Wellco News

3 Employer Health Trends to Watch in 2017

Businesses that want to boost their bottom line in 2017 need look no further than their employee health and benefits Strategy. More than 50 scientific, peer-reviewed studies underscore the correlation between investing in employer health and improved financial performance. Most recently, researchers found that companies with award-winning wellness programs also have award-winning stock prices, outperforming... Continue Reading »

4 Health Insurance Changes Coming in 2017

2017 is right around the corner and with it are major changes to employer health care laws. President-elect Donald Trump, who campaigned on a commitment to repeal the Affordable Care Act (ACA), is continuing to make the end of Obamacare a centerpiece of his transition team. Trump has still not released a detailed proposal for an Obamacare replacement, but his nominee for secretary of health and human... Continue Reading »

What the End of Obamacare Means for Business Leaders

After a turbulent election season, all eyes on are now on the President-Elect Donald Trump and Speaker of the House Paul Ryan for health care reform. Trump and Republicans in Congress made repealing and replacing the Affordable Care Act (“Obamacare”) a signature campaign issue. While Trump avoided offering specifics during the campaign, he did stress the importance of health savings accounts and... Continue Reading »

What Employers Need to Know About State-Level Healthcare Reform

As Election Day gets closer, health care reform continues to make headlines. Recently, Democratic candidate Hillary Clinton outlined her plan for health care reform in the New England Journal of Medicine (NEJM). Clinton’s plan would modify the Affordable Care Act (ACA) with a series of tweaks to reduce out-of-pocket costs for individuals and families. According to NEJM, Republican candidate Donald... Continue Reading »

The Presidential Election & Health Care Reform: What Every Business Leader Needs to Know

From the future of the Affordable Care Act to how to control soaring pharmaceutical costs, health care is one of the biggest issues in this year’s election. The US spends more on healthcare than other high-income nations but for less effective care, according to reports. Both Democrats and Republicans are pushing for reform. But when it comes to the specifics of these reforms, Democrats and Republicans... Continue Reading »

Prestigious 20th Annual Employer Health Conference Provides Takeaways In a New Health Care Era

The 20th Annual Conference of the National Business Coalition on Health, held November 16-18, 2015, in Dallas, brought together an extensive array of key health care stakeholders. The conference focused on improving health outcomes and reducing excessive cost by benefit design, enhanced care management, payment reform, and reducing waste.

Employer health leaders gathered around the theme:... Continue Reading »

Wellco's Foster to Keynote NBCH National Conference

The National Business Coalition on Health (NBCH) has confirmed the closing keynote speaker for their 20th Annual Conference.  Scott Foster, Wellco President, will be presenting.  The theme of the conference is Achieving Health Care Value: No Purchaser is an Island.  The conference will be held November 16-18, 2015 in Dallas, TX.

You can learn more, including registration and speaker information, by following this link... Continue Reading »

When Success Became Excess

Scott Foster had one of those "be careful what you wish for" years.

His company, Wellco Corp, was featured in Crain's Stage 2 Strategies in July for its work in turning the company's business model on its head.

Wellco moved away from its traditional business of setting up employer wellness programs to using software to analyze employer's entire health care programs. ... Continue Reading »

Healthcare Heats Up At Detroit Radiant Products Co.

As a global provider of energy efficient heating solutions since 1955, Detroit Radiant Products Co. (DRP) recognizes the importance or continuous improvement and education. DRP provides educational theme summers to address important topics and complement corporate culture in between busy manufacturing periods.

DRP wanted data points to address unknown employee health conditions and increasing... Continue Reading »

Altering business model can help – but don't do it lightly

Businesses call Scott Foster when they want to provide employees with the perk of a wellness program — and gain a little insight of their own. Foster's company, Wellco Corp., has created preventive health care regimens since 1996, providing clients with the tools to analyze their overall health care benefits and costs.

But the health care world has been changing, and Foster knew he... Continue Reading »

Metrics matter: Wellco Corp.

A rising star in the crowded health care consulting galaxy, Wellco is making a name for itself by leveraging data to fix companies’ wellness programs and reduce overall health care costs.

Health care costs have been increasing at an annual rate of 10 percent or more, points out Scott Foster, founder of Wellco, which is based in Royal Oak, Mich. “What’s more, the average employer... Continue Reading »

Wellness ROI data is conflicting, expert says

Companies that dig into research on wellness programs will find about 50 studies that show they are effective but others that do not, said Wellco president Scott Foster. He said well-run programs should at least break even but a company's decisions about adopting a program should be based on its definition of wellness and a belief that a healthy workforce brings value to the organization. ... Continue Reading »

The Good, The Bad and The Ugly Truths About Wellness ROI

A firestorm of health and wellness controversy is rising.   95% of health and wellness initiatives aren't working, according to 2 recent reports by RAND Corporation.  Wellco President, Scott Foster's latest column evaluates the research and hype for organizations that want to know what works best.  Digging deep into facts about wellness programs can help you understand the choices your business... Continue Reading »

Knowledge Economy - Wellco's Diversification is Paying Off

Corporate health and wellness have taken on urgency, but were almost unheard of when Wellco was founded in 1996.  Today, Wellco, as a knowledge-based economy company, have gotten less lonely.  As a result, talent and resources are easier to come by.  Wellco's diversification was recently featured in Prosper Magazine.

Prosper is a magazine about economic development in Oakland County,... Continue Reading »

Wellco Recognized As Leader and Innovator by WJR

Wellco President, Scott Foster, was recently recognized as a Leader and Innovator
Lawrence Technological University, WWJ Newsradio 950, and the Technology Report sponsor the Leaders & Innovators program to recognize Michigan-based leaders and innovators who demonstrate unique abilities or create extraordinary ideas or products that enhance their profession and strengthen and diversify Michigan's economy.
You can learn more by following this link.... Continue Reading »

Wellco Awarded As Economic Bright Spot

Wellco of Royal Oak, MI, has again been named one of Michigan's Economic Bright Spots by Corp! Magazine.   This year marks the fourth time the company has earned the award.

Indeed, in good times, bad times and in between—those periods of economic recovery during which we take a deep breath or two in hope—there remain standout businesses that almost can't help themselves but be successful.Continue Reading »

Why it Pays to Redefine Your Wellness Program Featured in Corp! Magazine

“Wellness,” said Dan Rather on a 1979 episode of 60 Minutes, “There’s a word you don’t hear every day.” Since that fateful moment in television history, wellness has moved from a fringe concept that was rarely uttered in conversation into a word that is heard regularly in interpersonal conversations, media, and in business, medical journals and publications.

Corporate... Continue Reading »

Wellco to add five for wellness work

Wellco Corp., based in Royal Oak, has been developing health and wellness programs for companies for the past 17 years. It’s seen its revenue grow by more than 30 percent over the past year as more employers implement programs to lower their overall health-care costs and improve productivity. To keep up with its growth, the company will hire five employees this year.

Read the article in Just Good News by following this link.... Continue Reading »

Wellco's ROI Innovation Strategies Radio Interview

Business Next provides small business owners workable, down-to-earth advice on how they can be more successful and profitable.  In this interview, Wellco President Scott Foster talks about how companies can achieve ROI using the WellCompanies ROI Assessment and evidenced-based strategies.  WellCompanies improves outcomes by measuring and advancing key, evidenced-based criteria.  The show is hosted... Continue Reading »

7 Promising Corporate Health and Wellness Trends Featured in Corp! Magazine

Don't let your wellness program fall behind.

In the words of actress Lauren Bacall, "Standing still is the fastest way of moving backwards in a rapidly changing world." Businesses today face many challenges in their efforts to keep moving forward. One of the most pressing, especially for companies with their eyes on the future, is to offer a strong employee health and... Continue Reading »

"Wellco does much more than provide corporate health and wellness programs. Wellco fixes health and wellness programs. As a result, we have decreased our medical costs by more than 15%."

Carol Gatewood, President, AJ Danboise

"After working with Wellco we saw a 32% improvement in the overall health of our employees. Wellco makes measurably improving wellness outcomes and engagement very easy.”

Stephen Bindon, President and CEO, Trijicon

"The HealthHammer system saved us more than $200,000. HealthHammer is better than programs that cost 3 times as much."

Robert Casalou, Health System President

"HealthHammer is the best and most powerful health risk appraisal and management system on the planet. Wellco has provided a 288% return on investment through reduced medical costs. "

Larry Gaynor, President and CEO, tng worldwide

"The bottom line is that the ClaimTamer and HealthHammer wellness systems have returned at least 162% of our investment by reducing our medical costs."

Tobye Stein, Executive Vice President (retired), CO-OP Network

"HealthHammer is the most valuable benefit we have ever provided to our staff."

Brad Frederick, CEO, Media Genesis

"HealthHammer helped us achieve the unheard of 100% participation. As a result we're on our way to a 4:1 return on investment."

David Boduch, Director of Internal Operations, DMI

" Wellco's return-on-investment is as close as you can come to a sure thing."

Sean J. de Four, COO, Judson Center

"HealthHammer sets the standard for health care ROI. Any business without HealthHammer is missing a real treasure."

Steve Rosser, Vice President, Johnston Lewis Associates

"Wellco is the best choice for businesses looking for measurable health care opportunities and wellness program ROI."

Dave Galli, Vice President, TapeMaster

"Wellco provides measurable outcomes that are critical to focus employee health efforts."

Craig Mulhinch, Vice President, Bosco's Pizza Co.

"Your programs are dynamite!"

David Bond, Senior Partner, Wiklund & Bond Financial Services

"There's no more using work as an excuse to avoid the doctor."

The Detroit News

"Meet the leaders."

Detroit Free Press