How a company saves $ 300,000 with a Fitbit …

This was one of the objectives of Axa when it announced offering 1,000 smart health connected wristbands to its employees … The objective is clearly to reduce the medical bill by proving to insurers regular physical activity of its staff. A Silicon Valley start-up active in IT consulting and called Appririo has just announced that it has successfully renegotiated its health insurance costs 5% for its employees with its insurer, a saving of $ 280,000. In addition to this, the insurer has itself decided to offer the company $ 20,000 to finance the purchase of Fitbit Flex and the launch of a more comprehensive wellness program called CloudFit. In total, therefore, $ 300,000 was saved by a company of only 1,000 employees, 400 of whom used the bracelet, and only 100 agreed to share their data…

100 employees participated…

In addition, the 100 users in question only agreed to share basic statistics such as the number of daily steps. There was no question of sharing sleep or more sensitive data. The IT Appirio company took the opportunity to develop a dedicated social network-type application which thus made it possible to put users in competition and easily gather data. This example shows once again how the Internet of Things start-ups see the B-to-B relationship as a lever for growth. One of the pioneers in this regard was Withings: for some time now, it has been offering an application to allow companies to aggregate data.

But the insurer Cigna announced that companies could go even further than the 5% of the example above: According to him, it would be almost 13% of savings that could be realized through these types of initiatives. To go further, see our guide to buying smart health connected bracelets.