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Health insurance benefits typically make up about 7.8% of total compensation. Using data analysis to drive smarter benefit plan decisions can increase efficiency and ultimately lower your costs. But to be successful, you need the right partner.
Through predictive modeling claims analysis R&K can pinpoint high cost and utilization problem areas and develop targeted strategies to address them.
By benchmarking your health plan against national norms (based on information from 21 million lives and $85 billion in claims) we can also help identify cost and utilization disparities in your health and prescription claims data.
R&K also offers advanced tools to help you and your employees choose the best plan during enrollment.
R&K will help you collect and analyze information, dig deeper to find problem areas, explore solutions through plan design modeling… and implement real solutions that save money.