The latest addition to the healthcare blog around the issue of whether workplace wellness programs do or do not save money is a truly historic one. In the very first sentence the authors refer to the industry as being: “a field with a history of unsubstantiated claims and suspect methods.”
I was excited to hear someone besides the usual suspects speaking about what has certainly been a primary concern about our industry. I read further about the details of their program and near the end of the post came upon this claim (emphasis mine) by one of the author’s:
“This body of work documents the net savings of $342 million in direct transactional costs, the even greater concurrent reductions in indirect (e.g., lost productivity) costs, and the corresponding return-on-investment savings to cost ratio that easily exceeded 40 to 1 which the company achieved with its approach to wellness, health and productivity during the 1999-2009 period.”
Blew me away completely – Complain about the claims made by our industry and then make one that to my knowledge exceeds anything that the industry has made in the past? Wow – that takes moxie!
p.s. Looks like in the original article the claim is actually an ROI of 400 to one not 40 to one – oh well – what’s a decimal point among friends?