Data is everything when it comes to managing health insurance costs. Unfortunately, most employer insurance plans leave management in the dark when it comes to the cost drivers that affect annual premium increases. Many employers feel powerless without claims information and simply pay the higher premiums.
Group health captives make data and biometrics available to employers which can be used to make informed decisions. Data allows employers to strategically plan for future medical and pharmacy services. Our lead employee benefits consultant will assist you in analyzing:
Our data analytics process provides timely custom reports and allows for for data-driven decision making. It helps predict trends in costs and implement plans to deal with increases. The end result: lower health care costs and healthier employees.
The analysis of data enables us to do the following:
- Help control the rising costs of prescription drugs.
- Compare your healthcare costs with markets at the national, regional, and local levels.
- Identify opportunities to work with lower cost, high-quality physicians.
- Create custom reports to provide clear and complete information.
- Assist with the design of your health insurance plan.
- Make your employees healthier and happier through access to better information and reward programs.