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The Financial Impact of an Employee Wellness Program Focused on Cardiovascular Disease Risk Reduction.
Irena Boyce1, Jason DeVoe2, Lisa Norsen2
1UR Medicine Quality Institute, University of Rochester Medical Center, Rochester, NY 14642, USA.
Comprehensive workplace wellness programs (WWPs) demonstrate significant return on investment (ROI) and cost-savings for employers by reducing cardiovascular disease (CVD) risk. Investing in well-designed WWPs benefits employee health and employer finances.
Area of Science:
- Occupational Health
- Health Economics
- Preventive Cardiology
Background:
- Workplace wellness programs (WWPs) show varied effectiveness, often due to non-standardized program designs.
- Comprehensive WWPs, meeting CDC criteria, have shown potential in reducing cardiovascular disease (CVD) risk.
- This study assesses the cost-savings and ROI of WWPs based on CVD risk reduction.
Purpose of the Study:
- To evaluate the financial return on investment (ROI) and cost-savings for employers from comprehensive workplace wellness programs.
- To quantify the economic benefits derived from reduced cardiovascular disease (CVD) risk among employees participating in WWPs.
Main Methods:
- Extrapolated cost-savings using existing studies on WWP participants and associated CVD risk reduction costs.
- Calculated annualized cost-savings per participant based on 1% CVD risk reduction, tailored to the study population and program costs.
- Utilized reference groups from prior research to establish cost-effectiveness benchmarks.
Main Results:
- Overall cost-savings of USD 1224 per individual, with a return on investment (ROI) of USD 4.90 for every USD 1 spent.
- Higher ROI observed for at-risk individuals (USD 35.4 for males, USD 19.2 for females) compared to minimal-risk individuals.
- Even minimal-risk employees demonstrated a positive ROI (USD 0.3 for males, USD 5.0 for females).
Conclusions:
- Prioritizing comprehensive WWPs aligned with CDC standards is crucial for maximizing health and financial benefits.
- Well-designed WWPs effectively improve employee health outcomes and deliver a positive ROI and cost-savings for employers.
- Investing in evidence-based, comprehensive WWPs is a sound financial strategy for businesses.
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