Employers told to measure wellness ROI

Companies that make the effort to find out what they are saving with their wellness programs are often pleasantly surprised, says a study by the International Foundation of Employee Benefit Plans. The IFEBP, a not-for-profit group that studies benefit plans, surveyed 447 member organizations, finding that about 1 in 5 analyzes ROI and of them, 4 in 5 achieve positive results. A significant number show a savings of $3 for every $1 spent.

“Attaching plan design incentives to participation was the most frequently cited reason” given by responding organizations for achieving positive ROI. The largest differences in participation rates between companies that offer program participation incentives and those that do not occur with health screenings (33 vs. 57 percent) and health risk assessments (33 vs. 55 percent).

Effect of incentives on average participation rate

Source: “A Closer Look: Wellness ROI,” International Foundation of Employee Benefit Plans

Career Opportunities

HAP, a subsidiary of Henry Ford Health System, is a nonprofit health plan providing coverage to individuals, companies and organizations. This executive develops strategies to meet membership and revenue targets through products, pricing, market segmentation and advertising.  Aligns business among Business Development, Commercial Sales, Medicare and Public Sector Programs and Product Development. Seeks to enhance and be responsible for business development and expansion through the development of an effective product portfolio, strong interpersonal relationships and service excellence.

Apply via email to jfedder1@hfhs.org or online at http://p.rfer.us/HENRYFORDlXqAJA

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