Premier Consulting was honored to receive the Technology Excellence Award at the annual BenefitFocus conference in Orlando, Florida. BenefitFocus is the platform which supports Premier’s data analytics tool, PremierLinx.
Premier Supports our self-funded employer groups in strategic planning, benefit designs and budget forecasting using PremierLinx to assist them in managing their medical and prescription drug health plans.
“We have really reached into the depths of the Data Analytics tool,” said Amanda Johnson, Data Analytic Manager, upon being presented with the award.
One of the many tools Premier used is a Cost Share Estimator, which evaluates a High Deductible Health Plan strategy and then predicts how plan changes will impact the client’s health plan dollars. In 2015, the average savings to our clients who used the Estimator was 24%. We also utilize the Predictive Analytics Tool to evaluate claims and behavior and through our Pharmacy Reconciliation Program, 22 clients saved approximately $533,000 in 2015.
Data is knowledge and knowledge is power in managing your health plan.