Businesses Can Cut Healthcare Costs with Wellness Programs

by: Nichole Gunn January 3, 2011

With healthcare costs rising and employees’ sick days taking a bite out of productivity, effective wellness programs are an essential business strategy to counteract both problems.

Employers provide health insurance for over 157 million Americans, and most of the premiums are paid by the company. Add to that sick days due to acute illness or chronic illness, along with worker’s compensation premiums and every business has a bottom-line-survival-need to create strategies and programs to combat employee health costs.

In a recent telephone conference, national experts on workplace wellness strongly urged business owners to implement wellness programs as an effective means of enhancing employee health, thereby cutting employee healthcare costs.

According to the Denver Daily News, president and CEO of the National Business Coalition on Health Andrew Webber noted, "Employers pay in lots of ways for the poor health of the American population."  Businesses need to view wellness programs as an investment with long-term ROI. But, these programs don’t have to break the bank

The American Journal of Health Promotion conducted a study that demonstrated on average wellness programs cut over 26 percent of a company’s “healthcare costs and curb sick leaves by an average of 28 percent.”

About Nichole Gunn

Nichole Gunn is the VP of Marketing at Incentive Solutions, an Atlanta-based incentive company that delivers advanced, agile B2B customer loyalty and channel sales incentives programs.