“Penny wise and pound foolish,” runs the often-repeated saying. This pearl of wisdom is particularly relevant in preventing, managing, and treating diabetes: By taking shortcuts today, your organization or client may create costly healthcare problems. To understand why it’s worth exploring the metric of Value on Investment and how it applies to diabetes management.
Diabetes statistics are significant:
- One out of three people with pre-diabetes will develop diabetes.
- Healthcare costs for individuals with diabetes are twice that of the general population.
To address this public health crisis, the American Diabetes Association recommends a proactive, preventive strategy. Experts counsel organizations to identify those at risk before symptoms develop. The sponsorship of education and lifestyle modification programs supported by Registered Dietitians and Certified Diabetes Care & Education Specialists is a wise investment in the workplace.
Wellness Coaches offers a CDC-approved diabetes prevention program, which provides participants with access to the right experts, in the right place, at the right time. The math makes sense. Costs follow risk, and on the flip side, mitigating risk reduces costs. This is particularly evident when the balance sheet is viewed through the lens of the Value on Investment (VOI).
What is VOI?
VOI has become pertinent to the health and wellness conversation because it encompasses all the intuitive benefits that we know to be true for a healthier workforce, such as increased morale and retention, decreased sick days, increased productivity, improved retention, or enhanced workplace safety. Rob Putnam, Wellness Coaches CEO, explains how the VOI debate has evolved:
“It’s become more than just a buzzword. When a company does a well-being program right, employee engagement is high, the population’s health risks are reduced, and the program can maintain these outcomes year after year. Since it is well established that costs follow risks, the path to success can be easily defined. However, VOI measurements can go further than this as more inputs are measured. For example, it is no secret that as employees improve their health across the population, employee morale and job satisfaction improve, employees inherently become more productive, and the overall culture of the organization benefits greatly.”
Contact us today to learn how our diabetes prevention, management, and treatment programs can impact you or your client’s bottom line.