As a CFO, you’re responsible for ensuring the financial fitness of your company. An unhealthy workforce reduces productivity and increases your healthcare costs. With strong employee engagement, a 5-15% reduction in medical spend and similar gains in productivity are attainable. If your health and wellness program isn’t achieving at least 70% engagement delivering savings is challenging. Are you seeing the engagement you need to generate ROI?
Here are four topics to discuss with your HR team to build and sustain engagement:
- Review your medical claims data and zero-in on the chronic conditions and the risk factors that contribute to them.
- Survey your employees to understand the programs that are most meaningful to them. Programs tailored to what employees want and need will drive engagement.
- Spouse and dependent participation magnifies engagement. Ensure all your members have opportunities to engage.
- Identify a single program that satisfies most of your health and wellness needs. Multiple vendors can create duplicative costs and complexity is a barrier to engagement.
A thoughtfully designed health or wellness program with strong employee engagement drives financial fitness. Including an onsite clinic as the hub of your benefit strategy is a powerful solution that generates substantial ROI in 2-3 years.Download the eBook Employer’s Guide to Healthcare and learn how Vera Whole Heath can improve the financial fitness of your organization.