Wellcast ROI© can evaluate any type of health and wellbeing solution, including:

• Employee Assistance Programs (EAPs): Counseling, legal assistance, or financial advisory services.
• Preventive Care Initiatives: Programs designed to reduce health risks and prevent future medical conditions.
  Example: Menopause management programs to support women with education, hormonal therapy options, and mental health support, reducing absenteeism and boosting productivity.
• Behavioral Health Interventions: Support for stress, anxiety, depression, and other mental health conditions.
• Chronic Disease Management Programs: Management and treatment of conditions like diabetes, hypertension, and cardiovascular diseases.
• Workplace Health and Wellness Initiatives: Initiatives like health coaching, fitness challenges, and workplace health screenings.
• Occupational Health Programs: On-site medical consultations, ergonomics assessments, and health risk assessments.
• Medical Technology: Innovations such as wearable devices, telemedicine platforms, and diagnostic tools.
• Digital Health Apps: Apps focusing on mental health (e.g., stress reduction, mindfulness) or physical health (e.g., weight loss, activity tracking).

To use the Wellcast ROIC© Calculator effectively, you’ll need:

• Employee Demographics: Population size, age distribution, and gender breakdown.
• Current Health and Wellness Solution Details: Type of conditions/issues addressed, utilization rates, effectiveness metrics, and associated costs.
• Company-Specific Metrics: Country and industry context, average salary, average employee replacement rate, as well as training and relocation rates.

The calculator provides a detailed analysis of financial and health outcomes, including:

• Long-term returns: Expressed through key ROI metrics such as Net Present Value (NPV), Internal Rate of Return (IRR), Benefit-to-Cost Ratio
• Breakeven metrics.
• Cost savings breakdown: Including productivity gains from reduced absenteeism and presenteeism, as well as medical cost savings from preventive care and early intervention.
• Condition-specific savings: Highlighting savings for solutions targeting multiple health conditions.

Yes, Wellcast ROI© provides customized results at the organizational level. It adjusts calculations based on:

• Employee demographics: Including age, gender, and job type.
• Prevalence of specific conditions: Such as smoking rates, obesity, or mental health issues.
• Country and industry-specific benchmarks: Productivity and health data relevant to your specific sector.

Yes, the Wellcast ROI™ Calculator can evaluate the combined impact of multiple programs simultaneously. This allows organizations to assess the collective ROI of bundled offerings, such as an EAP combined with chronic disease management or fitness initiatives.

The ROI reports generated by Wellcast ROI© include key financial metrics such as:

• Return on Investment (ROI): Expressed through three interlinked metrics:
  1. Net Present Value (NPV)
  2. Internal Rate of Return (IRR)
  3. Cost-Benefit Ratio (CBR)
• Breakeven Analysis: An analysis that determines the maximum allowable program costs and the minimum required effectiveness to achieve a positive financial impact.

Wellcast ROI© provides CFOs and decision-makers with:

• Clear, data-driven insights into program costs and benefits.
• Customizable reports tailored to the organization’s goals.
• Evidence-based projections that help build a compelling business case for approval.
• Predictive and actual ROI calculations for informed decision-making.

Yes, Wellcast ROI© evaluates both economic and medical cost savings when relevant, including:

• Economic benefits: From increased productivity and reduced turnover.
• Medical savings: From lower claims costs and improved health outcomes.
• Comprehensive insights: On the overall organizational impact.

For organizations that do not cover medical costs, these costs can be considered zero, allowing you to focus on the ROI impact for the organization.

For insurers who want to evaluate ROI for internal purposes, they can set productivity and organizational costs to zero and focus only on medical savings, such as claims costs.

Wellcast ROI expert team offers extensive support and training, including:

• Step-by-step onboarding: To help users become familiar with the tool.
• Training sessions: Tailored for HR teams, finance leaders, and program managers.
• Ongoing support: Addressing both technical and analytical questions.
• Access to resources: User guides, case studies, and best practices for effective use.

Yes, Wellcast ROI provides access to a variety of case studies and success stories that highlight:

• Real-world examples of organizations that have achieved measurable ROI through Wellcast ROI©.
• Insights from industry conferences and expert participation, sharing best practices and lessons learned.
• Testimonies from decision-makers who have successfully used Wellcast ROI© to justify wellbeing initiatives.