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Executive lifestyles frequently include high
amounts of travel, lots of entertaining, little personal time
for exercise and a combination of high stress
and long hours. These factors place key executives at significantly
increased health risk.
The unexpected loss of even a single key executive
can cost a business thousands of dollars in lost productivity,
complications of turn-over, and loss of corporate knowledge.
Executive placement firms have estimated these costs to be
150% of the lost executives salary. Studies show that
70% of the burden of illness and its associated costs are
due to preventable conditions. Companies who havent
implemented executive health services and employee
wellness through targeted corporate health and wellness
programming experience unanticipated and avoidable cost.
Excess Health Care Costs
A study conducted by the independent Health Enhancement Research
Organization (HERO) evaluated the association between modifiable
risk factors and medical expenditures.
| Health Risk |
Excess Health Care Spending
|
| Overweight |
$1,295.00 |
| High Blood Glucose |
$1,573.00 |
| Depression |
$2,618.00 |
| Stress |
$1,229.00 |
| Tobacco |
$7,774.00 |
| High Blood Pressure |
$706.00 |
| Multiple Risk Factors |
$4,688.00 |

*Many individuals have
multiple risk factors. This represents the excess spending
associated with an employee who has 2 or more risk factors.
For individuals with 6 or more risk factors, health
care costs increase to as much as 8 times that of people without
health risks.
Source: Summex Health Management (2005)
The solution is to implement annual screening
for key executives to include comprehensive health assessment
with effective feedback to both the individual and the business.
An annual health
assessment seems to be the most defensible health benefit
because it can find health problems that, if undetected, could
result in an executives illness or death and derail
a company, at least temporarily (Dr. Steven Masley,
medical director of Carillon Executive Health). Due to the
amount of time spent in the workplace, this is one of the
most effective environments to encourage healthy lifestyles
and employee wellness
. The goal is to identify people who are relatively healthy
but at risk for developing serious and costly conditions through
corporate health and wellness programming and by isolating
specific health risks. Executives who are overweight but dont
yet have diabetes,
individuals who have unrecognized high
blood pressure but havent exhibited end organ disease
yet, or those who have high
cholesterol but havent developed heart
disease represent a major opportunity for savings. For
businesses, catching even a few health risks before they develop
into serious health conditions can result in significant savings
for the business as well as enhanced quality of life for the
individual. Reducing just one health risk factor in an individual
with multiple health risk factors can result in significant
health care savings.
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