Report on What's Important to You
Easily access familiar analytics with the ability to drill into total medical and Rx claims spend, top procedures, diagnoses, and drugs, as well as claims cost breakdown.
Manage Increasing Health Costs Through Actionable Data
Every year, you're charged with maximizing your organization’s investment in employee health. To accomplish this, having the tools to identify cost trends and current needs while planning for the months to come is a necessity. Springbuk eliminates the guesswork by providing the insight you need to manage your financial risk and assess how your health benefits programs are performing.
Extend and Customize Your Monthly Spend Reporting
Monthly reporting has always been a critical component in understanding emerging trends. Now you can identify and report on the top drivers of your previous and current spend, as well as future costs, in a single place.
Mitigate Surprise Spend Increases
Leverage advanced trend exploration to help identify unexpected cost sources and forecast their impact on the business.
Optimize Costs and Improve Employee Health
Uncover hidden compliance gaps to refine your strategy, re-engage employees, and ultimately lower monthly spend.
Take Action on High-cost Claims and Savings Opportunities
Springbuk’s proprietary Financial Forecast methodology uses the power of predictive analytics to equip you with the information needed to:
Begin financial planning for the next benefit year
Mitigate the surprise of major increases in expenses
Understand the factors contributing to future expenses
Anticipate stop-loss preparation
Consider benefit design changes
Better Insights, Better Support
Our health intelligence platform also enables sophisticated analytics through Springbuk Advanced Reports. This offers you further flexibility, accessibility, and customization so you can make important data-driven decisions. For example, when looking at the Financial and Enrollment Report, you can drill into:
Membership Claims Distribution
- Illustrate the distribution of members by spending categories, including both medical and pharmacy spend
- Show the distribution of plan paid and member paid amounts by spending category
Forecasted Membership Claims
- Visualize the impact of forecasted costs by spending category
- Illustrate the number of members in each forecasted spending category, along with forecasted total paid amount
Claims Trends
- View a rolling 12-month history of medical and pharmacy claims
- Display the average spend over time
- Visualize the monthly breakdown of medical and pharmacy claims by member paid, plan paid, and total plan paid amounts
Make Confident, Data-Driven Benefits Vendor Selections
A consulting firm had been actively working with their client’s Health and Wellness Committee to justify the cost for a wellness vendor but lacked the data sets needed to receive buy-in.
The firm worked with the Springbuk Analytic and Strategic Consulting team to build a custom risk factor analysis that underlined various compliance gaps and opportunities to mitigate the risk of future disease.
For the first time, the client’s Health and Wellness Committee had the information needed to bring on a wellness vendor.
More than health benefits data, a world of insight at your finger tips.
Springbuk is the health data analytics solution that equips employers and benefits advisors with the deep, immediate insights they need to sharpen strategies, improve health, and contain costs.
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