4 Benefits of Executive Health for Your Company

What is the true ROI of executive health programs for your company?

As a business leader, you're constantly weighing the costs and benefits of various initiatives to support your team's well-being. Among these, executive health programs, including comprehensive physicals and memberships for enhanced healthcare access, are becoming increasingly popular in corporate benefits packages. But how do you assess if they’re worth the investment?

According to a 2023 Goldman Sachs study, 66% of companies now offer executive physicals to senior executives, reflecting a 7% increase since 2011. This trend signals a growing recognition that maintaining the health of top executives is more than just a personal concern — it's a strategic business investment.

When evaluating executive health providers, you have numerous options. Large hospitals like the Mayo Clinic and Cleveland Clinic, regional health systems such as INOVA in Northern Virginia or Emory in Atlanta, and concierge practices like PartnerMD all offer comprehensive executive health programs. These programs often extend beyond physicals to include memberships, providing year-round access to enhanced primary care.

In this article, we’ll break down four key areas where executive health programs, including physicals and memberships, can provide measurable ROI for your company:

• Recruitment and retention
• Reducing long-term business risks
• Managing healthcare costs
• Enhancing overall employee health

By the end, you’ll have a clearer picture of how an executive health program can contribute to the well-being of your team, mitigate company risk, and positively impact your business’s future. 

Measuring the ROI of Executive Physicals

Since 2003, PartnerMD has helped companies of all sizes design executive health programs that deliver measurable value. From large corporations looking to provide an all-encompassing executive health experience to small businesses seeking to prioritize the health of their leadership, our programs are designed to benefit both the executives and the companies they serve. 

1. Boost recruitment and retention with premium executive health benefits 

Offering executive health programs, including comprehensive physicals and ongoing memberships, provides VIP access to top-tier care and shows your commitment to employee well-being. In a competitive talent market, these benefits play a crucial role in retaining top talent and attracting new employees. 

Consider this statistic from MetLife: 73% of employees said they would stay with their current employer longer if offered more comprehensive benefits. 

How would it impact your business if a top executive or key leader left for a competitor? Offering an executive health program demonstrates the value you place on your team, contributing to the retention of key employees and helping your company remain competitive. 

2. Reduce key person risk by identifying health risk factors

Executive health programs can identify potential health risks early, enabling leaders to take proactive measures. This can reduce the risk of unexpected health events that might impact the company, such as a serious illness affecting a critical team member. For small businesses, the absence of a key person for health reasons could create significant challenges.

Programs that include memberships, offering ongoing access to healthcare, provide executives with the support they need to maintain long-term health. Early detection and prevention through regular checkups and follow-ups reduce the likelihood of severe health issues disrupting business operations.

3. How executive programs help manage long-term healthcare costs for self-insured employers

For self-insured companies, managing healthcare costs is a significant concern. By incorporating executive health programs, businesses can help reduce large-scale healthcare expenses by focusing on prevention. Detecting risks such as heart disease or cancer early allows for proactive management and can prevent costly treatments down the line. 

An executive physical exam could provide your employees with knowledge of their risk years in advance, so they can actively work to prevent the issue.

As an example, according to NBC News, nearly 90% of adults over age 20 in the United States are at risk of developing heart disease.   

With the inclusion of memberships, executives receive continuous care, not just during the annual physical but throughout the year. This can reduce unnecessary visits to urgent care or emergency rooms, thereby lowering the overall number of insurance claims and reducing the cost per claim, benefiting both the employee and the company. 

4. Improve employee health with comprehensive executive programs 

According to MetLife’s 2022 US Employee Benefit Trends Study, employees who feel holistically healthy are 74% more likely to be satisfied with their job and 53% more likely to be productive. Comprehensive executive physicals and year-round memberships offer a clear, detailed understanding of an employee’s health, helping them address risks before they become serious.

These programs go beyond what standard health insurance covers, offering advanced screenings, cardiovascular testing, comprehensive blood work, and more. When combined with memberships for ongoing care, executives have the resources to actively improve their health year-round, leading to increased productivity and overall well-being.

Next Steps: Choose the right executive health provider for your company

Executive health programs, combining physicals and memberships, provide more than just healthcare. They offer tangible benefits, including talent retention, risk reduction, cost management, and improved health outcomes. By investing in the well-being of your leadership team, you are also investing in the long-term success of your company. 

If you're ready to explore how an executive health program can benefit your business, complete this form and one of our executive health experts will reach out to answer your questions.