Corporate Health Promotion Programs in a Down Economy
Corporate Health Promotion Programs and Healthcare Costs
Corporate Health Promotion Programs are more important now than ever. According to an article in the Wall Street Journal, with the troubles in the economy it seems that the costs of business provided medical care keep continuing to grow and it doesn’t seem like it is going to change. The article states that during the year 2008, American corporations can expect to see an increase of 10% in medical care costs.
This increase in medical care costs is causing some small corporations to reduce their worker health benefits or get rid of them altogether.
Corporate Health Promotion Programs for Healthier Lifestyles
Corporate Health Promotion Programs do offer an option for small corporations. The corporations can offer discounted co-pays and deductibles to those staff members that fully participate in the offered Corporate Health Promotion Program. Full participation means getting health screens, receiving a health risk assessment, and then working with their wellness coordinator to work towards a healthier lifestyle.
The healthier the staff members, the lower the overall medical care costs for the corporation. Just one lengthy hospital stay can almost deplete a small business’ medical care budget.
Corporate Health Promotion Programs and Your Bottom Line
Corporate Health Promotion Programs offer many advantages to a organization’s bottom-line. Corporate Health Promotion Program Statistics from Prudential Insurance show a benefit expense of $312 per individual enrolled in a Corporate Health Promotion Program compared to an expense of $574 per worker that wasn’t enrolled. Coors Brewing Company showed a positive side-effect of participant absenteeism dropping by 18%, thus greater production and less medical care costs overall.