Vitals7.com Improves Employee Health and Delivers Cost Savings for Employers and Insurers
With an annual cost of $300 per employee, Vitals7.com provides up to 12 telehealth consultations per year, along with access to holistic health tools like Ayurveda, Yoga, and real-time health monitoring. Here are 10 use cases demonstrating how Vitals7.com can improve employee health and deliver significant cost savings for employers and insurers, along with ROI metrics:
1. Reduced Absenteeism
Use Case: Employees use Vitals7.com’s telehealth consultations and preventive care programs to address health issues early, reducing sick days.
ROI:
Average cost of absenteeism per employee: $1,685/year (CDC).
Reduction in absenteeism: 20%.
Savings per employee: $337/year.
2. Lower Healthcare Costs for Chronic Disease Management
Use Case: Employees with chronic conditions like diabetes or hypertension use Vitals7.com’s remote monitoring and personalized care plans to manage their health, reducing emergency visits and hospitalizations.
ROI:
Average annual healthcare cost for employees with chronic conditions: $6,032.
Reduction in costs through preventive care: 15%.
Savings per employee: $905/year.
3. Improved Mental Health and Reduced Burnout
Use Case: Employees access Yoga, meditation, and mental health consultations to reduce stress and burnout, improving productivity and reducing turnover.
ROI:
Cost of employee turnover: 20% of annual salary (average salary: $50,000).
Reduction in turnover: 10%.
Savings per employee: $1,000/year.
4. Preventive Care and Early Detection
Use Case: Employees use Vitals7.com’s predictive analytics and health monitoring tools to detect potential health risks early, avoiding costly treatments.
ROI:
Average cost of treating preventable diseases: $3,000/year.
Reduction in preventable diseases: 25%.
Savings per employee: $750/year.
5. Reduced Emergency Room Visits
Use Case: Employees use telehealth consultations for non-emergency health issues, reducing unnecessary ER visits.
ROI:
Average cost of an ER visit: $1,389.
Reduction in ER visits: 1 visit/year.
Savings per employee: $1,389/year.
6. Lower Prescription Drug Costs
Use Case: Employees receive personalized Ayurvedic and lifestyle recommendations, reducing reliance on expensive prescription drugs.
ROI:
Average annual prescription drug cost: $1,200.
Reduction in prescription costs: 10%.
Savings per employee: $120/year.
7. Increased Productivity
Use Case: Healthier employees are more engaged and productive, leading to higher output and fewer errors.
ROI:
Average productivity loss due to poor health: $1,685/year.
Improvement in productivity: 15%.
Savings per employee: $253/year.
8. Reduced Workers’ Compensation Claims
Use Case: Employees use Vitals7.com’s stress management and injury prevention programs to reduce workplace injuries and claims.
ROI:
Average workers’ compensation cost per employee: $1,000/year.
Reduction in claims: 10%.
Savings per employee: $100/year.
9. Lower Insurance Premiums
Use Case: A healthier workforce leads to lower group insurance premiums over time.
ROI:
Average annual insurance premium per employee: $6,000.
Reduction in premiums: 5%.
Savings per employee: $300/year.
10. Enhanced Employee Retention
Use Case: Offering Vitals7.com as a wellness benefit improves employee satisfaction and loyalty, reducing recruitment and training costs.
ROI:
Average cost of replacing an employee: $15,000.
Reduction in turnover: 10%.
Savings per employee: $1,500/year.
Total ROI for Employers and Insurers
Use Case
Savings per Employee/Year
Reduced Absenteeism
$337
Lower Healthcare Costs (Chronic Care)
$905
Improved Mental Health
$1,000
Preventive Care
$750
Reduced ER Visits
$1,389
Lower Prescription Drug Costs
$120
Increased Productivity
$253
Reduced Workers’ Compensation Claims
$100
Lower Insurance Premiums
$300
Enhanced Employee Retention
$1,500
Total Savings per Employee/Year
$6,654
Cost-Benefit Analysis
Annual Cost per Employee: $300 (for 12 telehealth consultations and access to Vitals7.com’s holistic health tools).