Financial Analytics
Plan Mapping and Modeling
With leading-edge technology, BLC is able obtain meaningful information that helps us evaluate cost drivers, trends and savings opportunities associated with our clients’ benefits plans. In addition, we work to evaluate the impact of various plan management initiatives and forecast the impact of future plan changes. Plan modeling makes it possible to ask various questions regarding how claims would have been paid differently given a modified design. This process begins by looking at historical claims data and conducting claims analysis to identify problem areas in their health plans. With the results of the analysis, employers can explore potential solutions for lowering costs.
BLC provides this insight as a part of our partnership model. If you have not conducted this exercise and are interested in exploring, please contact us at: mybenefits@blctx.com
Market Evaluation and Benchmarking
Offering a benefits plan that is both competitive in your industry and cost-effective is a serious business challenge today. Our extensive Health Plan Design Benchmark Report compares data from over 50,000 plans nationwide, and breaks down data by your region, employer size, industry, and plan type—so you can isolate what similar employers are doing in each area of your plan. The data gleaned from this exercise allows employers to develop innovative initiatives bolstering the organizations total rewards program.
BLC provides access to all this valuable benchmarking information and more. If you have not conducted this exercise and are interested in understanding the value of your benefit program, please contact us at: mybenefits@blctx.com
As healthcare becomes an increasing factor of an employee’s total compensation package an expanded menu of options is needed to ensure an optimal experience for participants. We also see a changing generational blend of employee mix that has impacted the typical product line up of a comprehensive benefit program. This dynamic coupled with the competitive landscape employers are forced to expanded set of benefit options.
BLC provides consultation of several enhanced benefit options which include but is not limited to:
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