One of the biggest cost-related challenges facing mid-sized companies today is employee healthcare. According to Wellable Labs, 72% of companies say that the rising cost of healthcare benefits considerably influences them.
It’s easy to see why.
After wages and salary, employers spend more on health insurance than any other benefit. In 2022, the average employer premium contribution was 80% for single coverage and 67% for family coverage. And these costs are projected to increase by 6.5% in 2023.
This stark reality has many companies looking for alternative ways to impact employee health while saving costs positively. One place to start is offering employee health screenings as part of a broader onsite employee well-being strategy.
Onsite health screenings typically focus on the early detection and prevention of chronic conditions and lifestyle-related health issues, including:
Onsite employee health screenings contribute to a healthier, more productive workforce and provide several related benefits to companies. Let’s take a closer look.
Health screenings can identify potential problems before they become serious, enabling employees to take preventative measures or seek early treatment. This can lead to better health outcomes for your team and reduced healthcare costs.
Healthier employees tend to be more productive and engaged at work. By addressing health concerns early, companies can minimize absenteeism, reduce presenteeism, and maintain a high level of performance.
Investing in preventive healthcare can help companies save on healthcare costs in the long run. Early intervention can reduce the need for more expensive treatments or hospitalizations, lowering insurance premiums and medical expenses.
Offering onsite health screenings demonstrates a company's commitment to employee well-being. This can boost morale, leading to higher job satisfaction, increased employee retention, and a more positive work environment.
By identifying and addressing health issues, companies can create a healthier work environment, reducing the risk of contagious illnesses and promoting overall well-being.
Depending on the industry and location, some companies may be required to provide health screenings to employees. Offering onsite screenings can help companies comply with these regulations and avoid potential penalties.
Aggregate data from health screenings can help companies identify trends or areas of concern within their workforce. This information can be used to develop targeted wellness programs, allocate resources more effectively, and make more informed decisions about employee health and well-being.
Prioritizing employee health and well-being can enhance a company's reputation, making it more attractive to potential employees, customers, and partners. It can also contribute to corporate social responsibility initiatives.
When you proactively address employee health issues, you’re creating a healthier, more engaged workforce, ultimately contributing to the organization's overall success.
For over ten years, NeoPath Health has been helping mid-sized companies reduce their healthcare costs by investing in employee-wellbeing. Our onsite employee health clinics offer a full spectrum of employee primary healthcare – including onsite health screenings. The goal of our services is simple: to help employers foster healthy workplaces from the inside out.
If you’re ready to invest in employee well-being, let’s start the conversation.