Just seven diseases and conditions account for 40% of all health care spending on treatments. Employers in the Everlong Captive utilize one of the leading providers of population health analytics and predictive modeling to identify and manage costly and complex health issues among their employees.
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How Utilizing Data Can Impact Health Costs, Improve Employee Health
Employee Benefit Adviser
Forget tweaking healthcare plans. Analyzing data might be the key for how employers can really start to save money on healthcare. Companies need to look beyond just the financial numbers, experts say. Instead, look at the bigger picture, from health risk and claims data to how new treatments and therapies can impact employee productivity and presenteeism, as a way to improve customer service and save on health costs.
The data that drug companies and device makers gather from trials on treatment efficacy provides the basic clinical evidence,but there also is a host of data from other sources that helps indicate what is happening to an employer’s population, he said, speaking at the Integrated Benefits Institute/Patient-Centered Outcomes Research Institute regional forum Tuesday.
From health risk assessments to claims data, employers can get a robust amount of information when crafting health programs.“Focusing on improved health is how to bring costs down, rather than manipulating the health plan,” said Brian Davey, director of health and safety at the World Bank.
Read More: https://www.benefitnews.com/news/how-data-can-impact-health-costs-improve-employee-health
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