As reported on Nashville Medical News, Yahoo! Finance, Daily Herald, WSIL, Virtual Strategy Magazine, and CISION PRWeb
Benefitfocus awards Consociate Health industry-wide recognition for transforming the benefits experience for their customers through data accuracy
DECATUR, IL – Illinois-based Third-Party Administrator (TPA) Consociate Health has been recognized on a national stage for excellence in data accuracy, using key analytics to transform the care management experience. Consociate Health received the Commitment to World-Class Data award, from Benefitfocus, at their 4th Annual “Celebrate Community” Awards. Consociate Health was selected among a strong pool of finalists including TPA national industry leaders like Capital District Physicians’ Health Plan, The Hartford, MetLife, and Nova Healthcare Administrators.
“This award displays Consociate Health’s commitment to deliver data that impacts the efficiency of care management decisions, improves outcomes and lowers health plan costs for our clients”, said Consociate Health’s President, Darren Reynolds. “This meaningful health plan data, the efforts of our team and our partnership with Benefitfocus, allows us to manage health care costs for employers as well as enable health care systems to make the strongest possible recommendations related to treatment of chronic conditions.
Through data analytics, Consociate Health provides its clients and/or their consultants with personalized analysis of their health plans to ensure the use of quality data in making educated decisions. Essential data analytics allows Consociate Health to integrate claims, eligibility, financial and other healthcare data into a consolidated system database; analyze member health and then identify cost drivers; monitor health plan utilization; and forecast employer healthcare costs which allows them to develop a strategy to manage and control healthcare costs for employers and members.
“We believe in order to truly perform a valuable service to our clients and their plan members, we need to be more than just a claims processor. We pay claims, and we pay them accurately, but it’s what we do with the claims data that sets us apart,” Client Relations Consultant Sarah Bigger said. “World-class data, delivered via the Benefitfocus platform, gives us the necessary information to help an employer manage their healthcare budget and improve the health and productivity of their employees.”
Consociate Health has been an innovator in integrating population health analytics with health care systems for the management of their employee populations. Today, they integrate data and tools into health care systems’ Accountable Care Organizations (ACO’s), Clinically Integrated Networks, wellness programs and direct to employer initiatives. The deployment and integration of data and these support tools in improving the health of the communities they serve was a key factor in earning this award.