Are your Employee Benefits decisions driven by data and monitored through robust analytics?
Clients working with Insgroup receive a business approach for managing health plan design. Through our technology platform, clients have access to the data analytics necessary for improving the financial health of the company and the wellness of its employees.
A powerful facet of our technology is the ability to generate reports against actual claims data as soon as it becomes available. This gives Finance and Human Resources teams the ability to monitor the progress of health care objectives while managing the costs of health plans – just as you would any other aspect of your budget.
Without access to ongoing analytics, companies are challenged to mitigate claims expenditures and target cost savings in a timely manner. It is also more difficult to increase wellness within the workforce.
An Analytics Success Story
The ability to utilize plan modeling calculators with flexible filters provided our client with the data needed to analyze a specific population within their health plan.
By reviewing various models based on changing the plan’s deductible, the co-insurance percentage, and the out-of-pocket amounts, the company could see what the financial and personnel impacts would be (both positive and negative).
With this functionality, the client was able to pinpoint pharmaceutical plan designs with precision, and ultimately determine which health plan would be most beneficial to employees while containing costs to the organization.