Thrive in a changing payer market with analytics as a core competency
Health plans need specialized analytic solutions to improve care, reduce costs and enhance member satisfaction. But they face two problems in doing this: advanced analytics solutions are expensive and time-consuming to implement, and running them typically requires data scientists with healthcare experience, who are difficult to find.
To help health plans overcome these hurdles, NTT DATA developed three analytics-enabled solutions that organizations can use to drive new business growth and better manage key business indicators, such as medical costs, population risk and member engagement rates. By deploying NTT DATA's medical cost management tool, one health insurer identified nearly $3 million in excess payments within four months of claims data.
Read on to learn how NTT DATA's cognitive engine-driven predictive analytics solution, medical cost management solution, and member sentiment analysis platform empower health plans to gain insights into their member risk patterns, medical spend trends and financial operations — faster, cheaper and easier.
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