The 'executive physical'--why companies hang on to this CEO perk

Although many companies have scaled back on the types of luxurious benefits they offer to key executives, one perk that is not going anywhere is the "executive physical." In fact, it's becoming even more popular, The Washington Post reports.

The day-long physicals include a comprehensive medical history review and physical exam, intricate blood work and screenings for early detection of cancer, heart disease and other serious conditions.

Many companies view the typical $2,000 to $5,000 cost of the executive physical to be a small price to pay for the assurance that their company's top executive is ready for the rigors of the job, FierceHealthcare previously reported.

One reason that more companies offer the benefit is that it provides stakeholders with confidence when the head of the organization has seen an array of specialists and receive a good bill of health. It also can have a direct impact on the company's financial performance, according to The Washington Post.  

For the executives themselves, the rigorous "one-stop-shop" physical is an opportunity to get a clear picture of their health in a job that typically places high demands on the body through stress, long hours and frequent travel. 

To learn more:
- read The Washington Post here