In our recently published peer-review article in the Journal of Occupational and Environmental Medicine, co-authors Raymond Fabius, MD, President of HealthNEXT, and Sharon Phares, Ph.D., found that companies with a culture of health outperform the stock market by an average of 2% per year. Over ten years, their study analyzed the results of a portfolio of publicly traded companies to test the theory that a commitment to employee health, safety, and well-being can lead to more robust returns.
How Companies Were Selected
The portfolio companies were identified by the receipt of various health, safety, and well-being awards and criteria established from a decade of research at HealthNEXT, the leader in building corporate cultures of health and wellness. The evaluation process included publicly available information such as an established workplace health clinic, a corporate health officer at the senior leadership level, and demonstrated leadership via presentations at health, wellness, and safety conferences.
Results of the Publication
A focus on employee health and wellness resulted in a high return on investment for the portfolio companies and can positively impact business performance.
Companies with healthier workforces have been proven to experience:
- Lower healthcare costs,
- Less absenteeism,
- Higher productivity,
- Less workforce turnover,
- Better talent,
- Less waste, and
- Higher employee engagement levels.
All of these contribute to a competitive advantage in the marketplace and explain the outperformance.
Employers, fund managers, and fund investors would be well served by including strategies that assess a company’s commitment to their workforce’s health, safety, and well-being when evaluating investments in their enterprise and portfolios.
How HealthNEXT Can Help
Through advanced measurement tools and on-demand Chief Medical Officers, HealthNEXT provides multi-year, strategic roadmaps to build a culture of health and well-being for corporations, resulting in reduced healthcare costs, enhanced productivity, and a long-term competitive advantage.
