Identify Cost-Drivers & Build Scenarios to Predict Cost Savings
What changes to your employee benefit plan do you think would result in the most cost savings? Sometimes, the answer isn’t what you would expect.
In hopes of reducing unnecessary spending, ensuring employee safety, and better managing return to work efforts, many employers scrutinize and adjust their benefit plans. However, every benefit plan and employee population is different and, as a result, it can be challenging to identify the company-specific cost-drivers that will make the most impact to an employer’s potential savings. Many employers lack the data integration and analytic capabilities necessary to identify true cost-drivers.
Join us for the DMEC Denver Chapter Meeting on May 24, 2012 at 2 pm at Elway’s Cherry Creek to learn how to identify significant cost savings by integrating all of your data to see your full benefits landscape.
As data experts, OCI has developed an analytic approach to identify cost-drivers and build scenarios to predict the impacts of plan changes. We’re pleased to share a case study detailing the analysis of one employer’s disability plan that shows how important and surprising the data can be.
Register online here. We look forward to seeing you!
Can’t attend the meeting? To read more about improvement strategies for benefit plans and review the case study that describes how one employer saved millions, check out OCI's analytic study, Improvement Strategies for Disability Plan Design.