This Company Saved Money By Tracking Employees With Fitbits

“One day soon, your company could hand you a fitness-tracking device as a gift.  The gift could have a sizeable payoff for the company. They could use it to track your fitness habits and, if you and your coworkers behave well, use that data to negotiate lower insurance premiums.  In fact, hot Valley startup Appirio did exactly that, handing out Fitbits to about 400 employees. And thanks to CloudFit, Appirio convinced its insurance company to lower its rates by 5%. That added up to a hefty  $280,000.  Thanks to provisions in the Affordable Care Act, which offers companies incentives for implementing wellness programs, and savings like that, more companies may try similar programs.”

http://finance.yahoo.com/news/company-saved-lot-money-tracking-005949318.html

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