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

다국어 초록 (Multilingual Abstract)

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

목차 (Table of Contents)

• Ⅰ. Introduction - What is Wellness?
• Ⅱ. Planning and Implementing a Wellness Program
• Ⅲ. Benefits of Implementing a Wellness Program
• Ⅳ. Concerns with a Implementing a Wellness Program
• Ⅴ. Methodology - Analyzing Investment Scenarios
• Ⅵ. Analysis of Results
• Ⅶ. Summary and Recommendations

참고문헌 (Reference)

1 Katherine Baicker, "Workplace Wellness Programs Can Generate Savings"

2 Leonard L. Berry, "What’s the Hard Return on Employee Wellness Programs?"

3 Sullivan, Stephanie, "Wellness Programs"

4 David Hunnicutt, "Welcoa's 7 Benchmarks of Success" 6 (6): 2006

5 Corbin, C. B., "Toward a Uniform Definition of Wellness: A commentary" President’s Council on Physical Fitness and Sports 1-8, 2001

6 GlaxoSmithKline, "The Wellness Program with Proven Results"

7 Bruning, William L., "South Florida Business Journal"

8 Paul B. Handel, "Senior VP and Chief Medical Officer, Health Care Service Corporation" 2008

9 Dyann Matson Koffman, "Reducing the Risk of Heart Disease and Stroke: A Six-Step Guide for Employers"

10 Litvan, Laura, "Preventive medicine - wellness programs"

11 Hethcock, Bill, "Portland Business Journal"

12 Health America, "News update-may 29, 2009"

13 Kaiser Family Foundation, "News Release"

14 AEGON Global Pensions, "Longevity and Pensions - Protecting company pensions against increasing longevity"

15 Roberts, Mark, "Live Well and Be Well"

16 Hethcock, Bill, "Implement Wellness Programs Carefully"

17 Srivastava, Samar, "Facing High Heath-Care Costs, Companies Turn to Wellness Programs"

18 Leepson, Marc, "Does wellness really work? - company health programs"

19 Health America, "Discount Programs. © Copyright 2008-2012 Coventry Health Care"

20 Definition of Wellness, "Definition of Wellness"

21 "Collins English Dictionary - Complete & Unabridged 10th Edition"

22 Mochari, Ilan, "Belt-tightening Can coaxing employees to live healthy lives help keep the bottom line in shape?"

23 Noelcke, Liz, "Advantages of Workplace Wellness Programs"