Whiteboard Wednesday: ROI vs. VOI
Whiteboard Wednesdays are short-form video posts from Wellable on important topics to know for employee health and wellness professionals. Check out this video on how to measure wellness program success and the differences between return on investment (ROI) and value on investment (VOI).
Study: Opioid Crisis Cost U.S. Employers $702B
A study found the opioid crisis caused the American economy to lose nearly a million workers, 12.1 billion work hours, and $702 billion. The study reviewed the impact the opioid epidemic had on labor force participation and output between 1999 and 2015, making the average annual loss $43.9 billion.
Study: Standing Desks May Have Negative Effects
Although numerous studies suggest that the health benefits of standing desks are less significant than the hype, employers continue to invest in upgrading office furniture to promote standing over sitting in hopes to recoup the investment from lower healthcare costs.
Loneliness: The Next Employee Wellness Frontier
Research showed loneliness having the same health care outcomes and costs as 15 cigarettes a day, yet most employers are not giving it enough attention. It remains a hidden drain on the health of employees and the companies they work for, costing employers in the U.K. an estimated $3.5 billion.
Podcast: The Illinois Workplace Wellness Study On Effects Of Wellness Programs
The leading researchers of the Illinois Workplace Wellness study joined Wellable in this podcast to talk more about what their results mean and how employers can use this information to optimize their current offerings. The podcast covers program design, incentive structure, and more. Enjoy!
Report: Pricing Top Criteria For Employers Selecting Wellness Vendors
We surveyed 105 health insurance brokers and published the findings in the 2018 Wellness Industry Trends Report. Employers and brokers can use the report to make better benefits decisions to ensure they are creating competitive wellness plans to address the needs of current and prospective employees
Survey: Health App, Wearable Device Adoption Tripled Since 2014
According to a new survey, “consumers continue to show strong use of digital technology for self-service care, and the numbers are rising each year.” The trend may be most evident in the rapid adoption of modern technologies to manage health and wellness, including wearable devices and mobile apps.
HDHP Use Flattens, HSAs May Become More Attractive
Although HDHPs have seen incredible growth since 2005, many industry professionals often assume (incorrectly) that employers are continuing to flock to these types of health plans, causing enrollment to surge. According to a new report, HDHPs growth remained relatively static this year.
Preferred Exercise Setting May Be Tied To Personality Traits
A study showed that extroverted individuals and those who rely on objective logic and regimens are more likely to prefer working out at the gym, while creative people and individuals who focus more on feelings and values may be much better suited to outdoor activities such as cycling and running.