The Healthy Executive

CEO Advisor: Employee Wellness

CEO Advisor infographic

Did you know?

  • 2/3 of the U.S. workforce is overweight or obese.
    • This make them four times more likely to miss work.
  • 3 out of 4 workers report their job as stressful.
    • 60% of lost workdays are attributed to stress.
  • There has been a 50% increase in the diagnosis of diabetes since 1997.
    • A diabetic’s medical expenses are 2.4x a non-diabetic.
  • 70% of working Americans get little or no physical activity.
    • Exercise has shown to improve work performance, attendance and satisfaction.
  • According to the Centers for Disease Control (CDC), more than 75% of employers’ healthcare costs and productivity losses are related to employee lifestyle choices.

CEOs are concerned about the health of their business AND their employees health. They need to stay abreast of trends in Corporate Wellness, Health Policy, Legal and Regulatory changes as they impact their business and employees.

Here is my synopsis of what CEOs should know about employee and impacts to their business:

  • Why Aetna’s CEO Pays Workers up to $500 to Sleep
    • Creating a culture that encourages workers to get more sleep can be a boon to your business, said Aetna Chairman and CEO Mark Bertolini. You can’t be prepared if you’re half-asleep,” Bertolini added, saying he has the numbers to back-up his assertion that better sleep can lead to bigger profits.
  • When it Comes to Fake News, Health Reports Are the Worst
    • Of all of the categories of fake news, misinformation about health is more pervasive and harder to weed out than any other kind, according to a new report in The Atlantic.   Science doesn’t jump ahead the way journalists like to cover the subject — and with high-stakes information about your well-being, people are clicking on those “junk news” headlines.
  • Wall Street Wellness Programs Are Being Used to Drive Sales
    • Most companies want healthier employees to cut insurance costs, but now some companies want to drive sales and increase profit using health. The healthier a person gets, the higher their wellness quotient climbs, and in theory, the better a worker he or she becomes. ING’s Financial Sales Group’s income has risen 18 percent—by focusing on employee and client’s health and wellness quotient.
  • Employee Wellness Programs Increasingly Use Sticks
    • Workers increasingly are being told by their companies to undergo health screenings and enroll in wellness programs, as a way to curb insurance costs. Many employees now face stiff financial penalties — often in the form of higher premiums — if they do not have their cholesterol checked or join programs to lose weight or better manage diabetes.
  • Sticks, Not Carrots, May Work Best for Wellness
    • Financial penalties work better than cash rewards for motivating employees to meet physical activity goals in a workplace wellness program, a new study reports. Employees met a daily walking distance goal more often when every missed day meant money removed from a set monthly reward, as opposed to earning a cash incentive each day they met the goal, researchers reported.
  • Reporting Employee Weight & Stress Levels
    • Do you know how stressed Merck employees are? How about the average body mass index of workers at IBM? Soon, you might. Several giants of global industry, including Novo Nordisk, Johnson & Johnson, and PepsiCo, on Friday joined forces with nonprofit health advocacy groups to call for businesses large and small to publish information about the health of their employees.
  • Employers Use Big Data to Track Employee Pregnancies
    • Health care analytics companies can mine workers’ medical claims, pharmacy claims, and search queries to figure out if an employee is trying to conceive or is already pregnant. One such company is Castlight Health, which counts major employers such as Walmart and Time Warner among its biggest clients.
  • Employers Battle Drug Costs
    • Rising drug costs are forcing tough decisions on those who foot the bill for much of American health care: employers. The pinch is most acute for the many large employers that, like the University of Minnesota, are self-insured—hiring an insurance company to administer benefits but paying the bill themselves.
  • Health info at risk in FBI request to unlock iOS
    • Apple CEO Tim Cook cited backdoor access to health records as just one of many violations of privacy the FBI would be guilty of if the iPhone maker agreed to create a means to unlock a user’s smartphone.
  • Wellness App Aims to Improve Workplace Nutrition
    • A growing number of companies are offering their employees digital tools to help improve their eating habits in hopes of increasing productivity, reducing sick days and cutting health care costs.
  • Janus Launches ‘Obesity ETF’ for Investors
    • Janus Capital has a new way to invest in, or bet against, the future health of Americans. Their offerings include a new obesity-based investment vehicle. The asset manager is launching 4 new exchange traded funds (ETFs) that are designed to track companies that are involved in health-related activities, according to a filing.
  • Some Firms Offer Employees Free Surgery
    • Lowe’s home improvement company, like a growing number of large companies nationwide, offers its employees an eye-catching benefit: Certain major surgeries at prestigious hospitals are free. How do these firms do it? With a way of paying that’s gaining steam across the health care industry.
  • How Telemedicine Is Transforming Health Care
    • Driven by faster internet connections, ubiquitous smartphones and changing insurance standards, more health providers are turning to electronic communications to do their jobs—and it’s upending the delivery of health care.
  • Average American 15 Pounds Heavier Than 20 Years Ago
    • There’s no doubt about it: Americans are getting heavier and heavier. But new U.S. estimates may still come as a shock — since the late 1980s and early 1990s, the average American has put on 15 or more additional pounds without getting any taller. Even 11-year-old kids aren’t immune from this weight plague, the study found.
  • Companies Expect Increase in Employee Health Costs
    • US employers expect health costs to continue rising by about 6 percent in 2017, a moderate increase compared with historical trends that nevertheless far outpaces growth in the economy, two new surveys show. Employers are changing tactics to address the trend, slowing the shift to worker cost sharing and instead offering video or telephone links to doctors and coaches.

1 CommentLeave a comment

Leave a Reply

%d bloggers like this: