A study shows the average total healthcare cost
of employees who opted into Fitbit program was nearly 25 percent or
$1,300 less per person than those who didn’t
Another employer attributes $2.3 million saved
over two years to a Fitbit corporate wellness program that also
improved health outcomes of employees
Fitbit (NYSE:FIT), the leader in the connected health and
fitness market, announced significant cost savings and health
impact for two Fitbit Group Health customers, demonstrating that
Fitbit corporate wellness programs can give employers a return on
their investment. An analysis conducted by Springbuk, an
employer-facing health intelligence platform, found that after two
years, the employees who opted-into a Fitbit corporate wellness
program incurred 24.5% less per person on average in total annual
healthcare costs than a control group. Fitbit also announced
results from another employer, Dayton Regional Transit Authority,
who determined that their Fitbit corporate wellness program
demonstrated $2.3 million in employer cost savings and healthy
outcomes for program participants.
Over the last six years, Fitbit Group Health has provided
organizations and employers with technology and services to help
their populations to lead healthier, more active lives. Over 2.6
million Fitbit users, including employees at 70 of the Fortune 500,
connect their data into population health and health
management platforms comprising Fitbit's own corporate wellness
solution, health plan platforms, management solutions and more.
Employer and Employees Realized Lower Healthcare Costs
through Fitbit Corporate Wellness Program
Springbuk used three years of medical claims, pharmacy,
biometric and activity data to analyze the effects of a corporate
wellness program using the Fitbit platform on the employee
population of a large, self-insured employer with over 20,000
employees. The study established a baseline (before Fitbit) with
the first year of data, then analyzed the impact of the Fitbit
program over two years. In addition to subsidized Fitbit trackers,
the employer’s program utilized Fitbit’s enterprise software
offering.
The analysis found that after two years of the program, across a
representative sample set of 2,689 individuals:
- 866 employees who opted into the
program had healthcare costs that were on average 24.5% less than
that of a control group’s – an average cost savings of nearly
$1,300 per participant during the 2nd year of the program. This is
a significantly wider gap than the cost differential observed for
the same individuals during the baseline year in which average
costs for the opt-in group were only 7.9% less than that of a
control group.
- Of those who opted into the program,
266 employees who used their Fitbit tracker for at least half the
duration of the program decreased their healthcare costs by 45.6%
on average.
“This demonstration of impact achieved by integrating Fitbit
technology into an employee wellness program reinforces our belief
in the power of health data and measurement in demonstrating ROI,”
said Rod Reasen, co-founder and CEO of Springbuk. “The study shows
that a combination of Fitbit activity trackers with a comprehensive
wellness program can enable employers to see significant impact on
their healthcare costs.”
Dayton RTA Reduces Healthcare Costs and Improves Outcomes
with A Fitbit Corporate Wellness Program
In 2014, The Dayton Regional Transit Authority (RTA) made the
decision to become self-insured and needed to maintain a strict
focus on reducing healthcare costs. As a result, Dayton RTA
launched a pilot program that integrated a partially subsidized
Fitbit activity tracker for each participant, biometric screenings,
health coaching, goal setting and participation incentive.
Positive outcomes of the Fitbit program include:
- Improvement in health outcomes
including an average decrease in LDL cholesterol levels of 12
points and an average decrease in glucose levels of 17 points,
after year one.
- Dayton RTA rolled out the Fitbit
program to their 600+ employees as a result of the successful
pilot.
- Dayton RTA estimates that they were
able to save $2.3 million over two years (on a projected spend of
$15.5 million) as a result of the Fitbit corporate wellness
program
“When you are a bus driver, sitting for eight hours a day is
part of the job,” said Mark Donaghy, chief executive officer of
Dayton Regional Transit Authority. “We knew we had to get our
employees moving to improve their health and our budget. After two
years, we have seen millions of dollars in savings that would not
have been possible without Fitbit.”
Fitbit Group Health continues to grow its presence in the
population health management industry. In 2015 alone, Fitbit Group
Health added more than 1,000 employer customers, including large
enterprises and premiere brands such as Barclays, Godaddy.com, and
Target. Key partners include corporate wellness vendors such as
StayWell and Virgin Pulse; and health plans such as Anthem and
Humana. For more information about Fitbit Group Health’s offering
for population health management, visit
www.fitbit.com/group-health.
About Fitbit, Inc. (NYSE: FIT)
Fitbit helps people lead healthier, more active lives by
empowering them with data, inspiration and guidance to reach their
goals. As the leader in the connected health and fitness
category, Fitbit designs products and experiences that
track everyday health and fitness. Fitbit’s diverse line of
award-winning products
includes Fitbit Surge®, Fitbit Blaze™, Fitbit
Charge 2™, Fitbit Charge HR™, Alta™, Fitbit
Charge™, Fitbit Flex 2™, Fitbit Flex®, Fitbit One® and
Fitbit Zip® activity trackers, as well as
the Aria® Wi-Fi Smart Scale. Fitbit products
are carried in 54,000 retail stores and in 64 countries around the
globe. Fitbit Group Health uses the power of
the Fitbit activity trackers, software, and services to
deliver innovative solutions for corporate wellness, weight
management, insurance and clinical research.
Fitbit and the Fitbit logo are trademarks or registered
trademarks of Fitbit, Inc. in the US and other countries.
Additional Fitbit trademarks can be found at
www.fitbit.com/legal/trademark-list. Third-party trademarks are the
property of their respective owners.
Connect with us
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share your Fitbit experience.
Forward-Looking Statements
This press release contains forward-looking statements, within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, that involve risks and uncertainties
including, among other things, statements regarding future
investment and growth by Fitbit Group Health in the population
health management industry. These forward-looking statements are
only predictions and may differ materially from actual results due
to a variety of factors, including the effects of the highly
competitive market in which we operate, including competition from
much larger technology companies; any inability to successfully
develop and introduce new products, features, and services or
enhance existing products and services; product liability issues,
security breaches or other defects; and other factors discussed
under the heading “Risk Factors” in our most recent report on Form
10-Q filed with the Securities and Exchange Commission. All
forward-looking statements contained herein are based on
information available to us as of the date hereof and we do not
assume any obligation to update these statements as a result of new
information or future events.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161004006269/en/
Fitbit, Inc.Jen Ralls, 415-941-0037PR@fitbit.com
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