Why bringing illnesses into the office is worth it
For fear of infecting your entire department, you’d never encourage a sick Finance employee to come into the office. But what if you could cut costs by bringing healthcare functions on-site?
The big boys are doing it — companies like Toyota, Pepsi and Sprint Nextel are seeing major savings (for employer and employee alike) by bringing health clinics on-site. They handle routine services like flu and allergy shots, check-ups and programs for common, chronic diseases like diabetes and asthma. A few are even committing to long-term programs for weight loss and smoking cessation.
But if your company doesn’t have the massive resources of these businesses — and let’s face it, most don’t — there’s still the option of contracting the function out to a nearby, off-site clinic. It won’t be quite the same as having employees stop by before or after a shift to take care of their medical needs, but it still gives them a centralized place to find anything they need.
A report from Watson Wyatt and the National Business Group on Health found that 29% of companies either have or plan to an offer on-site health center, and that 70% of those companies cited “reducing medical costs” as the main reason for doing so.
How much can a company expect to save? Plenty, and it won’t take too long to see it: On-site programs should expect at least a 3:1 return on investment within the first three years of its introduction. That includes lowered healthcare costs for both a company and its employees and the increase in productivity from fewer employee sicknesses.
Free Training & Resources
White Papers
Provided by Anaplan
White Papers
Provided by Personify Health
Further Reading
While the IRS can assess penalties under the Affordable Care Act (ACA), it can’t issue the certifications required beforehand, a court ha...
401(k) investment plans remain one of the best ways for Americans who are living well into their 70s and 80s to afford retirement. After al...
The Department of Labor (DOL) is once again taking a neutral stance on offering a certain investment option to retirement plan participants...
With benefits costs climbing and new laws like SECURE 2.0 adding complexity, viewing employee benefits as a simple fixed cost is an outdate...
What company wouldn’t opt for an employee benefit that helps new families out and pays for itself in various ways? A recent report on...
On Aug. 7, 2025, President Trump signed an executive order expanding 401(k) plans’ ability to include alternative investments – such as...