Businesses are always concerned with the bottom line. It's a part of being in business. The goal is to generate as much profit as possible. While increasing revenues are essential to this aim, one's bottom line can see a huge bump by keeping employees healthy, free of injuries, and at work as much as possible.

One way to encourage employees to continually come to work stems from benefits integration. By combining absence management programs and disability benefits, many companies can find a cost savings advantage.

If the employer adds a wellness program into this mix, the company may see added benefits. Wellness programs have been proven to rapidly improve the health of employees after implementation.


Integrating Benefits For Good

Cost savings isn't the only reason to combine benefits. Many companies have seen compliance risks eliminated due to integration. When programs are segregated, and administration is not properly aligned, a company puts itself at risk of making compliance errors. And these errors can be costly.

If a company does not integrate their benefits, then numerous claims could all be made at different times for the same injury, including:

  •  Workers' compensation
  • Family and Medical Leave Act time
  • Short-term disability

For an example, let's look at someone who had surgery. The first eight weeks they are out stemming from the surgery could be on a workers' comp claim. Once they come back from that claim, they could use an additional 12 weeks by filing for FMLA time.

Instead, an employer can run both of these claims concurrently – limiting the time away from work for the employee to 12 weeks, not 20. This is one of the easiest ways for employers to lower their lost time rates. Implementing a few return-to-work programs has also shown benefit to some companies.

It's important to remember that benefits integration will work differently for every company. Each employer has a variety of factors to consider before implementing any integration programs.


A Focus On Wellness

While limiting lost time rates is vital to improving profitability, some employers are taking a different route. Many companies have begun to focus on keeping employees productive by keeping them healthy.

Many wellness programs promoted by employers are focusing on helping employees with illnesses become healthier. Standard concentrations of employee health programs include diabetes, heart disease, and more.

Employees with diabetes, cost employers 2.3 times more on medical coverage. This hurts profitability. So wellness programs aim to limit the impact of such illness by incorporating recreation centers, trainers, desk exercises, health assessments, and more.

Many employers also offer employees with diabetes free testing supplies, monitoring, and more. Some companies even provide a reduction in employee health care premiums – if the employee takes part in the wellness program.  


How Your Business Can Make the Most Of Integration

When increasing profitability is in the cards, companies will pull out all the stops. From wellness programs to benefits integration, employers have many ways to bump the bottom line without increasing revenues.

From an insurance standpoint, wellness programs offer great benefits to employers and employees alike. Combining benefits like workers' comp and short-term disability eliminates employees taking advantage of the system. Employers also benefit from wellness programs as it covers their compliance when integrating.