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How The New Broker Can Take The Lead With Predictive Modeling

How The New Broker Can Take The Lead With Predictive Modeling

Data analytics is the current and most effective means to achieving population health management, but let’s face it: To many employers, population health management is merely a health-benefits catchphrase, an empty expression that represents a goal but lacks the means to achieve it. However, in the right hands, data analysis is much more than that. Data analysis gives brokers the edge to fulfill population health management goals by providing common-sense human interactions to take action on the steps identified for plan performance.

The Self-Insured Employer: By The Numbers

The Self-Insured Employer: By The Numbers

The further we venture into our modern healthcare system, it becomes more apparent that the self-insured employer understands their potential to slash healthcare costs by creating and effectively implementing custom population health management programs. This is not so surprising of a trend, considering that health policy architects designed the Affordable Care Act and quality-based reimbursement initiatives to stem rising healthcare costs through population health management, as we reported in our ebook, "The New Broker."

APH in the News: Population Health Strategies

APH in the News: Population Health Strategies

Advanced Plan for Health founder and CEO, Neil Godbey, recently sat down with Benefits Advisors’ reporter, Matt Skoufalos to discuss the state of population health in relation to data management and care management performance. The following is a recap of the interview and the subsequent article. 

What Does Unsurpassable Drill-Down and Data Management Do?

What Does Unsurpassable Drill-Down and Data Management Do?

As a result of health reform, the role of the broker and health benefits consultant has changed. Employers are demanding more strategic guidance and rigorous data analysis to help them better manage their health plan amid skyrocketing costs. Reform pushes brokers and consultants to provide self-funded employer clients with a clear view of their plan and actionable steps for improving plan performance. 

How The Modern Broker Can Secure The Edge

How The Modern Broker Can Secure The Edge

For the modern broker, advanced data tools and predictive analytics may prove to be the difference-maker when it comes to closing the deal. But how do brokers differentiate themselves in a highly crowded market when seemingly every competitor has some sort of analytics upsell? 

Invaluable Advice from a Pioneering Data Analytics CEO

Invaluable Advice from a Pioneering Data Analytics CEO

Mr. Godbey recently published a pair of bylined articles full of health management insights and advice. Below are a few highlights from those articles.

The advice that Mr. Godbey provides in these articles is well-founded, actionable and based on years of experience and success in evidence-based solutions.

Rising Costs Call for New Insightful Tools for Population Health Management

Rising Costs Call for New Insightful Tools for Population Health Management

What does it look like to have true insight into a certain population’s health? The distinction between the two types of insight – technology-derived data sets and human expertise – is clear, both types are key to accurately assessing and improving the health of a population. It is important to understand the distinction and the application of each type of insight.  

 

Wellness Program Success Factors

Wellness Program Success Factors

In this climate of runaway costs, self-insured companies lack the necessary analytical tools and data to target and control spending or anticipate future trends. In fact, many are blindly investing in programs they hope will improve outcomes and reduce claims. Yet the desire to get patients to better manage their own health remains strong. That’s why fully 72 percent of employers now offer programs and services to raise participants’ awareness of their health status and risks (pg. 8).

Analytics, Group Benefits Design and The Battle Against Addiction

Like the war general, the best benefits brokers know that implementing a good benefits plan (or war plan) requires a mixture of science, art, technology and even psychology. When it comes to preempting costly diseases and health plan pitfalls, anticipation and an outside-of-the-box mentality is everything. To have a comprehensive understanding on how individuals function and behave within the health plan design is to be a step ahead of the curve.

What Benefits Managers Can Do Today to Immediately Reduce Healthcare Costs

What Benefits Managers Can Do Today to Immediately Reduce Healthcare Costs

The ability to predict and address costly healthcare patterns linked to an individual’s behavior is the holy grail of data analysis for health plan performance. Employers need the ability to determine whether a particular employee is highly likely to result in excessive costs that could otherwise be moderated by alerting the local health provider to take immediate actions.