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(Photo: http://www.newscom.com/cgi-bin/prnh/20080826/LATU074)
In addition to providing QAD employees and their dependents with auser-friendly kit to screen for diabetes and heart disease, the BioIQ serviceenables them to discover disease risk factors via an interactive healthassessment. Participants order the kits online, test themselves at home, maila tiny blood sample to BioIQ's lab, and then view test results through secure,password-protected accounts. BioIQ also provides certified health coaches viaa toll-free number. Additional information can be downloaded athttp://www.bioiq.com/press/bioiq_fact_sheet.pdf.
"Our biggest asset is our workforce," commented Murray Ray, chief peopleofficer at QAD. "BioIQ is one of the health care benefits that positions us asa caring employer."
BioIQ will roll out and administer QAD's health-screening program,including signing up participants, delivering test kits, presenting labresults, and creating aggregate health reports for management. Participantsare encouraged to share their lab reports with a doctor for diagnosis,treatment and follow-up.
"BioIQ empowers individuals with critical information about their healthand alerts employers to important trends within the workforce, such as a highincidence of diabetes or pre-diabetes," said Justin Bellante, CEO of BioIQ.
According to Mr. Bellante, employers that have implemented BioIQ'shome-testing programs have boosted participation in their health-screeninginitiatives by as much as 100 percent. These higher participation rates have apositive impact on a company's bottom line. The American Institute forPreventive Medicine calculates direct and indirect savings of between $3.93and $5.93 for every $1 spent on work-site wellness programs, citing more than100 studies on the subject published over the last ten years ("The Health &Economic Implications of Worksite Wellness Programs," 2008).
Mr. Ray acknowledged these potential cost savings and also emphasized theintangible benefit of letting employees and dependents conduct private healthscreenings at home. "BioIQ lets us turn a very negative thing -- the risingcost of health care benefits -- into something very positive: a way todifferentiate ourselves from other companies," he said. "By improving ouremployee value proposition, we increase our ability to attract and retain goodtalent."
BioIQ (http://www.bioiq.com) is a health care IT company that develops andmarkets health screening solutions for diabetes, cancer, heart disease, kidneydisease, thyroid disorder, and osteoporosis.
QAD (http://www.qad.com) is a leading provider of enterprise softwareapplications for global manufacturing companies.
SOURCE BioIQ
