Corporate Wellness Has Become Essential for the Health of a Company’s Bottom Line

May 20, 2021 - Baystreet.ca


Corporate wellness has become essential, not only for employees, but for the health of a company’s bottom line. According to Entrepreneur, employee disengagement costs U.S. companies more than $500 million every year. “Common factors occasioning workers to underperform are, among others, dehydration, obesity, depression, body pain, poor diet and smoking, as pointed out by Bellabeat. The company also points out how, over time, all these factors compound to weaken a company's happiness, productivity, and, in the end, profits,” they add. It’s why more companies are taking advantage of wellness programs offered by companies such a. Wellteq Digital Health (CSE:WTEQ)(OTC:WTEQF), Teladoc Health (NYSE:TDOC), MindBeacon Holdings (TSX:MBCN), DarioHealth Corp. (NASDAQ:DRIO), and Nautilus (NYSE:NLS).

Look at Wellteq Digital Health Inc. (CSE:WTEQ)(OTC:WTEQF) for example

Wellteq Digital Health Inc. is a corporate wellness platform paid for by employers, insurers, and health providers. It also provides employers and employees with actionable health recommendations, ongoing support and coaching with medical professionals.

The company just announced that the next event in its continuing series of management webcasts will feature the Company’s Chief Medical Officer, Dr. George Gellert on Tuesday, May 25th, at 11:00 a.m. EST (8:00 a.m. PST).

During the webcast, Dr. Gellert will outline the clinical priorities for the extension of Wellteq’s enterprise digital wellness platform into virtual care initiatives for the upcoming 6-12 months. Attendees will also have an opportunity to ask relevant questions.

To access the webcast please proceed to the following link:

Join Zoom Meeting

https://us02web.zoom.us/j/84736566993?pwd=SGZCNmVib2p6em5PNWhBeWpjR3NaUT09

Meeting ID: 847 3656 6993
Passcode: 556107

Other related developments from around the markets include:

Teladoc Health Inc., the global leader in whole-person virtual care, has named Claus Jensen as chief innovation officer to lead the research and development team. With more than 20 years of experience leading digital transformation at enterprise healthcare and technology organizations, Jensen has successfully built and scaled teams across product innovation, information systems, health informatics and data products.

MindBeacon Holdings Inc., a leading provider of digital mental and behavioural health therapy, unveiled its 8-Step Pandemic Mental Health Recovery Plan, a comprehensive, self-care resource created by MindBeacon’s mental health professionals and available free of charge to all Canadians. Launching to coincide with Mental Health Week, the 8-Step Pandemic Mental Health Recovery Plan is designed to help anyone struggling to cope amidst the pandemic. Isolation, uncertainty and various forms of loss have caused Canadians to experience a variety of emotions, including, grief, anxiety, stress, anger, frustration and more. With recovery on the horizon, some Canadians will face additional mental health challenges including increased or new social anxiety due to time spent in isolation, coping with possible increased alcohol use, and healing from symptoms of post-traumatic stress and grief from experiencing severe illness, treating and caregiving for others and also losing loved ones.

DarioHealth Corp., a pioneer in the global digital therapeutics market, reported financial results for the fourth quarter and full year 2020 and provided a corporate and commercial update. "The year 2020 was transformational for our company, as we made significant progress across all three pillars of growth: our transformation to a software as a service (SaaS) business model with high margin recurring revenues; our transition to a Business-to-Business-to-Consumer (B2B2C) focused digital therapeutics provider with larger member pools and lower customer acquisition costs; and the ongoing expansion of our product offering to manage multiple chronic conditions," stated Erez Raphael, Chief Executive Officer of Dario. "We won multiple contracts during the year that I believe validate our transition to B2B2C and provide a foundation for meaningful growth in 2021. We believe that our successful implementation and penetration of these contracts will contribute to growing revenue throughout 2021.

Nautilus Inc.’s Bowflex brand, one of the most well-respected, digitally connected fitness brands offering innovative fitness products and experiences, and Tuff Shed, Inc., the premier provider of quality storage buildings, announced a joint-effort designed to inspire consumers to reimagine where they can work out at home. “Our Bowflex customers have been creating and sharing images of their imaginative workout spaces within their homes — sometimes in very unconventional places,” said Becky Alseth, CMO of Nautilus, Inc.’s Bowflex brand. “We know the importance of how dedicating a physical space can provide inspiration and motivation for them on their fitness journey. We hope through joining forces with Tuff Shed, we’ll inspire even more people to create home gyms or revamp their existing ones.”

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