A new CHIBE research study published in American Journal of Health Promotion found that comparing performance to average peers and offering financial incentives was the most effective method for increasing physical activity among teams of employees. "Many employers are using workplace competitions and financial incentives to encourage physical activity and other healthy behaviors among their employees," says Mitesh Patel, MD, MBA, MS, lead author of the study. The research team's findings demonstrate that these efforts can be successful when behavioral economics principles are applied.
Source: CNBC, December 18, 2013
As part of CNBC's "Innovation Cities" series, the network interviewed Kevin Volpp along with Project Managers Amanda Hodlofski and Lisa Wesby about their research incentivizing medication adherence using GlowCaps. These studies provide immediate feedback to participants using small incentives for taking prescribed medications.