Tangerine's program complements our members' diverse needs and that's evident by the growing number of companies who are signing up for the program.
Rockford, IL and Boston, MA (PRWEB) October 31, 2007
http://www.tangerinewellness.com Employers in Rockford, Illinois know a thing or two about saving money on healthcare costs: pay employees to lose weight, pay them to keep the weight off and reap the savings in annual healthcare costs. Using Tangerine Wellness, the first incentive-based corporate wellness program that reduces the cost of healthcare for employers, employees at Rockford area businesses have already lost more than 1,700 pounds and their employers have seen between a 10 - 19 percent decrease in medical claims costs.
Through a partnership with Rockford-based Employers' Coalition on Health (ECOH), a purchasing coalition representing over 51,000 covered lives, many Rockford employers have been avid Tangerine clients while many others are just getting started. "We have 160 member companies with many different cultures all looking for a way to control healthcare costs," said Sam Schmitz, Executive Director of ECOH. "Tangerine's program complements our members' diverse needs and that's evident by the growing number of companies who are signing up for the program."
The Tangerine Wellness program, which is a non-prescriptive approach to weight-loss and health improvement, focuses on the idea that a single wellness program will not necessarily work for everyone. Using Tangerine, employees earn cash and other rewards for losing and maintaining weight. Employers lower healthcare costs, improve morale and productivity through Tangerine's customized, fully outsourced program that includes a suite of online and offline services. By offering cumulative rewards, and allowing participants to track their results online, Tangerine keeps the program interesting and easy for its participants.
Wesley Willows, a not-for profit continuing-care retirement community, has already saved nearly 19 percent on their healthcare costs. "The cost of providing a weight management and wellness program to our employees on our own was unsustainable. The costs did not result in any healthcare savings," said Cathie Holmgaard, Director of Human Resources for Wesley Willows. "Using Tangerine Wellness, our costs are minimal but the return on investment has been astounding. We're getting 12 times the ROI, we've dramatically reduced our turnover rates, employees are happier and more productive. I guess the carrot is more appetizing than the stick."
A recent study shows that paying employees to lose pounds was more successful than not paying employees to lose pounds. "Lots of companies are experimenting with rewarding people for weight loss, and this study provides evidence that paying people to lose weight works, at least in the short term," said Eric Finkelstein, author of the study and a health economist with RTI International, a non-profit research organization.
You don't need to tell that to Rockford Acromatic, an automotive manufacturer based in Rockford, IL. The firm has been using Tangerine Wellness for nearly a year and employees continue to lose weight and maintain healthy weights. The company has saved 10 percent on their annual healthcare costs, including a significant decrease in prescription costs for Type II diabetes, a disease commonly associated with obesity. It uses its new found money to fund the company's profit sharing plan. "We struggled for years to find a way to reduce our costs yet keep our employees healthy," said Jim Knutson, risk manager, Rockford Acromatic. "We didn't want to punish them for their behaviors. Tangerine Wellness has not only helped change behavior in a positive way, but has helped us realize significant cost savings without impacting our employees in a negative way."
Other Rockford companies newly signed or about to implement the program include: Rockford Blacktop, Pierce Distribution, Gleason Cutting Tools and Sinnissippi Centers.
The Tangerine Wellness program is not just a Rockford, IL phenomenon. The firm does business in 20 U.S. States and in Canada. Tangerine Wellness also works with the nation's leading benefits brokers, HR consulting firms and employer health coalitions.
"No other wellness program has been able to show a return-on-investment quite like the Tangerine Wellness program," said Aaron Day, Chairman of Tangerine Wellness. "Start with something simple, reward employees and the pay off is dramatic."
Please visit http://www.tangerinewellness.com for more information.
About Tangerine Wellness
Founded in 2004, Tangerine Wellness is the leading corporate weight-management program that directly rewards employees for losing weight and for maintaining a healthy weight. Tangerine's interactive weight-loss program has a direct and positive effect on employee healthcare costs, morale and productivity. Tangerine has successfully implemented programs in the manufacturing, financial services, healthcare and government/university entities that are translating into direct healthcare cost-savings. The company's collective leadership includes Sen. Bill Bradley and top executives with expertise in corporate wellness, healthcare and benefits administration. Tangerine is headquartered in Boston, with offices in Chicago, Houston and New York. Go to http://www.tangerinewellness.com for further information.