discuss the importance of using both Return on Investment and Value on Investment in determining the best wellness programs to implement to help drive down health care costs, absenteeism, and presenteeism

HEALTH BENEFITS SURVEY
October 28, 2019 Off All,

To begin this assignment, look over the 2018 Employer Health Benefits Survey that provides information on the rising costs of health insurance to employers and employees, specifically turn to Section 1: Cost of Health Insurance. Also, read the article, Wellness ROI versus VOI, by Dr. Steve Aldana of WellSteps. Dr. Aldana discuss the importance of using both Return on Investment and Value on Investment in determining the best wellness programs to implement to help drive down health care costs, absenteeism, and presenteeism. See the area where three calculators are provided found at https://www.wellsteps.com/blog/2018/01/10/wellness-roi-employee-wellbeing-programs/. Watch the videos provided with the calculators for possible impact on health care costs, absenteeism, and presenteeism of wellness programs. (Adobe Flash is needed for viewing the videos). For each of the topics — health care costs, absenteeism, and presenteeism — run some numbers to see the impact that wellness programs might have on reducing costs. (It will be helpful for you use some of the numbers from the 2018 Employer Health Benefits Survey for costs of health insurance premiums. Plug in three scenarios for each of the three topics. The numbers used may be the same for each topic, or different. Try to use numbers that show significant differences when calculated, however.) Prepare three tables in Word (Insert>Table) to show the numbers you chose. Your table for each should be set up like this: Health Care Costs: Health Care Costs: Annual Health Care Costs Annual Cost Increase Number of Employees % of employees obese % that are smokers Target percent obese Target percent smokers Example H1: Example H2: Example H3: Absenteeism: Absenteeism: Annual Health Care Costs Annual Cost Increase Number of Employees % of employees obese % that are smokers Target percent obese Target percent smokers Example A4: Example A5: Example A6: Presenteeism: Presenteeism: Annual Health Care Costs Annual Cost Increase Number of Employees % of employees obese % that are smokers % of employees 1 or more risk factor. Target percent obese Target percent smokers Example P7: Example P8: Example P9: Write a 3 page narrative summarizing and analyzing the data. Do not merely repeat the numbers from your tables without analyzing the findings and making recommendations for employers (and employees). Include your tables along with your 3 page summary AND at least one graph to go along with each table. Be sure to indicate which example each graph belongs with. Cite any sources utilized.