Supporting business decisions and spend,
by way of proven ROI calculations
Let’s take the first step together so we can support
your business needs.
Choose your industry
Everyday someone challenges the budget of health & wellbeing solutions.
Clinical outcomes alone won’t help demonstrate value.
It’s time to make Wellcast ROI© part of your business case and show the real financial outcomes of your programmes.
ROI Calculator
Pharmacological Products
Calculate the ROI of Medications, Hospital Supplies, and Diagnostic Equipment.
Corporate Employee Benefit Consultants
Design the most effective wellbeing strategic plans to boost your clients’ ROI
Employee Assistance Programmes (In-house)
Provide automated EAP ROI reports for your in-house programme.
Employee Assistance Programmes (Providers)
Provide automated EAP ROI reports for every customer, easily and efficiently.
Managed Care Programmes (for Medical Schemes)
Justify the budget for all health, wellbeing & safety interventions.
NORMATIVE DATABASES INCLUDED
Develop Instant ROI Reports
With minimum data input
- Provides unsurpassed and accurate ROI
- Adjusts ROI calculation automatically to the specific population and specific solution
- Consistent methodology, personalized results
Generate ROI´s by utilising researched normative data specific to each ROI Calculation. Our software considers all costs associated with physical and behavioural conditions, providing an unsurpassed and accurate ROI of your healthcare programmes.
- Productivity contributions by country, industry, region, and occupation. Please note that salary (which is commonly used in ROI calculations) is a poor substitute for productivity contribution. These productivity data are developed by our team of economists, utilizing the latest econometric tools and country specific economic data bases, and are utilized in the calculation of presenteeism and absenteeism costs for each physical and behavioral condition.
- Medical and health plan premium inflation rates, which are used to calculate future medical treatment costs.
- Discount rate, which is used to calculate the opportunity cost of capital invested in the prevention program and the present value of future cost savings.
- Average relocation and training costs, used to calculate the cost of turnover due to conditions.
- Prevalence rates of conditions, developed by our team of epidemiologists.
- Absenteeism and presenteeism rates. These researched data are unique to each type of condition.
- ROI Calculation algorithms, which are used to calculate the Internal Rate of Return, Net Present Value, and Cost Benefit of each preventive care program.
- Average relocation and training rate. Not all employers relocate and train employees at the same rate.
- Average disability cost and rate. Disability plans vary by employer.
- Average accident cost and rate. Several conditions could result in accidents; however, the cost of accidents very greatly by employer and industry.
- Permanent employee replacement rate. Not all conditions require employers to replace employees.
- Percent of cases requiring medical attention. Not all conditions require medical treatment.
- Programme effectiveness rates, which are used to calculate cost savings, and which very by programme and condition.
Accurately measure your return on investment
Obtain approval for your Health and Wellness programs? Create a compelling business case for wellbeing activities at work, there is no need to figure out complex KPIs, formulas, or multiple scenarios. Simply use WELLCAST ANALYTIX.
Included preventive programmes
Our Calculator generates the ROI of a variety of corporate prevention programs. Prevention programs can impact a variety of conditions simultaneously. For example, exercise can impact CHD, Diabetes, muscular skeletal conditions, and even behavioral conditions. It is therefore important to calculate the combined ROI of all the conditions impacted.
- Determine the ROI and the reduced costs associated with the purchase of various brands of medicines, supplies and diagnostic equipment.
- For sales and product management departments, show the ROI of purchasing your products.
- For PBM’s, determine the effect of participation targets in pharmacological programs to reduce medical treatment costs or the cost/benefit of different medications in the same class.
- For PBM’s, develop and implement comprehensive strategies for medication programs (e.g., blood pressure medication), as compared to non-medication prevention programs (exercise).
- Develop projections of the number of employees expected to have physical, behavioral, and occupational health conditions, and their associated costs (both medical/premium and economic), before and after implementation of prevention programs.
- Calculate the ROI of each prevention program, considering that some programs impact various conditions simultaneously.
- Calculate the break-even investment, participation, and effectiveness rates of each prevention program.
- Compare outsourced prevention programs based on their cost/benefit and establish performance goals for vendors.
- Develop Strategic Plans for the prevention of disease.
- Reduce demand and costs of medical treatment due to the implementation of disease prevention programs.
- Determine types of preventive services in the network.
- Support the calculation of premiums and distribution of preventive services based on the specific demographics (e.g., risk factors, prevalence rates, etc.) of each client.
- Compare outsourced prevention programs and services.
- Develop strategic plans for disease prevention for your clients.
As well as the employer applications.
- Reduce the demand and costs of medical treatment/premiums from implementation of disease prevention programs.
- Develop strategic plans for disease prevention for your clients.
- Compare preventive programs and preventive program providers.
Why use WELLCAST ANALYTIX?
WELLCAST ROI™ calculations justify your investment in Health and Wellness programs.
We know these are beneficial investments – both for the employee’s health and the health of the organisation’s bottom line.
- the most advanced healthcare calculation software in the world
- calculates the financial benefits of your wellbeing interventions to the company’s bottom line
- generates objective ROI results
- customises results according to your unique employee demographics, prevalence rates, and risk factors
- calculates the ROI of your wellness, disease management, behavioral, occupational, and medication regime programs
Take the sweat out
of approvals
It’s never been more crucial for businesses to invest in Health and Wellness programs. According to a recent CIPD poll, mental health issues account for 56% of long-term leave, making it the leading reason for absenteeism.
Budget approval requires sound logic, reasonable assumptions, and projected ROI. In other words – know the worst that can happen, based on “what if” scenarios (realize that assumptions can change over time and that results can vary).
What are the questions and observations for a financial decision maker when it comes to approving Health and Wellness programs?
- Why do we have so many programmes focused on the same conditions?
- What is the impact of a programme on each condition?
- Why did we choose the programmes you implemented?
- How did we prioritise our programmes?
- Why have we chosen the most expensive/or cheapest option?
- How do we measure our outcomes?
- Can we convert our outcomes data to financial terms?
- What is the cost of each condition, separating the medical cost/premium from the economic costs?
- Why do we justify programs based on premium cost savings that rarely occur.
- What is the maximum we can invest in a programme and still breakeven?
- What is the minimum effectiveness rate of a programme and still breakeven?
- Why do we have programmes that take a long time to be effective for employees that have a high turnover?
- Why do all employees have the same programme?
3 steps to success
Wellcast Analytix presents the ROI of Wellbeing Programmes in the best possible way
Presenting the ROI of Wellbeing Programmes is about – Speaking in financial terms!
Follow the same approach as other departments seeking budget approval.
01
We translate the impact of conditions
(physical and behavioural) into productivity and other cost savings, showing how each program impacts the result.
02
We show the assumptions used in your ROI calculations
ROI data consists of the Internal Rate of Return (IRR), the Net Present Value (NPV) and the Cost-Benefit ratio.
03
We include the maximum cost that can be invested
We show the minimum effectiveness rate of a programme to still break even.
These indicators will allow a compelling presentation of the ROI of Wellbeing.
With Wellcast Analytix it couldn’t be simpler to create a compelling business case for wellbeing activities at work.
No need for complex KPIs or clever formulas.
Just use WELLCAST ANALYTIX
Use our experience for your health intervention investments
Tap Into Over 30 Years of Specialised Experience
Wellcast ROI© is the most widely utilised analytical tool to calculate the ROI of intervention programs, since 1993
Our Calculators are utilised globally.
The ROI calculations are the same ones used by financial personnel worldwide.