Can companies that offer personal money management programs improve the health of their employees and their own bottom lines? According to Leah Binder’s Forbes.com article, Healthways and Dave Ramsey believe so. Healthways CEO Ben Leedle calls financial distress the “the single greatest quiet emergency in the health world.”
From the c-suite to the front lines, some two-thirds of employees at American companies live one paycheck away from financial collapse. In response to this startling trend, Healthways recently announced an exclusive agreement with Dave Ramsey’s Lampo Group to deliver the CORE™ Financial Wellness program as part of its Well-Being Improvement Solution.
As part of the collaboration, Healthways will scale online delivery of the CORE™ curriculum, bringing new content, interactive features and support to the self-directed program and making it accessible via all media, including mobile devices to millions of Americans through their employers, health plans, health systems, communities and families. Healthways will also work with Gallup to incorporate financial well-being in the Gallup-Healthways Well-Being Index, which tracks employee health like a stock market ticker.
So why should businesses care about employees’ finances? Healthways studied the connection between good health and good personal finance and found that “stress from finances took all their energy, and it wasn’t until employees got their financial house in order” that they could take on the challenge of improving their health.
By offering Dave Ramsey’s program that explores the deeply personal aspects of managing money, Healthways is poised to help workers improve their productivity and companies improve their profitability.