A perfect storm has been brewing just over the horizon and is heading our way. It is called “America’s Healthcare Crisis”. Most people are completely unaware of how big this storm is, but much like other disastrous events in our history, its impact will transcend generations. Early signs of the looming storm have already begun to impact us and our daily lives.
At The Holistic Corporate Athlete we believe that a structured, scientifically based wellness program with incremental personal coaching and data collection is the foundation to rein in healthcare cost, improved productivity and increased employee “ownership” of health and lifestyle. Our wellness models our designed to impact health claim outcomes, organizational performance and enhance human capital investment.
Please consider these facts:
- Healthcare spending in the US exceeds $1.8 trillion dollars…15.8% of our GDP and is expected to top 20% by 2025
- Canada 8.4%; Sweden 9.1% Germany 8.6%; UK 6.2%
- US ranks behind all of EU and countries such as Cuba, Czech Republic in quality health measurements
- Corporate healthcare costs continue to increase at a faster pace than productivity and threaten the sustainability of today’s “employer/employee” model. At a macro level this impacts our country’s competitiveness on a national and international scale. So how does this impact our daily consumer purchases?
- GM spends more on healthcare for employees than they do for steel to manufacture cars
- Starbucks spends more money on healthcare than they do on coffee to serve in their stores
- At the individual level, the statistics depict a gloomier picture:
- 95% of Americans are one serious illness away from bankruptcy. Every 30 seconds someone files for bankruptcy due to excess health bills which represent 50% of all bankruptcy fillings
- 15% of our consumer purchases go to pay for healthcare in our country.
The statistics are staggering and if we do nothing about it, the impact will reach far deeper into everyone’s pocket. So what can we do about this, how can we take action to make an impact in our lives and the companies that we work for. Corporate America will have to take an aggressive approach to improve the employee wellness and curtail the rising cost of healthcare coverage for employees.
So what is the return on investment (ROI) for Corporate Wellness programs?
- Motorola claims a 4:1 return on their corporate wellness program
- Reduced employee absenteeism, greater productivity and lower health insurance cost
- Wellness Council of America ROI:
- A $1 investment in wellness programs saves $3 in health care cost to employer
- American Airlines:
- Absenteeism cost American Airlines $1M per day; 5% of workforce per day is absent, which is a very substantial negative ROI
The Holistic Corporate Athlete has the knowledge, experience and instructional infrastructure to provide you and your corporation what is needed to reduce health care costs, improve employee participation and improve employee morale.
Please contact us to learn more on how you and your company can take advantage of our turn key wellness solutions and customize a wellness program to meet your objectives. |
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