Software Vendor QAD Rolls Out BioIQ Health Testing Program to National... (ioIQ empowers individuals with critical ...)

Software Vendor QAD Rolls Out BioIQ Health Testing Program to National Workforce

Date:11/11/2008

ioIQ empowers individuals with critical information about their health and alerts employers to important trends within the workforce, such as a high incidence of diabetes or pre-diabetes," said Justin Bellante, CEO of BioIQ.

According to Mr. Bellante, employers that have implemented BioIQ's home-testing programs have boosted participation in their health-screening initiatives by as much as 100 percent. These higher participation rates have a positive impact on a company's bottom line. The American Institute for Preventive Medicine calculates direct and indirect savings of between $3.93 and $5.93 for every $1 spent on work-site wellness programs, citing more than 100 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 the intangible benefit of letting employees and dependents conduct private health screenings at home. "BioIQ lets us turn a very negative thing -- the rising cost of health care benefits -- into something very positive: a way to differentiate ourselves from other companies," he said. "By improving our employee value proposition, we increase our ability to attract and retain good talent."

BioIQ (http://www.bioiq.com) is a health care IT company that develops and markets health screening solutions for diabetes, cancer, heart disease, kidney disease, thyroid disorder, and osteoporosis.

QAD (http://www.qad.com) is a leading provider of enterprise software applications for global manufacturing companies.

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