Oct. 1, 2009 (PR Newswire) -- ATLANTA, Oct. 1 /PRNewswire/ --
-- Taitel, wellness expert and vice president of the Alere® Center for
Health Intelligence, to present at 19(th) Annual Worksite Wellness
Conference
-- Presentation will highlight the importance of quantifying additional
wellness program value benefits, including higher productivity, reduced
short-term disability and increased job satisfaction
-- Makes the compelling business argument that wellness is good business
for employers and health plans
This past year, companies have struggled to keep their businesses operating with limited resources due to fewer people. As the remaining employees take on increased workloads and higher stress, many employers are realizing that they need to find ways to keep their workforces healthy and productive. Michael Taitel, PhD, vice president of the Alere Center for Health Intelligence at Alere LLC, a leader in personal health support solutions, will present the business case for why wellness programs are a good investment and highlight the importance of quantifying all wellness program value benefits at the Wellness Council of Iowa's 19(th) Annual Worksite Wellness Conference October 1 in West Des Moines, Iowa.
The one-day conference, "Partnering for Change: Building a Healthier Workforce," features nationally recognized experts who offer effective methods to enhance and retain participation, improve nutrition, enhance productivity, contain medical cost increases, apply incentives and achieve critical outcomes in health promotion.
In his presentation, "Creating a Road Map for Wellness ROI," Taitel will discuss why focusing on return on investment can be misleading and that businesses need to first understand the value of investment, or VOI. This includes other equally important performance indicators, or what he calls health and productivity value endpoints. He will show how to apply a range of wellness measurement methods in order to make a more compelling business argument for wellness to decision-makers.
"Historically, decision-makers have focused on healthcare cost savings as the only financial return from a wellness program investment," notes Taitel. "This excludes additional financial endpoints, such as higher productivity, reduced short-term disability and increased job satisfaction. In my presentation, I will show how employers can translate the impact that a wellness program has on these endpoints into more quantifiable financial savings."
Taitel has participated in groundbreaking research on wellness-related issues conducted by the Alere Center for Health Intelligence.
