At the end of each year, a hush falls over the world, as it awaits the arrival of…
…the annual end-of-year wellness wrap-up that Jen Arnold and I record for her Redesigning Wellness podcast! It’s here!
This year was no different. Of course, this year was completely different, but Jen and I still managed to offer some reflections on 2020 in employee wellness. Unlike previous years, this time we forgot to prepare for took a pass on the nerding out on analysis of peer-reviewed studies that have tested the patience of delighted audiences in years past.
Oh, we have predictions. We’ve got nothing. Our best shot at predictions were: Continue reading »
Work-from-home, social connection, telehealth, social justice, mental health… and, of course, the COVID-19 disease itself have been the hot topics of 2020 in the employee wellbeing world.
Meanwhile, the US wellness industry — the business of employee wellbeing — grinds on, with a slew of trends and transactions that foretell its future. Here, I’ve summarized the commercial patterns and milestones that signal which doors are closing and which may open. Continue reading »
Today’s big news in the employee health industry is the merger of telemedicine company Teladoc Health and virtual disease management company Livongo. Both have been high flyers in 2020, with their revenues and their stock prices (Livongo just celebrated the one-year anniversary of its IPO and has been a Wall Street darling since then) skyrocketing. Each of the two companies stock prices are up by more than 100% year-to-date.
Telemedicine has been all the rage among employee benefits directors for at least five years, but utilization remained lackluster until this year, when the COVID-19 pandemic radically accelerated consumer uptake.
Benefits of the merger include “joining two leaders in consumer behavior change,” according to a joint news release.
Speaking of behavior change, both companies’ stocks made it onto the markets’ Biggest Loser list on the day of the merger announcement, with Teladoc down 19% and Livongo off by 11% — the second and fourth biggest losers for the day, respectively.
Teladoc Health reaches agreement to buy Livongo in a $18.5 billion deal
I don’t know what’s going to happen to the economy or what course the coronavirus pandemic will take. But I’ve had time to reflect on what a new world order may mean for employee wellness and the future of work.
Here are 10 hopes, fears, and questions (not predictions):
1) We’ll re-frame “meaningful work” — I recently heard, in an interview, a worker who delivers tortillas to grocery stores poignantly articulate what will prevail as a fresh take on meaning and work: Continue reading »