AI-Powered Analytics Will Predict Health Events and Lower Costs Workplace wellness is a multi-billion-dollar industry and the Internet is flooded with articles hyping the latest must-have trends to corporate teams. From in-house chefs to company-wide meditation retreats, many of these “trends” are akin to putting a Band-Aid on a broken arm: they make a nice social … Read more5 Health Management Trends Execs Need to Know in 2019
The following article is provided for educational and informational purposes only, and should not be construed as legal advice. An attorney should be contacted for specific legal guidance. On the surface, financial incentives to encourage employee participation in a corporate wellness program may sound like a no brainer. Employees are rewarded for making healthier lifestyle … Read moreCorporate Wellness Program Incentives: Can Companies Use Financial Rewards to Incentivize Health Data Disclosure and Program Participation?
Businesses that want to boost their bottom line in 2019 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 … Read more3 Employer Health Trends to Watch in 2019
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 … Read morePrestigious 20th Annual Employer Health Conference Provides Takeaways In a New Health Care Era
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, … Read moreWellco’s Foster to Keynote NBCH National Conference
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 … Read moreWhen Success Became Excess
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 health … Read moreHealthcare Heats Up At Detroit Radiant Products Co.
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 … Read moreAltering business model can help – but don’t do it lightly
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 … Read moreMetrics matter: Wellco Corp.
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 … Read moreWellness ROI data is conflicting, expert says