Health Plan Efficiency and Data Analytics
Most employers receive limited insight into the underlying cost drivers of the medical plan. Without data and advanced analytics, it is virtually impossible to begin looking at ways to manage your health plan costs over time.Our proprietary analysis and data analytics deliver a deeper understanding of the underlying drivers of cost and provide a sophisticated way of looking at an employer’s benefit programs.
Detailed data analytics provide tools to analyze the health of the population to mitigate cost increases through:
- Utilization review to uncover missed opportunities and plan design inefficiencies;
- Negotiate with carriers and evaluate networks and claim audits;
- Create long-term benefits strategy and make impactful changes.