For every 100 employees in the workforce, metabolic conditions, such as Type 2 Diabetes, cost employers about $87,500 annually and cancer costs employers about $19,000 annually. These costs are incurred not only through medical treatments, but also through sick days, presenteeism, short-term disability, and long-term disability. Looking at the costs of absenteeism alone, CDC reports suggest the annual costs for a large employer, could range from approximately $17,000 for diabetes to more than $285,000 for physical inactivity.
Wellness programs abound, promising a low-cost, preventative approach to lower medical costs and increase productivity and attendance in the workplace, and it’s an easy sell. In fact, 98% of large companies (with 200 or more employees) reported having at least one wellness program as part of their health benefits in 2014.
But we find ourselves at an impasse: Why haven’t wellness programs delivered measurable benefits for your bottom line? To read more, fill out the form below.