We help companies see beyond the uncertainty of the moment with predictive and prescriptive analysis that enables them to better see what is coming and know what to do about it.
The COVID-19 pandemic has created numerous challenges for employers and their employees. For employers with self-funded health plans, these challenges include some potentially large changes in expected claims for the remainder of 2020 and likely beyond. Claims are likely to increase as members seek testing and treatment for the disease at urgent care facilities, emergency rooms and inpatient hospitals. However, some claims are likely to decrease as elective procedures are put on hold or abandoned.
We have applied our predictive and prescriptive analytics to create a Cash Flow Impact Model. This tool helps employers plan for these cost changes. Nobody can predict exactly how long this pandemic will last or how many people will be affected, so we recommend employers and their consultants model several different scenarios to understand the potential range of results.
SEE HOW COVID-19 IS IMPACTING YOUR PLAN
A smart, easy to run tool that helps consultants and employers with self-insured health plans understand the likely financial impact of the COVID-19 pandemic.
COVID-19 IS EVOLVING DAILY. OUR PREDICTIVE ANALYTICS HELP TO IDENTIFY THE POTENTIAL IMPACT - NEXT WEEK, NEXT QUARTER AND BEYOND.
Our Data Science and Actuarial Science teams are leading the world in building tools to help health plan owners track, understand it, and take action against the evolving COVID-19 pandemic.
Benefits Science co-founder Dr. Dimitris Bertsimas Is leading some of the world’s most advance COVID tracking models
Patient Out of Pocket Cost for Hospital Admission: The average hospitalization for COVID-19 will likely cost more than $20,000, and patients will be responsible for approximately $1,300 of that total.
- Healthcare Financial Management Association 2020