What's the ROI on Executive Health Programs?
Numerous studies show that company-sponsored health programs can help employees and executives live healthier lives. Research also show such programs can return benefits to companies.
When your employees are home sick, they can’t produce for your company. That lost productivity costs companies 2.3 times more than medical and pharmacy bills do, according to a study in the Journal of Occupational and Environmental Medicine.
Even when employees are present—but not at their best—the productivity losses are substantial. Employees who showed up to work sick were 16 percent less productive than when they were well, according to another study.
In a classic study of Dow Chemical workers, employees who were present but sick actually cost the company more than employees who were out sick. And Dow Chemical employees with common illnesses like depression, anxiety, migraines, respiratory illnesses, arthritis, diabetes and back and neck pain had performance levels 10 to 20 percent lower than healthy counterparts.
Having a key executive out due to illness can be even worse. Recent research shows that the sudden death of a top executive affects not only productivity but also reduces sales and the value of company assets by 50 percent, regardless of the size and age of the company—the more important the employee is the greater the potential loss.
A Proven Model
While no corporate health program can eliminate all absenteeism due to illness, you can give your key employees an advantage—membership in TeleMedVIP. Give your employees access to health care 24/7, regardless of their location. Give them the convenience of not having to leave home or work to be seen by a doctor.