Cost Savings Analysis
Executive Summary
Sutter Health's Live Well for Life program offers a variety of worksite wellness products and services to identify and address health risks in your workforce to improve health, lower costs and enhance productivity.
Our programs are scalable and customizable solutions for decreased absenteeism, and a healthier workforce.
Contact us to learn more about our no- to low-cost or comprehensive wellness coaching programs.
This study shows the potential savings for:
- Medical and pharmacy costs
- Decreased absenteeism, including short-term disability (STD)
- Improved presenteeism
The cost savings estimates were developed from a wide variety of published studies and internal Towers Perrin information. The general savings estimates were then applied to the specific program design and personal coaching delivery of the Live Well for Life program.
Current year savings estimates from Live Well for Life coaching programs for a typical employee population is shown to the right for two salary scenarios.
Given that an average employer cost of medical plans for 2007 is projected to be $8,796 per employee, the 2007 medical savings represents about 2.5% per employee. Absenteeism and presenteeism savings is about 1.9% of pay.
