Health and wellness benefits aren't a "nice to have". They're a must have if your company is looking for ROI from your benefits package.
ROI is a must-have for thriving companies. So is having healthy, happy employees. How can you put more dollars toward your bottom line while also providing accessible and affordable health care to employees? By investing in health and wellness programs, that's how!
Top 3 Reasons You Should Invest in Health & Wellness Programs:
1. Save money on PTO and insurance claims. By providing access to basic health care and wellness programs for little to no cost for employees, employers can expect to see less sick time taken and fewer insurance claims. The value of keeping employees at work is paramount, and lowering the number of insurance claims is direct ROI. This benefit often gets overlooked, but it's crucial to maintaining a healthy bottom line.
For instance, one EZaccessMD client experienced a 25% decrease in low acuity office visits and a 31% decrease in urgent care visits. As a large nursing home whose workforce is made up primarily of low-wage shift workers, these decreases were significant. Rather than funnel the money directly into the company's pockets, they reallocated the saved money into the HSAs of employees, further reducing the burden of health care costs. Last but not least, they were able to negotiate with their insurance provider to avoid an increase in their premiums!
2. Well-balanced employees = More productive employees. It's a proven fact that employees with a healthy work-life balance are not only happier with their job but are also more productive. This means less turnover, higher productivity, and more money to put towards your bottom line. Training new employees after experiencing turnover, paying overtime to cover the work missed by unproductive employees, and losing quality talent to companies with better benefit offerings can cost an organization millions, which is far more than they would have paid by investing in a telemedicine benefit.
3. The perceived value vs. actualized cost. Many health and wellness programs are affordable for employers and invaluable for employees. Employees who feel appreciated and taken care of by their employers are more productive and are more likely to stay with the company. Benefits like EZaccessMD will produce a ROI while truly benefiting employees who use it. It's a win-win!
A healthy workforce is a productive workforce. Let EZaccessMD keep your employees happy and your company productive.
To learn more about how benefits can provide ROI, click here.
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