Digital/Cultural Macro and Channel Trends for Health and Wellness 3.0 in North America

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Part
01

Health and Wellness 3.0: Cultural, Macro, Channel Trends

Some trends driving health and wellness 3.0 in North America in 2018-2019 were work-life balance and burnout. Work-life balance effectively became a focus for corporate human capital programs. Burnout became widely acknowledged as a threat to employee happiness, with many companies including burnout-prevention in their wellness strategies. While a wide adoption of work-life balance and awareness of burnout defined wellness 3.0 in 2018-2019, success of health and wellness programs came under scrutiny during the past two years.

Work-Life Balance

Burnout

Assessing the Effectiveness of Well-being 3.0

  • In 2019, a Harvard study was cautious about the benefits of workplace wellness programs. They cited an increased exercise rate among the proven benefits. However, they reported no significant effects on several long-term health measures.
  • Several companies offering wellness programs to businesses responded to the survey, stressing the importance of little details in designing a wellness program that works.
  • One example includes WellSteps, a company that designs wellness programs for businesses. Steven Aldana, the company's CEO and co-founder, stressed that wellness programs should look into many areas of employee health comprehensively to be successful.
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Part
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Health and Wellness 3.0: Current Trends

Corporations like PwC, eMindful, and Oracle are focusing more on employee wellness. The following trends all point to fixing the employee experience and increasing productivity.

Digital Mental Health Interventions

  • This trend consists of employees having access to virtual mental health professionals. Incorporating digital 24/7 access provides employees with the power to take control of their mental health wellness without the stigma behind it.
  • According to CorporateWellnessMagazine.com, "over $16 billion has been invested into more than 800 digital health companies between 2014 and 2017." This shows that companies are increasing their concern for ways to help employees to understand and deal with their mental health.
  • PwC has implemented a program where their employees have a digital space of mental health resources.

Wellbeing Platforms

  • This is a digital platform that employers create so that their employees have a visual and accessible platform for all things wellness. These platforms include tips for lowering stress, staying active, and being mindful.
  • Corporations are creating these platforms because they result in a growth of employee engagement vs non-digital platforms.
  • PwC has a digital platform called Be Well, Work Well that has everything in one place for employees. The company eMindful has a digital platform called eM Life that includes classes and teachers that focus on being mindful every day.

Flexible Work Arrangements

  • This is a trend where employers allow their workers to customize their work environment to allow for more productivity. In other words, companies are giving their employees more freedom.
  • Employers who rethink what a workplace is are seeing employees become more creative and more innovative.
  • According to Glassdoor, Kronos Incorporated provided employees with everything they needed to work from home whenever the employee needed to. Oracle also encourages work from home, depending on the position and the tools that are provided.
Part
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Part
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Health and Wellness 3.0: Future Trends

Trends driving the health and wellness industry are transforming the way that health care systems deliver services, and are creating new opportunities to enhance the patient experience while reducing costs. Three major trends, among others, are driving the transformation: the growing use of telemedicine, or "distant" health care; the use of virtual reality and augmented reality, and the use of artificial intelligence.

Across the Airwaves: Telemedicine Is Expanding

  • Digital giants have stepped forward to offer technologies that are paving the way for doctors to offer their patients more user-friendly means of engagement. Because of new "distant health" technology, health care leaders may be likely to opt for investments in digital technology over and above committing resources to expanding their physical operations.
  • Telemedicine helps reduce health care costs and improves patient engagement and outcomes. A Los-Angeles-based company called Heal, which provides home visits, is adding a telemedicine service to complement its existing programs.
  • The net result of the increasing use of telemedicine is expected to be that clinical trials will have more participation, and that doctors will be better able to access expert advice to prevent the spread of infectious diseases.
  • Academia and industry have joined together to further advance the use of telemedicine. The University of Pittsburgh Medical Center (UPMC) has partnered with a company called ID Connect to connect doctors to top infectious disease experts.
  • In children's care, the Cincinnati Children's Hospital and a telemedicine company called Teledoc recently partnered to create a telemedicine platform specifically for pediatrics.

Virtual/Augmented Reality

  • Virtual and augmented reality technologies are further revolutionizing human patient care, and experts predict profound growth in the use of these technologies within the health care environment over the next 5-6 years.
  • Virtual reality employs headsets or projected environments to generate images, sounds and other sensations that simulate a user's presence in a virtual environment. Augmented reality is a live view of a real-world environment supplemented with sound, video, graphics or GPS data.
  • In health care, these technologies serve a variety of purposes, such as allowing doctors to record patients during exams. Virtual and augmented reality also assist doctors during surgery, assist with vein visualization, and help with other medical functions.
  • AccuVein, a device used today, projects maps of patients' veins onto their skin, helping healthcare workers find the vein.
  • Reality technology continues to improve medical training accessibility, surgical planning, corporate communications and more.
  • Recent developments in reality technology have reduced the cost and enhanced the user experience.
  • The major market players currently producing virtual and augmented reality products include 3D Systems, Alphabet, Koninklijke Philips, Microsoft, and Orca Health.
  • Lucile Packard Children’s Hospital Stanford has implemented virtual and augmented reality to help engage and distract patients, educate patients and families, and assist surgeons in the operating room.

Use of artificial intelligence

  • The increase use of artificial intelligence (AI) in health care is perhaps the most prevalent of all recent medical transformation trends because the technology has so many different applications.
  • AI is driving the transformation of medical care by opening the door to more accurate diagnostics, safer surgery, shorter waits and reduced rates of infection.
  • Robot doctors have an increasing presence in the hospital setting, and they are driving change with enhanced cost-efficiency and higher accuracy in care.
  • AI tools such as smart wearable devices and applications that allow the mobile storage of medical records are giving patients greater control over their medical care.
  • Major companies are focused on the use of AI in health care. Among many AI products, IBM's Watson Health enables health experts to apply cognitive technology to provide a wealth of diagnosis and related information.
  • Microsoft is another leader in the field of artificial intelligence. The company launched a $40 million program last year called AI for Health, which uses AI tools to address health care challenges.
  • Earlier this year, a global pharmaceuticals company joined with the MIT School of Engineering to forge innovation in AI applications for health care and drug development.




Part
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Part
04

New Entrants in Health and Wellness 3.0

Employers are aware that unhealthy employees can be bad for the bottom line due to reduced productivity, higher healthcare costs, higher absentee rates, and other costs. This awareness, coupled with innovative strategies and based on the general tendency to incorporate movement directly into employees' workdays, constitutes the most potent argument why players from the health and wellness 3.0 sector have an enormous potential for growth. Some of the recent entrants to the sector mentioned above have found innovative ways to tackle the ever-changing business environment and consumer's needs. While companies as Gympass and Peloton enable employers to involve their workforce in physical activity and to encourage them to be more active, Mayo Clinic Executive Health found a solution for busy executives and leaders to take care of their health.

Gympass

  • Gympass is a B2B platform that enables companies to involve their workforce in physical activity and to encourage employees to be more active by providing access to the largest global network of workout facilities. It encompasses 11,600 gyms, 570 activities, and 3,103 cities with Gympass. It offers a win-win option to proactively reduce healthcare costs while allowing employees to choose the fitness plan that best adjusts their lifestyle. Founded in 2012, the company started in Brazil and moved its headquarters to New York in 2018.
  • Gympass's innovative strategy relies on the growing importance of Talent Management, on nurturing talent in the corporate structure special treatment, which can be precisely the thing to tip the scale that keeps top talent in the company and performing at its best. In 2018, the global talent shortage was at its highest in the last 12 years. By 2030, talent shortages are expected to impact the financial and business services sector significantly.
  • Initially, the company used a B2C business model, selling day passes to gyms until a major consulting firm showed its interest in signing up for the whole company. This event reshaped the company's future. In 2019, SoftBank Group Corp. announced a $300M investment in Gympass which made the company to be valued at more than $1 billion.

Mayo Clinic Executive Health

  • One of the 2019's winners for best business in Minnesota, Mayo Clinic Executive Health, has been developed in response to a summons from business executives and corporations that recognized the importance of maintaining the good health of their leaders.
  • Mayo Executive Health patients get comprehensive medical exams and preventive screenings in one thorough visit. Providers aren't focused solely on tests and metrics, but also on stress management, wellness counseling, sports medicine, and cosmetic treatments. Mayo offers a hub for busy executives to take care of all their health care needs.
  • Mayo Clinic offers corporate enrollment and claims that its programs offer companies the best instrument to engage their team members in a healthier way of life. Their motto is that a healthy executive team drives a healthy business.

Peloton

  • Peloton Interactive Inc is a fitness startup known for on-demand workout programs on its exercise bikes or treadmills. It offers boutique-quality classes to in-home consumers who buy both internet-connected equipment and a monthly programming subscription and claims it "sells happiness." The company's goal is to bring captivating and challenging workouts into people's lives in a more accessible, affordable, and efficient way. It is a great solution for remote work, which can often feel overwhelming, isolating, and chaotic.
  • Peloton features up to 950 live classes taught by instructors like Robin Arzon, a writer and an RRCA-certified running coach and ultramarathoner. Instructors are not just excellent, they are some of the best in their respective fields. Peloton also offers thousands of on-demand classes that members can stream at any time, and a mix of other workouts, from running to strength training to yoga and meditation (no equipment required).
  • Over the past three years, Peloton has shown some impressive revenue growth. At the end of 2019, Peloton had more than 1.6 million members and had sold 577,000 of its connected fitness products. Last fall, the company went public with an initial public offering (IPO). It raised $1.2 billion (an amount that almost doubled its valuation), which will allow for even more innovations from the company and for Peloton to be rolled out to more markets.
  • Peloton's market is still young and growing, but it's also highly competitive. However, the company's stationary bike might be the product that hits that niche. For $2,000, the bike manages to combine into one package the fitness device, the progress-tracking application, and the online streaming content making Peloton one of the most prominent player in the emerging subscription-fitness space.
  • An Alpha report from 2018 indicated that 54% of Americans who exercise at least once a month are interested in purchasing an at-home fitness system. These together with the increased general interest for a healthy lifestyle. Recently, the company announced that it is stretching its regular Peloton App 30-day free trial to 90-days free in light of the COVID-19 outbreak. The app is available on Android, iOS, Amazon Fire TV streaming devices and smart TVs, Chromecast, as well as most computers and tablets. As gyms are closed due to the outbreak, the majority of streaming fitness companies have suspended filming. Peloton, however, continues to produce content with the instructor alone in the room and a skeleton crew.

Equinox

  • The luxury fitness chain is not new in the health and wellness industry. Equinox offers a holistic approach to fitness, including group fitness classes, personal training, spa services, apparel, food & beverage, and experiential travel. The company desires clients engaged in well-being in addition to fitness, and this in a luxurious style. Equinox has corporate membership affiliations with hundreds of firms. Employers are more and more aware that unhealthy employees can be bad for the bottom line, and here comes the promising future of Equinox.
  • In June 2019, Equinox opened its first hotel in New York which incorporates the same philosophy as Equinox Fitness Clubs, and encompasses a 360-degree lifestyle travel experience with a simplified interplay between work, rest, self-indulgence and discipline.
  • The innovative concept targeting wellness-conscious travelers was inherent to the company's research, which showed that Equinox members were choosing hotels in proximity to Equinox gyms. These findings, combined with the recent growth of wellness travel, pave a promising future for the company as it plans to open more hotels.
  • Furthermore, in recent years, Equinox has used technology to boost its business. The company developed AI-driven apps that utilize individual user data to tailor workouts and improve results. Equinox's digital coach is an AI bot that learns from each individual member and offers customized work reminders and fitness plans. The company has also developed Halo Neuroscience headphones, which cause non-invasive transcranial direct current stimulation (tDCS) and improve athletic performance according to a study from 2017.
  • These times are great for Equinox, and demand for their brands has never been more significant. Looking at broader macro-trends, it is clear that "health is the new wealth." People are more willing than ever to invest in a healthy lifestyle and travel. Equinox's most significant appeal is physical space, which has a sense of exclusivity and comfort; in crowded cities, free space is the ultimate luxury. Nonetheless, the fitness-hospitality nexus enables people to continue their exercise routines during travel.
  • Work It

    • Work It in St. Paul, Minnesota, claims to be the world’s first fitness-branded co-working space, it has made international news as the first health integrative shared office space in the world. For a $300/month membership, Work It offers ample free parking, fitness equipment, full kitchen, inclusive bathrooms, lactation room and a business address. The company states that its co-working space allows clients to focus on their health and fitness as they work.
    • Work It's business model reaches to freelancers. With the growth of freelancing and remote work, the company is targeting the growing number of workers who don't have access to an appropriate workplace. The professional environment offered is way better than a noisy, distracting coffee shop. The company serves its clients with active workstations and a built-in network of like-minded professionals.

    Life Time

    • Life Time, Inc. is a company which helps organizations, communities and individuals achieve their total health objectives, athletic aspirations and fitness goals, both inside and outside of Life Time's facilities. Their Healthy Way of Life approach enables our customers to achieve success by providing the best places, people and programs of exceptional quality and value.
    • Life Time Fitness's business model has been regularly refined and is both based and dependent on driving membership growth by ramping memberships and optimizing membership mix and pricing after a new center is opened. Once a center matures, it maintains a tight expense control and retains the dues stream.
    • In 2017, Life Time Fitness, Inc. changed its name to Life Time, Inc. and started transforming from a fitness center business into an all-encompassing, “healthy way of life” brand with co-working, healthcare, retail, and residential components. Therefore, in 2019, Life Time already had four co-working spaces, which is considered one of the latest gig economy creation.
Part
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Part
05

Top Players in the Health and Wellness 3.0 Sector (1)

Some of the biggest players in the Health and Wellness 3.0 sector include Health Fitness, Virgin Pulse, Limeade, Grokker, Training Amigo, and Wellable. Similarities include the ability to customize the program and integrate with other wellness trackers and wearable devices. Differences were found amongst the approaches and scope of included wellness areas.

Health Fitness

Virgin Pulse

Limeade

  • According to the Limeade homepage, "the Limeade platform unifies employee well-being, engagement and inclusion solutions with industry-leading communications capabilities." Additionally, "the Limeade ONE platform empowers companies to create an intentional employee experience that demonstrates care by reaching every employee, listening to them and offering activities, resources and programs." Limeade is also able to be integrated with other wellness apps.

Grokker

Training Amigo

  • Training Amigo had revenue at $5 million in 2019.
  • Training Amigo is recommended by G2.
  • "Training Amigo is a veteran-owned wellness company offering preventative health care education, screenings, and gamification features that inspire employees to reach their next level of health and fitness. The Training Amigo team includes military veterans, business professionals, and wellness professionals who are revolutionizing the corporate work environment." The mobile program is customizable and incorporates areas of lifestyle, health, fitness, stress, workplace, and food into one unified process to easily facilitate employee engagement, wellbeing, recognition, and rewards.

Wellable

  • Wellable raised $100,000 in funding in 2018, and serves clients in over 23 countries.
  • Wellable acquired the wellness companies On the Move from WELCOA in 2019, and Chasing Nirvana Yoga in 2020.
  • Shortlister names Wellable the number one corporate fitness provider in 2020, and Wellable is also recommended by G2.
  • According to the company's LinkedIn page, "Wellable delivers customizable, highly-engaging, employee wellness programs for employers to drive a culture of wellness, improve employee productivity, satisfaction, and retention. Wellable's wellness technology platform combines popular fitness trackers, mobile fitness apps, web tools, health content, and traditional wellness services, such as fitness classes, webinars, health coaching, to deliver robust, highly effective wellness programs. The Wellable platform makes it easy for employees to track their healthy behavior, earn rewards, and compete in fun and friendly competitions." Wellable allows employers the ability to customize the program, as well as integrate with all other major wellness apps.

Research Strategy

Biggest players were determined by a number of factors. When revenue information was not available, company size was triangulated from growth indicators including: total outside funding, number of clients or overall global reach, or acquisitions of other companies. Shortlister was considered a credible source for expert recommendations; it is a comprehensive service to businesses that helps them find appropriate wellness partners, and has considered over 500 vendors. G2 was considered a credible source for expert recommendations; it has been featured in major publications such as Forbes, it provides comprehensive wellness company overviews, it offers feedback from businesses using the wellness programs, and its services are used by major companies such as eBay, Nike, and Ford. Wellsteps's top recommendations were considered credible expert recommendations, due to the fact that Wellsteps facilitates contracts between these programs and corporations, and because Wellsteps received the Koop Award in 2020 for its implementation of a wellness program for one of their clients. This award recognizes the nation's most effective wellness program. A recent in-depth market report from January 2020 by HTF Market Analysis Consulting may be of additional interest (link to free sample request before purchase), as it includes analysis of Virgin Pulse, Limeade One, Training Amigo, Grokker, and other industry leaders.
Part
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Part
06

Top Players in the Health and Wellness 3.0 Sector (2)

In 2018 the corporate wellness market in North America had the highest market share of 37.42%. By 2023 The Global Corporate Wellness Market is expected to reach $61.95 billion. In North America, more than 80% of employers offer corporate wellness programs.
Among the top players in the health and wellness 3.0 Sector are ComPsych, Interactive Health, Vitality, Curalinc Healthcare, LifeWorks by Morneau Shepell and Privia Health.

ComPsych Employee Assistance Programs, Inc

  • ComPsych has an annual revenue of $98 million with the client portfolio of over 50000 organizations throughout the US and other countries.
  • ComPsych was acquired by Summit Partners in March 2017. Nowadays ComPsych is a fully privately-held company, as they do not appear to be on Summit Partners Investments list.
  • ComPsych is recommended by Shortlister as one of the Top 10 EAP Providers. ComPsych was named a key player in Corporate Wellness Market Size, Share & Trends Analysis Report.
  • ComPsych offers the GuidanceResources® platform that addresses all the issues faced by the workforce, including employee assistance programs, behaviors health programs, work-life services, health & wellness and health navigation, absence management, FMLA administration and organizational support. The health & wellness and health navigation are covered by HealthyGuidance® solution which includes health assessments, tobacco cessation, weight management, lifestyle coaching, worksite wellness challenges, mobile and online tools and incentive tracking and ongoing education and communications.

Interactive Health Inc

  • Interactive Health Inc had an annual revenue of $404 million in 2019. Company has over 2000 clients and 1 million users. It's included in the United States Top 10000 Health Care Companies.
  • In March 2014 Interactive Health acquired Health Solutions. In July 2015 FFL acquired Interactive Health. Then in November 2016 Interactive Health acquired Relax The Back Corporation to expand in the spinal health care market.
  • Recommended by Shortlister.
  • Interactive Health offers innovative and flexible wellness solutions for employees. Their digital platform "MyInteractiveHealth.com offers round-the-clock fun and engaging content that drives healthy habits and encourages participants to take action every day." The company offers annual health evaluations and health awareness programs (including pre-diabetes testing), counseling services and health coaching.

Vitality

  • Vitality had an annual revenue of $42 million in 2019. Company has over 16 million members across 24 markets and owns more than 150 patents. Two of Vitality's partners — Baylor College of Medicine and Ericsson have received 2019 C. Everett Koop National Health Award.
  • In December 2016 Discovery Partners Markets in Europe and Vitality Group in the United States merged and started operating under the name Vitality Group International. Both companies are managed by a global financial service organization — Discovery Ltd.
  • Recommended by G2 and WellSteps. Vitality was named a key player in Corporate Wellness Market Size, Share & Trends Analysis Report.
  • Vitality offers customizable wellness solutions for employees. Organizations can choose between 3 options: Vitality One, which is a mobile solution that offers a personalized experience with rewards for weekly goals completion; Vitality Elevate — a platform offering Health Risk Assessments, customizable personal pathways, points and rewards system; Powered by Vitality — designed in partnership with Apple offers employees a chance to use their Apple Watch and participate in weekly activity goals, track the progress and receive rewards.

Curalinc Healthcare

  • Curalinc Healthcare had an annual revenue of $22 million in 2019.
  • In March 2017 Curalinc Healthcare acquired Pathways EAP.
  • Recommended by Shortlister.
  • Curalinc Healthcare offers a suite of employee assistance programs (EAP), behavioral health and wellness programs, emotional fitness coaching ('text therapy') and student assistance. Curalinc's EAP improves productivity, retention rates and employee engagement, as well as offers organizations a chance to assist "in areas such as workplace trauma, corporate training and management consultation." Curalinc's wellness programs offer "a comprehensive health management solution that engages individuals on a personal level while working to improve the overall health and wellbeing of the organization."

LifeWorks by Morneau Shepell

  • LifeWorks by Morneau Shepell had an annual revenue of $76 million in 2019. Company has more than 15000 clients in 170 countries, including Dr. Martens, The Savoy, London City Airport and Nestle.
  • In July 2018 Morneau Shepell acquired LifeWorks for CA$426M.
  • In 2019 LifeWorks Ltd won the Gold award for Best Mobile Digital Health Resource, Merit awards for Digital Health Media and top honors in the Mobile Digital Health Resources.
  • Recommended by Capterra and Shortlister.
  • The World's biggest employee assistance provider (ERP) solution that combines employee assistance, wellness, news feed & recognition, perks & savings, workplace learning solutions, reporting and insights.

Privia Health, LLC

  • Privia Health, LLC has an annual revenue of $18 million.
  • Privia Health has raised $417.5 million in funding over 3 rounds. Privia Health is funded by 7 investors, Cardinal Partners and Pamplona Capital Management are the most recent.
  • Privia Health received 2017 and 2019 MAP Award for High Performance in Revenue Cycle by the Healthcare Financial Management Association, and an Innovation Award at the 2019 HIMSS Annual Conference and Exhibition.
  • Privia Health was named a key player in Corporate Wellness Market Size, Share & Trends Analysis Report.
  • "Privia Health is a national physician organization meeting providers where they are to transform the healthcare delivery experience. Through high-performance physician groups, accountable care organizations, and population health management programs, Privia works in partnership with health plans, health systems, and employers to better align reimbursements to quality and outcomes." Privia Health delivers customized and innovative medical benefits packages that include developing health plans for employees, direct primary care programs, user-friendly interface and patient engagement tools.

Research Strategy:

While choosing the top players on the market, a few key parameters were considered: the revenue information, acquisitions, investments and rankings by a variety of credible sources. The credible sources that were considered are overviews of the reports such as Corporate Wellness Market Size, Share & Trends Analysis Report from February 2020 (the full report is available for purchase here); Global Corporate Wellness Market (2018–2023) report from August 2019 (available for purchase here).
Other credible sources include Capterra — a platform that offers research and user reviews for businesses on a variety of software applications, in this case, we worked with the best Corporate Wellness Software list. G2 is another credible source, similar to Capterra, that helps companies find the right solution for their business. Similarly, Best Corporate Wellness Software list was used. Wellsteps, which is another employee wellness solution, wrote a blog post about top corporate wellness companies. The company is well-known in the health and wellness industry. Therefore, this source can also be considered as credible since they know the products and services offerings. Shortlister offers the top 11 EAP providers list dated January 2020. Shortlister is also a vendor matching tool that is used by Fortune 1000 companies, the list is also very recent, therefore credible.
It is also recommended reviewing the Employee Assistance Program Services Industry in the US — Market Research Report, it provides industry trends and outlook, statistics and a detailed analysis of the biggest players on the market (including ComPsych). The report can be purchased here.


Part
07
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Part
07

Top Players in the Health and Wellness 3.0 Sector (3)

Additional top players in the Health and Wellness 3.0 sector include StayWell, Wellness Corporate Solutions, IncentFit, EXOS, BurnAlong, and MoveSpring. Key players are focusing on the motivational and engagement aspects of their programs, in addition to being highly customizable to clients.

StayWell

Wellness Corporate Solutions

  • Wellness Corporate Solutions (WCS) had $22.7 million in revenue in 2016. Revenue for 2019 is indicated to be between $100 million to $500 million (paid report available here).
  • In 2016 Wellness Corporate Solutions began to partner with Zillion Group, "a leading technology solution for digital engagement, [in] a new strategic partnership to enhance cost-effective, scalable digital health coaching solutions."
  • WCS is recommended by Shortlister and Wellsteps, and has worked with Fortune 100 companies, and over 700 private- and public-sector clients.
  • WCS offers biometric screenings, health coaching, flu vaccinations, and comprehensive wellness programming. Their registered dietitians perform on-site education and remote health coaching. WCS creates customized programs for each client, which may include 8-week campaigns and wellness challenges.

IncentFit

EXOS

  • EXOS has raised $47.1 million in funding, and has 600 sites in over 30 countries.
  • EXOS acquired D1 Sports Medicine in 2017, and MediFit in 2014.
  • EXOS is listed in the Corporate Wellness Market Report as a key player.
  • The EXOS program offers "a combination of wellness services, technology, fitness facilities, and performance staff, and are always within reach — online, via mobile apps, and through in-person coaching." EXOS recognizes that different age groups may have different needs which motivate them, and EXOS therefore incorporates and customizes activities, approaches, and events to each business.

BurnAlong

MoveSpring

Research Strategy

The size of companies was determined by revenue when available. Other factors considered as significant indicators of key players include total funding, acquisitions, high-profile corporate clients, and market reach. Shortlister and Wellsteps were considered expert sources due to their comprehensive company analyses, industry expert reviews, and activity within the wellness realm. G2 and Capterra offer reliable reviews by industry experts and users. Other reports used to select biggest players include the Corporate Wellness Market Size, Share & Trends Analysis Report from February 2020 (full purchase here), and the August 2019 Global Corporate Wellness Market (2018-2023) report (full purchase here).
Sources
Sources

From Part 01
Quotes
  • "Instead of pursuing scale, Jason is more interested in optimizing the output of each individual employee, ensuring that the company turns a profit every year, and cultivating an environment where people want to work for a long time. "
Quotes
  • "A study released in September 2019 by Mavenlink, the leading provider of cloud-based software for the modern services organization, found that burnout and pay are the top threats to retention."
Quotes
  • "Now that burnout is officially a chronic workplace crisis, more companies realize it’s to their advantage to promote the well-being of employees and healthy work environments. "
  • "More Fortune 100 companies are finding that integrated time off during the workweek and onsite meditation and yoga benefit both payroll and personnel. Three innovative burnout prevention practices: Gamification at NICE, Thrive Time at Thrive Global, and Signing Off With Blood, Fire and How Much? at Maestro Health are leading the way to a new normal."
Quotes
  • " “Our findings show that health behaviors can respond to a workplace wellness program, but they also temper expectations of realizing large returns on investment in the short term,” "
  • "Worksites offering a wellness program had an 8.3 percentage point higher rate of employees who reported engaging in regular exercise and a 13.6 percentage point higher rate of employees who reported actively managing their weight, compared to those working at sites where a program wasn’t offered."
  • "The program had no significant effects on other outcomes including 27 self-reported health and behavioral measures such as employees’ overall health, sleep quality and food choices; 10 clinical markers of health; 38 measures tracking spending and utilization for doctor’s visits, medical tests, procedures and prescription drugs; and three employment outcomes—absenteeism, job tenure and job performance."
Quotes
  • ""Behavior is more complicated than simply taking a few wellness modules," Aldana said. "It's a lifestyle matrix or pattern you have to adopt.""
From Part 03
From Part 04
From Part 05
Quotes
  • "total employee wellbeing solution that drives sustainable, long-term behavior change and strengthens workforce cultures by providing daily engagement tools, personalized micro-learning, and targeted communications"
  • "team-based competitions, activity and healthy habits. Virgin Pulse Core is a modern health management technology solution that helps organizations identify and mitigate employee health risks and reduce healthcare costs."
Quotes
  • "Wellable delivers customizable, highly-engaging, employee wellness programs for employers to drive a culture of wellness, improve employee productivity, satisfaction, and retention. Wellable's wellness technology platform combines popular fitness trackers, mobile fitness apps, web tools, health content, and traditional wellness services, such as fitness classes, webinars, health coaching, to deliver robust, highly effective wellness programs. The Wellable platform makes it easy for employees to track their healthy behavior, earn rewards, and compete in fun and friendly competitions."
Quotes
  • "The Limeade platform unifies employee well-being, engagement and inclusion solutions with industry-leading communications capabilities."
Quotes
  • "The Limeade ONE platform empowers companies to create an intentional employee experience that demonstrates care by reaching every employee, listening to them and offering activities, resources and programs."
Quotes
  • "Training Amigo is a veteran-owned wellness company offering preventative health care education, screenings, and gamification features that inspire employees to reach their next level of health and fitness. The Training Amigo team includes military veterans, business professionals, and wellness professionals who are revolutionizing the corporate work environment."
From Part 06
From Part 07
Quotes
  • "specializes in helping its clients engage and educate people to improve health and business results"
Quotes
  • "awarded the Gold Prize by the Golden Bridge AwardsⓇ for their health and wellness video platform, for outperforming traditional wellness programming 5X"
Quotes
  • "a combination of wellness services, technology, fitness facilities, and performance staff, and are always within reach — online, via mobile apps, and through in-person coaching"
Quotes
  • "ultra competitive leaderboards to collaborative team challenges"
Quotes
  • "a leading technology solution for digital engagement, today announced a new strategic partnership to enhance cost-effective, scalable digital health coaching solutions"
Quotes
  • "to leverage their combined scale to drive well-being and engagement solutions to even more employees and patients"