What you'll learn
Estimate total spending and benefits from wellness and related activities.
Recognize how to critically analyze savings reports presented by vendors and benefits consultants.
Requirements
Prerequisite: Exposure to wellness programs
Advanced Preparation: None
Description
This course introduces financial professionals to "real" wellness ROI measurement, which usually yields the opposite result from what your Human Resources department is telling you (and what they in turn are being told/sold by their consultants and vendors). As the department that is ultimately responsible for healthcare spending, you can't allow yourselves to be "shown savings" that don't exist.We demonstrate exactly how to question those "savings" and determine if, indeed, there is any value in this expenditure, which - including incentives, program expense, screening, consulting fees, management time, and extra doctor visits and testing - can easily exceed $600/employee/year. We also discuss whether medicalizing the workplace may even be harmful to employees and highlight how to closely supervise the entire organization on this topic with the tools, knowledge and links this course provides.
Overview
Section 1: Introduction
Lecture 1 Introduction to Measuring the ROI
Lecture 2 Warm Up Numbers and Statistics
Lecture 3 Wellness Spending and Saving Calculation
Lecture 4 Ethics of Wellness
Lecture 5 5 Ways Vendors May Take Advantage of YOU
Lecture 6 Course Summary and Conclusion
Section 2: Supporting Materials
Lecture 7 Slides: Measuring the ROI from Wellness Programs
Lecture 8 Measuring the ROI from Wellness programs Glossary/Index
Section 3: Review and Test
Anyone interested in Accounting, Finance, or Bookkeeping.


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