EMPLOYER GROUPS

Customer Perspectives    Employer Groups

The health and productivity of a company’s workforce is critical to its long-term viability and overall economic success.

As healthcare costs continue to rise and the influence of unhealthy lifestyle choices and increased demands of an aging population impact their bottom line, employers are beginning to acknowledge that cost-cutting and shifting strategies alone will not maximize the value of their healthcare investments. In fact, cost-shifting to employees as a primary strategy has virtually stalled, and adoption rates for “silver bullet” solutions such as consumer-driven health care have slowed.

Employers are steadily moving toward a more direct role in driving the health and productivity of their workforce. Research shows that across the next few years a majority plan to make significant investments in longer term solutions aimed at ultimately improving the health and positively impacting the productivity of their employees.

To that end, employers are increasingly looking to wellness programs. Over two-thirds of large employers are using wellness programs, most with some level of incentive offered for completion of a wellness “event.” However, the perceived effectiveness of those programs to date is uneven at best, and integration into other health management efforts is in its infancy.

Today, industry awaits the next generation of innovation that will produce both meaningful reduction in healthcare spending as well as demonstrate real health improvement.

Employers want more-meaningful data from their health benefit programs, and they see an increasing need to measure and manage the costs and value of those programs. They need a flexible new pathway that:

• Addresses multiple health risks;
• Effectively engages participants in health improvement;
• Rewards behavior change;
• Is based on sound clinical evidence and actuarial science; and
• Provides accurate reporting on participants’ health improvements

Vitality offers exactly that new pathway. In fact, we guarantee it.

Once members participate in the Vitality program, healthcare savings will exceed the cost of incentives or The Vitality Group will pay the difference.

Vitality represents a powerful breakthrough in health enhancement. Click here to learn more about the advantages of the world’s largest incentive-based health enhancement solution.

For a more customized presentation of program capabilities, please contact a Vitality corporate wellness consultant today.

Sources:

Hewitt Associates, “Two Roads Diverged: Hewitt’s Annual Health Care Survey,” 2008

PricewaterhouseCoopers’ Health Research Institute, “Behind the Numbers: Medical Cost Trends for 2009,” June 2008

PricewaterhouseCoopers’ Health Research Institute, “What employers want for health insurers—now,” 2008

Integrated Benefits Institute, “Employer Incentives for Workforce Health and Productivity,” 2008