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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 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 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 »
“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 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 »
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 »
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 »