HEALTHCARE BENEFIT PLAN COST REDUCTION PROGRAM

For this service to be of great value, you must have a minimum of 2500 plan participants 

We help clients better understand their potential risk before it occurs and then show them what to do about it.

Data Warehousing

We gather data into a single, secure and elastic data warehouse. Data are normalized to create a database for in-depth analysis and resides in an extremely secure encrypted environment.

ADVANTAGE 

Advanced automation that delivers your data with more accuracy and speed securely accessible through a cloud-based portal.

Descriptive Analytics
We define what has happened by identifying lag measures, providing high-level views of total block performance and drill down views of individuals by key metrics. We stratify risk down to the member level and what each member is likely to cost the plan over the next 12 months.
 
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ADVANTAGE 

We deliver greater insights into the financial drivers of your plan by analyzing more of the data, looking at it more often and with more granularity.

Predictive Analytics

We define what is likely to happen next through advanced data analytics, predictive modeling and plan design optimization. Automation transforms a tedious manual process into a fast automated one to identify financial drivers of next year’s plan, down to the member level.

 

ADVANTAGE

Advanced automation that delivers your data with more accuracy and speed securely accessible through a cloud-based portal.

Prescriptive Analytics

We prescribe specific actions by considering billions of scenarios, removing unforeseen inefficiencies and eliminating less favorable options. In a matter of minutes, BST’s Health Plan Optimizer designs plans that meet the specific needs of the members while respecting the budgetary constraints and goals of the employer.

ADVANTAGE

We deliver greater insights into the financial drivers of your plan by analyzing more of the data, looking at it more often and with more granularity.