As healthcare costs continue to increase, it is now more important than ever to understand exactly how you are spending your healthcare dollars. Our technology enables organizations to conduct ongoing utilization review in order to understand and control benefit costs. By monitoring utilization throughout the benefits lifecycle, companies can identify trends in spending and create more effective health plans for the upcoming year.
Benefit Informatics provides access to utilization analytics without the administrative complexity typically required to collect and maintain this type of data. We make it easy to monitor claims activity, identify various trends and pinpoint the health and wellness concerns your company needs to address. We also provide access to shock claim detail and stop-loss trigger reports, which help you to predict healthcare cost drivers.
Benefit Informatics technology helps your company achieve true healthcare cost transparency by monitoring costs and usage throughout the year. We consolidate utilization data from multiple stakeholders, including employees, dependents, health plans, hospitals and providers, and then present it to you in an easy-to-understand format.
Healthcare cost transparency allows your company to:
- Manage and control healthcare costs
- Understand how medical costs influence premiums
- See exactly where your healthcare dollars are going and why
- Facilitate informed decision making and planning
- Create more efficient and effective plan designs
- Maximize the ROI of your benefits investment