Truven Health Analytics has announced the launch of Employer Insights, an account-group reporting solution and part of the Truven Health Advantage Suite platform. The web-based solution gives insurers and employers comprehensive analytics to manage healthcare costs and improve care while allowing them to compare costs to national benchmarks. In addition to cross-referencing capabilities for categories of information such as location, plan type, and job type, Employer Insight generates cost performance reports to help employers make intelligent health-benefits decisions.
“Businesses of every kind are coping with relentless cost and competitive pressures. Their customers are demanding that health plans provide ever-better reporting – reliable, accurate, timely, and highly sophisticated,” said Thad Perry, Ph.D., vice president and general manager of the health plan segment at Truven Health Analytics. “Employer Insights helps insurers meet these demands, while managing costs, improving quality, and setting pricing and account management strategies that are sustainable and cost-effective.”
Employer Insights utilizes the Truven Health MarketScan Commercial Claims and Encounters Database that incorporates about 30 million anonymized private insurances claims yearly.
“In order for employers to stay on the cutting edge of productivity, they must be able to rest assured that their insurance costs stack up favorably against both national and regional benchmarks,” said Perry. “Employer Insights offers reporting that shows exactly how premium dollars are being spent, compared to similar organizations.”