Plan Data Analytics & Reporting
Using carrier data and other proprietary claims management programs, Eastern Benefits analyzes client claims on a regular basis. These reports help us identify claim trends and utilization patterns. After the initial review, we drill down further into the data to formulate strategies for managing claims activity that is trending above or inconsistent with your group's medical and pharmacy benchmark.
In addition to carrier reports, Eastern utilizes several national data analytic and benchmarking tools. These tools provide further analysis of each client's utilization patterns and produce benchmarking data against employers of like size, industry, and location.
Many of the members of the Eastern Benefits team have more than 25 years experience analyzing claim data and underwriting large group benefit plans. Your entire account team will collaborate with each other to provide meaningful observations and recommendations on strategy and terms.