It’s no secret that offering good health insurance helps companies attract top talent, but insurance shouldn’t be the only thing that employers consider when thinking about their employees’ health. Rather than just paying for healthcare expenses, more employers are taking active roles in their employees’ health through workplace wellness programs, health monitoring initiatives, and options that give their employees better health access.
These programs are proving to not only enhance the quality of employee health, but also the health and bottom line of the companies that enlist them. Here are three key benefits of company health programs and ways a PEO can help business leaders made employee health a priority.
Benefits of Company Health Programs
1. Lower Healthcare Costs
Employees with unhealthy lifestyles are more expensive to insure, with insurance companies charging higher premiums for smokers, diabetics, or individuals who are overweight or experience other high-risk factors. Wellness programs can help reduce these risks among employees. Another way to reduce costs is to give employees better access to preventative and basic care through telehealth programs, which give people quick and easy access to a physician.
2. Productive Employees
It’s a simple fact: Employees who feel well perform well. Businesses that promote health in the workplace are making an investment in their company’s productivity and bottom line. Not only do healthy and happy workers do better at their jobs, but workplaces with some kind of wellness program have a higher percentage of employees who show up every day. Wellness programs reduce the need for employees to use sick days and help keep employees focused on their jobs.
3. Increased Morale
Employees who feel valued by their employer are significantly more likely to stay at their jobs and to put more effort into their work. Emphasizing employee health is one of the best ways to show everyone at work that the company cares about their workers’ well-being. Wellness programs can serve as leverage when hiring new talent and help retain high-performing employees.
How a PEO Can Help Your Employees’ Health
While employee health should be a priority for any business, structuring a wellness program or paying for desirable benefits might be out of reach for many companies. Using a Professional Employer Organization (PEO) can give companies these benefits without burdening their HR departments. PEOs are comprised of HR specialists who are able to take on everything from daily HR tasks to payroll to managing special programs and benefits.
Because PEOs represent numerous companies, they are also able to negotiate better benefits for their clients than may normally be available for a company of their size. Here are two health-related benefits that a PEO like LBMC Employment Partners could help bring to your employees.
1. PhysicianNow Telehealth
With long waits, high prices, and time spent around contagious sick people, doctor visits are something that no one enjoys. Going to the doctor can take up a whole day, making some employees with health insurance choose not to go at all. Because healthcare is one of the top concerns for people, LBMC Employment Partners has taken steps to add a convenient way to see a doctor at no additional costs to our PEO clients.
Since 2016, LBMC EP clients have had access to PhysicianNow, a service that gives customers access to a doctor by phone or video instantly. The service provides a “national network of board-certified and locally-licensed family and pediatric physicians who can diagnose, recommend treatment, and prescribe medication when appropriate.”
2. Fitness Your Way by Tivity Health
The best way to keep employees happy and healthy is to give them access to top-notch exercise facilities, but building a company gym isn’t an option for every business. Through Blue Cross Blue Shield’s Fitness Your Way by Tivity Health, customers have access to over 10,000 gyms nationwide for only $29/month. The service also gives customers up to 30 percent off specialty health service providers like chiropractors, acupuncturists, massage therapists, personal trainers, yoga instructors, and more.
Using these types of services benefits both your company and your employee. Contact us to learn more about how LBMC EP can help your company care for your employees’ health.