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Plan Data Analysis
Plan data analysis can give multi-employer plan trustees a valuable insight into plan costs and usage to improve decision making and financial analysis. Plan data analysis can determine the root causes of cost increases, which allows for targeted and effective intervention to manage future health care expenses.
Segal's plan data analysis services include:
- Utilization reporting of claims in a plan
- Exploring emerging trends on utilization
- Working with trustees to set specific program goals and objectives that can be measured and monitored
- Developing an action plan to implement objectives and metrics for monitoring progress toward achieving set goals
- Working with vendors to make sure appropriate outputs/reports are being produced