You may be offering a variety of employee wellness programs to your employees throughout the many locations that you have. Whether you are offering wellness programs in terms of nutrition, fitness, or a combination of both, you will want to make sure they are truly helping your employees and their quality of life. If you do not have any form of measure, you may be offering programs that are not as effective as you think they are.
One of the first things you need to know about employee wellness programs are what they are costing you. Once you know this, you need to know if you are getting a high return on investment. After all, you want to provide a benefit to your employees, but you want to make sure it is worth your money. What kinds of returns can you see? Healthier employees. Healthier employees don’t call out sick as often. They are more likely to stay with your company. And they can help you to reduce your healthcare costs.
The best way to get a high ROI is to ensure the employee wellness programs are catered to the individual needs of your employees. What do your employees need? In order to answer this question, you need to know about their risk factors as well as their chronic disease management. All of these questions can be answered when you have a visual dashboard linked to your healthcare data.
What is a visual dashboard and what can it do for you?
A visual dashboard is a product offered when you take advantage of a benefit optimization system. Essentially, all of your healthcare data is warehoused online. Instead of dealing with raw data, you have actual data that has been cleaned up so you can benefit from it more effectively. When your data is streamlined, you can get healthcare analytics that tell you all of what you need to know.
The data can be queried, providing you with helpful reports. You can find out how many employees are participating in the employee wellness programs. If you have a lot of employees and only a small percentage are participating in the programs, you know you have work cut out for you. If you have a high participation rate already, you can find out the effectiveness of the programs and how you can make tweaks to increase the ROI.
Depending upon the program that offers the benefit optimization system, you may be able to get more than just a visual dashboard. You may also be able to get recommended actions about the employee wellness programs. This will allow you to make the adjustments to provide more benefits to your employees to ensure they are healthier and happier while you get to enjoy more ROI. It will be a win-win for everyone.
If you’re going to spend money on employee wellness programs, you want to make sure you are offering the right ones. When you take the time to look at what your employees need, you can make better use of your healthcare dollars.
About the Author
Dynamic Health Strategies (DHS) is a benefit value-optimization and management company that offers specialized employee healthcare benefit cost-management advice, tools and consulting services for Self-insured Employers and their Benefit Consultants. DHS has saved its customers millions of dollars by pinpointing waste, fraudulent billing, and improving employee wellness.