The United Kingdom (UK) is failing at health as a nation and this is impacting UK’s business performance, resulting in reduced productivity versus our G7 counterparts. Within our society ‘Health’ is a core pillar and a key focus for our ongoing development and position within the global economy. Yet Public Expenditure Statistics Analyses (PESA) information on UK Government’s spending on healthcare is £142bn in 2017 or 18% of total government spend. It has also been widely reported the health of our society is deteriorating with the impact of poor lifestyle adding a £11bn cost to the NHS according to Public Health England (PHE) in 2016.
The status of employees and their health within UK offices and businesses is therefore of vital importance, especially with 31.8 million of the UK adults in work. The links to staff engagement, health and productivity have been developed in 2016 with Vitality’s Britain’s Healthiest Workplace 2016 report stating ‘’UK employers are failing to adequately invest in the health and wellbeing of their employees, which is costing the UK economy £73 billion a year in lost productivity’’.
However, there is an opportunity for innovative employers to improve health, performance and ultimately the bottom line with the latest digital health solutions.
Are Digital Health solutions the future to deliver real health improvements at scale and make savings at the same time?
In 2017, organisations are beginning to assess their procurement approach to develop returns on investment and positive outcomes – leading them to approach new digital technologies. Digital technologies help organisations make savings versus the traditional method, but also enable the assessment of a wider data source to help provide a more holistic view of the population’s health. Wearables and other new data capture solutions allows more regular assessment /information upload models can be adopted, resulting in greater engagement and effective outcomes.
With the above challenges, the corporate market is seeking new solutions to support their needs in a changing world. LiveSmart’s feedback from the sector is clear that clients are assessing health related services that are:
Effective – with an outcome focus to allow data to be assessed and measured, across more of the population and not just a selected group, to drive productivity levels.
Efficient – easy and quick solutions to deliver a high quality offering that many might have been utilised in the past – reducing time away from the workplace and driving long-term improvements that can be measured.
Engaging – The ability for online booking, data uploading via wearable technology and health status reporting to allow constant engagement and updating of key data for the younger workforce. In addition, the use of timely and effective coaching and goal setting to promote ongoing awareness and the reduction in future risks will be essential.
Economical – with cost saving initiatives across the UK, pre and post Brexit, and with changes to tax policy it is evident an approach to a more affordable solution is being taken by UK clients.
We think its clear that only digital or hybrid digital/remote solutions can fulfil the emerging client criteria – choose LiveSmart.
If you would like to find out how LiveSmart, working with UK Active, can support your approach to adapting a more effective and efficient health improvement programme please contact us on email@example.com or call Rick on 07595 200463.