Rapid Growth of Corporate Wellness Market is Estimated to Grow High CAGR till 2022
Pune, India, Sept 2018 /BIR Press Release/- Business Industry Reports announces the publication of its research report – World Corporate Wellness Market Research Report 2018
Market Highlights of World Corporate Wellness Industry
Corporate Wellness Market is Dexter Shurney, an engine company, chief medical director at Cummins, was hired to reinvent the wheel. After being approached by Chief executive officer Tom Linebarger with a mystery and the desire to try something new he joined the business. For many years Cummins had preached the gospel of health to its 55, 000 workers. Undergo screenings and Employees were encouraged to complete health hazard evaluations they can rack up points and earn discount rates by attending wellness lunches and physical exercise on their insurance premiums. There was just one problem. Did the incidence of disease in the company.
Corporate Wellness Market is Paid a lot for this things, Shurney says, but he couldn't help wondering why what're we? Linebarger challenged the group to approach the companies health with Six Sigma precision and the same rigor that Cummins applied them to arrive at healthcare costs exploding. Shurney knew health was produced between physicians visits, however, to nurture it among Cummins personnel was something he spent the subsequent year, steeped in consultation and research trying to figure out. The consequence is difficult to describe and the work in progress, underlines, but it seems that he's edging closer. Employee wellness programs have for ages been announced as something of a magic bullet cost-effective means to a happier, far healthy, more present, more productive workforce: a win.
Corporate Wellness Market a tantalizing promise, and over their last decade businesses large and small have hurried to cash in. Part of the push, of course, also came from a big, swing stick: soaring employer healthcare costs. But part also came from a Carrot also: The Affordable Care Act allows companies to tie up to 30% of a workers insurance premium to health outcomes like weight reduction and smoking cessation achieved in health programs. - The outcome is that workplace health programs are now universally universal in Corporate American fixture of modern work culture as recognizable as their on-site cafeteria or their 401 plan. And the health business behind them has created an $8 billion industry. While enthusiastic in their absorption of such programs, however, corporations have usually been content to outsource them and then pay little attention to an assortment of vendors and consultants.
Major Key Players of Corporate Wellness Market: Well Nation, Virgin Pulse, Provant Health Solutions, ComPsych, EXOS, Kinema Fitness, Karelia Health, Marino Wellness, Premise Health, Wellness Corporate Solutions, WorkStride, and Wisdom Works Group
Complete Report Available at https://www.businessindustryreports.com/report/100620/global-corporate-wellness-market-report-2018 .
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Business Industry Reports
Pune – India
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