Milliman has announced the formal launch of its new MedInsight Employer Group Reporting (EGR) Solution. The MedInsight EGR Solution is designed for health plans to support the key function of client reporting; helping a health plan’s employer clients accurately understand the value they receive from their benefit spends and also providing realistic performance comparisons with other employers in the region.
MedInsight is Milliman’s popular healthcare analytic platform used by over 250 health plans, employers, at-risk providers/accountable care organizations (ACOs), state governments, community health coalitions, and third-party administrators (TPAs).
The MedInsight EGR Solution delivers clients the benefits of confidence and control, while reducing the time and energy required to achieve them. As an extension of the MedInsight Analytic Platform and a beneficiary of our MedInsight Data Confidence Model, it means that health plans and TPAs can feel confident the information they are providing is accurate and meaningful, even as it’s made available to employer clients through a self-service portal.
Milliman expects many of its existing commercial health plan licensees of MedInsight to add the EGR Solution to bolster client reporting capabilities.
With user-friendly dashboards, a preconfigured reporting library, and easy-to-publish summary performance reports, the MedInsight EGR Solution helps health plans satisfy employer reporting needs easily and confidently.
“The employer clients of health plans are demanding more transparency on the value of healthcare being provided to their employees,” said Rich Moyer, Milliman principal. “We believe the MedInsight EGR Solution will be a very effective tool for health plans to deliver healthcare information to their employer clients. The EGR portal is easy to use and integrated with the health plan portal MedInsight clients currently use.”
Specifically, the MedInsight EGR Solution helps health plans and TPAs demonstrate the value they provide, by reporting on data that will help employers make decisions related to:
• Managing current and future cost trends
• Quality of healthcare services provided to employees
• Wellness programs and population health management
The ability to effectively meet employer clients’ ever-increasing demands for information and transparency comes with competitive benefits for MedInsight clients. It strengthens relationships with employers and provides the meaningful information actually required to bend cost trends and improve health. And by including innovative features like the Health Waste Calculator and population health groupers, MedInsight is providing them with value-add that extends to their employer clients.