The in-depth data analysis that Diversified provides to our clients creates the space to market plans, negotiate competitive renewals, and, most importantly, allows our clients to offer a plan designed to meet the needs of their specific group.
Our in-house Data Analytics team is an invaluable resource to our clients. By interpreting claims, plan, and even financial data into usable information, which allows us to provide each client with clear, understandable reports about what is happening within a given group. As the Data Analytics team works closely with your Diversified team, they enable us to make appropriate recommendations for the planning, budgeting, and adjustment of your plan.
The Data Analytics team is also involved in:
Quarterly Data Reviews
Diversified is committed to meeting with every client quarterly to review their data, but meet many of them every single month. Data Review meetings are not just a review of where claims are running, but also a discussion with various partners utilizing the data and how a difference is being made with the information.
Actuarial & Reinsurance
Our Actuarial & Reinsurance group excels at solving puzzles, finding solutions, building products, and developing strategies that align with an employer’s vision, style & skill set. We provide realistic and creative solutions to help business owners prepare for and mitigate the financial risks associated with undesirable incidents in the future.
We don’t take just the data that the carriers provide and rely on that; Diversified uploads every claim and code for analysis, allowing us to make recommendations. At the negotiation table, we have the leverage of knowing more about every claimant. When we need to know if a plan change is working, we have all the data to back our recommendations.
Knowledge is Power
Whether your group is looking to improve the Health & Wellbeing of their group, carve out their Pharmacy Benefit Management, or make the move from fully-insured to self-funding Diversified has the knowledge and experience to help them succeed.