The rising cost of medical insurance is one of the most significant challenges facing employers across the globe. Over the past few years, we have witnessed the medical trend rate continuing to exceed inflation rates, and extensive disruption in insurance and healthcare. 

 

What’s driving medical insurance increases

Rapidly aging population.

Growing incidence of Chronic Disease, particularly among those in their

30s and 40s

A population that is living longer but with more Illness.

Providers and facilities that do not have the capacity and technology to meet the growing demand population.

 

Decision making through the use of data and analytics

 

In this challenging environment, employers have to find a balance between meeting their company’s expense expectations and effectively caring for their employee’s. To achieve equilibrium, employers need both historical and future views of their benefits program to effectively allocate capital, manage expectations, and achieve results.

 

Introducing BenefitMAP™

 

BenefitMAP™’s digital platform, using a combination of your data, analytics, and technology, enables employers to make informed decisions using real-time analysis based on their unique employee census data. BenefitMAP provides: 

 

A forward look

BenefitMAP delivers a clear, informed view of future costs of coverage and potential savings

 

A customized financial view

BenefitMAP combines claims benchmarking with customized plan design to enable clients and prospects to assess predicted costs and potential savings tailored to their specific needs.

 

Optimal decisions

BenefitMAP combines claims benchmarking with customized plan design to enable clients and prospects to assess predicted costs and potential savings tailored to their specific needs.

 

BenefitMAP summary

 

Employers can find the right balance between effectively caring for their employees and managing costs through the use of data and analytics. By harnessing the power of empoyee census data; BenefitMAP can provide an analysis of how an employer compares to a peer, offer inssights into what will happen if no changes are made to a medical plan and deliver solutions on how to mitigate cost increases. 

 

Delivering optimal and sustainable employee health benefits is achievable.

 

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