All You Need To Know...
Return on Investment: Pre-Employment Physicals
- National healthcare spending comprised a shocking 17.9% of annual GDP in 2011 (This is expected to grow to 19.6% by 2021)
- In 2011 the nation spent $2.7 trillion on healthcare
- 75% of healthcare expenditures are spent on chronic disease (including hypertension + type 2 diabetes)
- 100 million Americans presently live with at least 1 chronic disease
- Employers spend at least $18,000 per employee per year
- Poor employee health costs the national economy at least $260 billion each year in lost productivity
- 30% of American employers currently do NOT offer employee wellness programs at all, including pre-employment exams
- Measurable return on investment for employee health + company financial statements (this includes reduced healthcare costs, lower rates of absenteeism, and enhanced productivity)
- Wellness programs have reduced employers health costs by an average of 26.1%
- Another investigation discovered that wellness programs + physical exams diminish workers' compensation + disease management costs by up to 32%
- Annual physicals saved Bank One $1,000 per employee annually
- Lafarge North America saved $30 million over 3 years with a wellness program that included physical exams
- Chippewa County, Wisconsin, cut expenditures on county employee healthcare by $500,000 following the implementation of wellness services