unhealthy workers cost businesses in the United States over $153 billion a year
Bad health in America is basically an epidemic at this point. Heart disease is the #1 cause of death. Almost 40% of all American adults are obese. The annual cost for dealing with obesity is up to $147 billion at this point. This plague of poor health doesn’t just affect American homes either. It negatively impacts the bottom line of almost every company out there. Employees’ unhealthy lifestyles and poor choices have led to a steady increase in chronic diseases – which leads to continuously rising insurance premiums. This causes employers and employees to spend more of their budgets to pay for medical care. It’s an issue that must be confronted immediately or it will only get much more expensive for everyone.
Loyaltyworks’ wellness programs help curb this problem by providing incentives and employee recognition for making smart, healthy lifestyle choices both at work and at home. On average, employers save $3.27 for every dollar spent on a wellness program and $2.73 on absenteeism and lost productivity. That’s a total return of $6 for every dollar spent on a wellness program.
There are a number of choices to help educate, train and reward employees to make healthier choices, which reduces employer costs and returns a solid ROI. Loyaltyworks is helping wise employers save money by partnering with them to create wellness programs that scale down healthcare costs. Their programs will:
- Reward employees for enrolling in the wellness program
- Reward employees for completing annual health screenings and then reaching the goals provided
- Reward employees for participating in healthy activities – such as runs, walks, exercise programs or gym memberships
- Reward employees for attendance/participation in health related events/programs
The wellness programs Loyaltyworks provides aren’t cookie cutter, one-size-fits-all solutions. Loyaltyworks’ works directly with each client to custom design a wellness program that maximizes their ROI, and addresses their specific issues and needs.
Loyaltyworks is a provider of online incentive programs that include employee loyalty programs, customer loyalty programs, distributor loyalty programs and employee recognition programs that provides point-based reward platforms to a broad range of clients for over 30 years. Today, utilizing the RewardTrax system, Loyaltyworks provides an incentive program solution to a broad array of clients for the ISI group. The ISI group was recently recognized as an Inc. 5000 company and received AAA accreditation from the Better Business Bureau.
2337 Perimeter Park Drive, Suite 220
Atlanta, GA 30341