Timothy Magaw for Crain’s Cleveland
Keeping employees healthy is a good business plan these days as health care costs continue to inch upward, and a Solon-based company appears to be benefiting from helping employers do just that.
Launched in 2005, BeWell Solutions positions itself as a business that can improve an employer’s bottom line by reducing employees’ health risks through educational seminars, biometric screenings, health coaching and other tactics.
Revenues at BeWell, according to its top executives, are on the upswing, growing 100% in 2010 over the previous year and 60% on top of that in 2011. At present, BeWell is 40% ahead of where it was last year in terms of revenue, with “major opportunities in the pipeline,” said William Frankel, its executive vice president. Specific revenue figures were not disclosed.
The company recently moved from a 3,500-square-foot space in Beachwood to a 9,000-square-foot space in Solon to accommodate its growing employee base. The company employs 15 full time and 20 part-time staffers, which include nurses, medical assistants, phlebotomists and other health care professionals.
Mr. Frankel said one of BeWell’s greatest assets is that it’s owned and operated by physicians and doesn’t outsource its work. BeWell’s medical director and CEO is Dr. Ronald Golovan, who also serves as the Cleveland Indians’ team doctor.
BeWell’s client roster includes companies from across the country as well as several large local employers, among them Hyland Software in Westlake, US Endoscopy in Mentor and Vitamix Corp. in North Olmsted.
Health care costs at Automated Packaging Systems, a maker of packaging machinery and provider of packaging materials in Streetsboro, have started to trend downward in large part due to programs BeWell helped design, said Denise Gibson, the company’s human resources manager.