Many companies already offer incentivized programs such as antismoking campaigns and free fitness rooms. But with employer insurance costs rising, including a projected 5.8% this year, according to Towers Watson, corporate wellness services revenues are expected to grow in parallel—by an annualized rate of 8.8% over five years, to $11.3 billion by 2019, according to IBISWorld.
Guest The average cost of bringing a drug from development to FDA approval is over $2.5 billion. But if researchers can use wearable devices to grab insights early on in a drug trial, they can cut failure rates and reduce costs.
WASHINGTON (AP) — In a victory for business, federal regulators said Thursday that employers can continue to use financial penalties and rewards to nudge staff to participate in fast-growing workplace wellness programs.
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