As Executive Director of Human Resource of a local college, Wade Larson started looking at ways to not only increase the health of all of the employees, but to also save the college money. He started a five-year case study to find ways to incentivize employees to get healthy. Within three years, they were able to renegotiate for lower premiums with their insurance carrier just based on significantly lower claims! Two years later, the college estimated that they saved over $2.5 Million on premiums alone, making their employees healthier and happier in the process.
Based on his experience helping other companies using his “workplace wellness” concept, Wade founded his company, Wellness Your Way. Wade’s concept is designed to help both companies keep their bottom line down while helping employees become healthier, happier and more productive. Regardless if you are a CEO of a company or an employee, Wade’s tips can help create change in your workplace.
In This Episode, You’ll Learn
- The difference between fully funded insurance programs vs self-funded programs
- Three benefits Wade’s program can give to employees
- The financial benefits to both Employees and Employers
- That individuals and companies price shop for everything, why not healthcare?
- The two questions that everyone should ask before traveling for healthcare
The Onwards Medical Breakthrough
Published in Nature by the University of Washington, there is a study titled “Stem Cell Therapy Regenerates Heart Muscle Damaged by Heart Attacks in Primates”. This study found that it is possible to produce sufficient amounts of heart cells from embryonic stem cells and use them to remuscularize damaged heart muscles. While this study has only been done on large primates, it is estimated that within 4 years, human clinical studies should be commencing.
You can learn more about this discovery at this link.