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      • Cost Saving Strategy and Wellness Programs Featuring Decision Tree, Utility and Analytical Hierarchy Analysis

        James Powers,Mehmet C. Kocakü,,h People&Global Business Association 2015 Global Business and Finance Review Vol.20 No.2

        Paying for healthcare is a challenge for employers and employees alike. As companies strive to find ways to reduce costs, comprehensive wellness programs are one way to control rising health care premiums. Healthy employees require less medical attention and are they less costly to insure. Cost savings are measured uantitatively and qualitatively. Here we are going try to make clear in analysis that positive financial returns on investment in a wellness center facility are possible. The exploration will also demonstrate decisions that go beyond ROI. To gain insight into probable outcomes, decision tree methods, Bayes’ Theorem, utility analysis, and analytical hierarchy process methods are used. Analysis from multiple perspectives, using various approaches, may result in to help decision makers more informed decision. Wellness programs increase productivity, reduce absenteeism, and create a happier work environment. Taking care of employees and encouraging wellness in our companies is the right thing to do and increase profitability

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