September 29, 2008
Hospital-Led Wellness Programs Help Employers Reduce Health-Related Costs
NASHVILLE, Tenn., Sept. 29 /PRNewswire/ -- Hospitals can play an important role in helping employers reduce their healthcare costs by forming partnerships to manage and improve the health of employees. That finding, based on nearly 20 years of tracking such partnerships in hundreds of markets nationwide, was reported by Henry Ross, CEO of Aegis Health Group, during a joint presentation with Loma Linda University Medical Center (LLUMC) at the annual Society for Healthcare Strategy and Market Development (SHSMD) conference in San Francisco.
"Health-related issues are the number one cause of lost productivity, and employers are hungry for ways to mitigate escalating healthcare costs," said Ross. "As advocates in health, hospitals are perfectly positioned to fill this niche; and evidence shows that they can be effective doing so."
LLUMC, one of the nation's early adopters of employer-based wellness programs, has formed partnerships with more than 400 Southern California companies, representing nearly 140,000 employees. The program includes personal health profiles (risk-assessment surveys), health information centers within the work sites, screenings and on-site educational classes conducted by members of the hospital's medical staff and others.
"By bringing proactive measures to the work site aimed at drawing at-risk employees into appropriate hospital-based programs, LLUMC's employer partners are saving real-time dollars in employee health costs, reduced absenteeism, group health and workers' compensation premiums, and other healthcare-related expenditures," said Ross.
During their presentation entitled "Employer-Directed Initiative Leads to a Healthier Bottom Line," Ross and LLUMC Executive Director of Marketing Tammy Veach explored the business case for strategic workplace wellness programs:
-- Employers need help mitigating escalating health-related costs.
-- The demand for disease-management and disease-prevention programs has increased.
-- A growing number of employers are willing to make an investment in the health of their employees because they see the potential bottom-line impact.
-- Hospitals are in an advantageous position to provide leadership in their local communities.
-- Hospitals taking the lead on health-management (wellness) programs are seeing upwards of a 2:1 return on investment.
"Hospitals and employers can be true partners in solving the crisis of rising healthcare costs by working together and aligning their incentives," said Ross. "The real winners of course are the employees and their families who remain healthy, productive and more fulfilled in their lives."
The presentation is available to view on Aegis Health Group's Web site at http://www.aegisgroup.com/.
About Aegis Health Group
For nearly 20 years Aegis has helped hospitals across the country form lasting relationships with area employers while improving the health of the workforce. Aegis' program can currently be found in more than 60 healthcare organizations and 4,000 employer sites across the country. No other company has been able to match Aegis' breadth of services, track record and bottom- line proven performance when it comes to building relationships between hospitals and area employers. Further information may be obtained at http://www.aegisgroup.com/.
Aegis Health Group
CONTACT: Carol Stevenson for Aegis Health Group, +1-818-597-8453, x3, [email protected]
Web site: http://www.aegisgroup.com/