Empoyee Benefits
The biggest employer costs that could be reduced through Food-as-Medicine programs are hospitalization costs, costs for chronic disease management and treatment, spending on weight loss medications, and productivity losses due to poor health. Ingredient efficacy is a cornerstone to the effectiveness of all Food-as-Medicine programs. Reduced hospitalizations: Providing medically tailored meals to eligible employees could lead to 6 million fewer hospitalizations annually, resulting in estimated net savings of $13.6 billion over one year and $185.1 billion over 10 years for the healthcare system.
Improved Employee Health and Productivity
The personalized, evidence-based food recommendations can help prevent or manage chronic conditions like diabetes, reducing absenteeism and improving productivity.
By addressing food allergies and intolerances, the app can enhance employee well-being and focus.
Competitive Advantage in Talent Acquisition and Retention
Offering the Food for Health app demonstrates an employer’s commitment to employee health and work-life balance, enhancing their ability to attract and retain top talent, especially those managing chronic conditions or food allergies.
Revenue Sharing Opportunities
Food for Health shares revenues, product rebates, and incentives with employers and their employees, delivering cash and savings for employees and reducing program costs for employers.
Valuable Data Insights
The app’s proprietary dataset provides invaluable insights into employee health trends, which can inform wellness program strategies and negotiations with insurance providers.
By investing in the Food for Health app, employers can promote a healthier, more productive workforce, reduce healthcare costs, gain a competitive edge in talent acquisition and retention, and potentially generate revenue while accessing valuable data insights that have never been available before.
Key Cost Savings for Employers
Preventing or managing chronic conditions through better nutrition can lead to significant healthcare cost savings
Decreased productivity losses due to improved employee health and fewer sick days.
Lower costs for chronic disease management like diabetes, obesity, metabolic syndrome, cardiology, and arthritis
More cost-effective than weight loss medications for improving nutrition.
Improved outcomes from GLPs