bswift and Employee Benefit News Study Shows Employer Focus on Biometric Data and Technology to Control Health Care Costs

bswift and Study Shows Employer Focus on Biometric Data and Technology to Control Health Care Costs

bswiftEmma Crowe, 312-373-3442

Employers in 2012 continue to enhance their wellness programs to change employee behavior and move toward health outcomes that impact the bottom line. At the same time, many are also capitalizing on benefits automation tools, although a significant proportion of companies—even large ones—have yet to realize the full potential for cost savings and operational efficiency.

These insights come from the third annual , conducted in conjunction with . More than 340 employee benefit and human resources professionals from the private and public sectors participated in the study.

“Employers are actively modifying and upgrading their wellness programs as they learn from experience, putting a greater emphasis on employee incentives and the use of biometric data,” said bswift CEO . “The study shows that organizations are not waiting for absolute clarity on the future of national health reform to get a grip on health expenditures and to improve the health of their employees and dependents through wellness programs.”

Of companies with more than 500 employees:

Of companies with more than 500 employees:

The study also included data on the cost impact of an effective wellness program and a fully automated benefits administration solution: 327 percent and 410 percent risk-adjusted ROI, respectively.

“The findings are clear,” Gallun noted. “Employers continue to leave money on the table when it comes to benefits administration. We anticipate that the unrelenting pressures to improve organizational performance and profitability will drive more employers to implement fully automated solutions to save money in order to free up staff and also detect costly errors.”

To download a copy of the full report, , please visit .

Based in Chicago, bswift offers software and services that streamline benefits, HR and payroll administration. bswift’s state-of-the-art Software-as-a-Service (SaaS) technology and Business Process Outsourcing (BPO) solutions significantly reduce administrative costs and time-consuming paperwork, making life easier for administrators and more than one million consumers who enroll in benefits with bswift. For more information, visit .

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