It’s time to make space for well-being in your ESG program.
Health and well-being leaders from across the country recently gathered in Salt Lake City for the 2023 HERO Forum. The conference theme, “Doing Well by Doing Good: How Responsible Organizations are Addressing Societal Challenges” aimed to help attending organizations optimize their Environmental, Social and Governance (ESG) efforts so that they successfully address societal challenges, drive performance, and improve population health.
Environmental, Social, and Governance principles now influence decision making at 90% of companies, according to a recent MorningStar survey. While ESG metrics provide a framework for assessing a company’s sustainability efforts, they often overlook a critical aspect of a company’s overall health: the well-being of its employees.
As a health outcomes company, ‘Doing well by doing good’ closely aligns with MOBE’s mission to make people healthier and happier. We use advanced analytics to identify populations where we can make a real difference in both individual health status and expense reduction for our clients.
I was honored to speak at the HERO Forum alongside Janice Trey of CNH Industrial. We talked about ways to optimize health and well-being programs, so that cost savings are realized, and engagement and outcomes are sustainable.
Our session focused on 4 key ways to do that, which include:
- Establishing a high-touch program, focused on whole-person approach
- Engaging a targeted population, those who have the highest need
- Lightening the lift for your internal resources
- Measuring results, realizing measurable cost savings
Janice and I shared a successful case study of how focusing on a whole-person approach was able to achieve impressive results, including 90% member satisfaction, 10% improvement in self-reported health measures, 30% engagement in the client’s targeted population, as well as a 7% cost savings.