The Benefits And Challenges Of Demonstrating Return On Investment (ROI) For Workplace Wellness Initiatives | 3176
Journal of Community Medicine & Health Education
Like us on:
Our Group organises 3000+ Global Conferenceseries Events every year across USA, Europe & Asia with support from 1000 more scientific Societies and Publishes 700+ Open Access Journals which contains over 50000 eminent personalities, reputed scientists as editorial board members.
Workplace wellness initiatives are a popular approach to enhancing employee health. Employers benefit from reduced
absenteeism and presenteeism, a healthier workforce, and the ability to monitor and manage interventions delivered at
the workplace. In the current fiscal environment, employers may require a high expected return on investment in order to ensure
it is efficiently allocating scarce resources. However, the data and methods required to produce rigorous return on investment
studies may differ from standard approaches to the evaluation of occupational health programs. This presentation will use real
world examples to motivate the importance of return on investment calculations. These examples will then serve as a basis for
demonstrating the additional data required to perform a return on investment study. Simple calculations of internal rate of return
(IRR) and dollars saved per dollar invested will be shown to demonstrate methods used to calculate ROI. Finally, the presentation
will conclude with examples of how occupation health researchers can collaborate, and partner with, researchers who utilize
health finance, in order to perform ROI calculations.
Robert D. Lieberthal received his PhD from the University of Pennsylvania through The Wharton School?s Health Management and Economics program. He is an assistant professor at Thomas Jefferson University?s Jefferson School of Population Health and a member of the school?s Center for Value in Healthcare. He has published in journals including Health Affairs and Health Services Research, serves on the editorial board of Population Health Management, and serves a reviewer for Health Services Research, Medical Care, and the International Journal of Health Care Finance and Economics.
Peer Reviewed Journals
Make the best use of Scientific Research and information from our 700 + peer reviewed, Open Access Journals