Cost containment vendors are responsible for ensuring best-in-class, cost-effective strategies in addition to overall program management. BST aids Cost Containment Solution Vendors by identifying effective strategies that drive member engagement and health outcomes.
Every cost containment solution vendor needs an ROI story. BST provides cohort tracking software that will define the efficacy of cost containment programs and build an ROI analysis.
Every vendor is looking to improve their products and BST partners with vendors to determine how data science can improve the value proposition.
Cost containment vendors are looking for enhanced distribution opportunities. BST has developed prescriptive software that interfaces with hundreds of benefits consultants. Our software actively promotes vendors to benefits consultants in order to help solve their client’s problems.
With 24/7 access to all relevant plan data, the warehouse allows Cost Containment Solution Vendors to:
BST solves the problems that many Cost Containment Solution Vendors face with data discrepancies, member matching inconsistencies, outdated data validations, and slow processing times. BST’s technology allows for:
BST provides high-level views of total block performance and enables drill-down views of individuals through critical metrics, using advanced analytics, machine learning, and optimization techniques. This allows cost containment solution vendors to:
BST provides insights on global risk factors within a population by identifying high-cost drivers, historical patterns, and relationships at a granular level throughout the plan year. This enables cost containment solution vendors to:
BST stands apart in the analytics space because we provide specific, actionable client recommendations. BST’s Plan Optimizer algorithmically presents the most important problem areas of a plan alongside supporting data and custom recommendations, granting vendors access to: