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Capitalizing on Financial Incentives for Better Health

Capitalizing on Financial Incentives for Better HealthHealth and wellness can come without a huge price tag, a fact that many people make the mistake of doubting. If your health company can establish that it’s true, you will benefit from the loyalty of the financially savvy customer. And these days, more and more people are focusing on finances, particularly within the realm of health.

So, how do you use financial incentives to encourage better health? Like many questions in the health industry, the answer begins with education. You must educate your patrons and help them discover the ways to save financially while improving their health. Here are just a few examples:

  • Gym Membership – Several studies have found that people who paid more than $50 in gym membership attended fewer than five times each year. That’s $10+ each time. Gyms could change membership perspective by saying that a member should try to attend at least one time for every dollar spent. That way, the cost of membership is less than $1/day!
  • Preventative Health – Doctor visits are expensive, even with insurance coverage. Being ill also means paying for medicine, potentially missing work, and losing income. Because of the financial risk, people should invest in preventative health measures such as flu shots and exercise to stay healthy!
  • Employee Health – Employment-based health programs are seldom taken advantage of. In fact, even though approximately 70% of companies have some form of health program, only 7-21% of employees participate. This measure could be changed by the employer or a partner organization offering a contribution toward a health savings account in exchange for participation.
  • Lower Thermostat – Heating a home or apartment can be expensive, particularly in the winter. People can save money and sleep better by turning the thermostat down at night to between 60 and 67 degrees, the ideal temperature for REM sleep.
  • Vegetarian Diet – For those who have trouble with weight gain, high blood pressure, or diabetes, eating a lot of meat could be a contributing factor. Dieticians and health coaches should suggest the multiple benefits of a vegetarian-like diet which reduces meats and increases the consumption of beans, rice, and vegetables. This type of diet isn’t only healthier but saves money (as much as $750 per year).

Just as with each of these points, financial incentives can drive the sales of a product. If your company is building a supplement and searching for a quality health ingredient or looking for quality health products to stock the shelves without breaking the bank, invest in InterHealth.

Super CitriMax® is just one health ingredient that has been extensively studied and found to help patients lose weight. It helps reduce daily caloric intake by 25%. To find out more about the four publications in which it has been studied or about other InterHealth ingredients, email info@interhealthusa.com.

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