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Wellness Program Return-on-Investment: Benchmarks, Strategies, and Case Studies for Proving the Value of Your Wellness Initiatives Conference CD-ROM
Managed Care Information Center, Aug 2008, Minutes: 90
Overwhelmingly, proving Return-on-Investment (ROI) of a workplace wellness and health promotion program to senior management ranks as the top concern expressed by professionals responsible for the administration and management of their organizations wellness programming, according to the Workplace Wellness Management Year End Survey.
Almost 40 percent of large companies in the United States spend more than $200,000 annually on wellness programs, and 20 percent spend at least $1 million, according to a report released last fall by the Business Roundtable, a Washington, D.C.-based association. The cost of wellness programs is becoming increasingly visible and is therefore being scrutinized by senior management.
Wellness managers must prove the financial viability of wellness programs to ensure senior management’s continued support of their programs.
'Programs and initiatives will be competing for the limited funds, and those that are able to demonstrate ROI will be in a better position to survive the budget and programmatic cuts anticipated,' according to one survey respondent.
Despite the attention on ROI, many wellness managers don't know the ROI of their programs.
What makes wellness programs' ROI so difficult to calculate? And why are published wellness program ROIs been so inconsistent? How do you document the ROI from your wellness programs?
Join the Wellness Program Management Advisor for “Wellness Program Return-on-Investment: Benchmarks, Strategies, and Case Studies for Proving the Value of Your Wellness Initiatives,” that took place in August 2008
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