February 18, 2020

Get Control of your Health and Benefits Data

The World of Benefits Is Complex

Getting Insights From Your Employee Benefits Data Shouldn’t Be

In the world of employee health and wellness benefits, industry standards are changing, costs are rising, and competition is increasing. As a benefits leader, you have the huge responsibility of designing and managing an employee health and well-being program that moves your organization forward.

You know just how important the right benefits can be for creating a great workplace culture and driving higher employee productivity, satisfaction, retention, and well-being — not to mention attracting top talent. This is why you’re devoted to solving problems for your organization and always looking for the most innovative approaches to delivering a best-in-class benefits program.

We see you. And we believe in your mission. In fact, Artemis Health shares this mission with you. We began in 2013 with a belief that employers are key to solving America’s healthcare problem. We’re here for employers like you, for your advisors and brokers, and for anyone else who wants to reduce wasteful spending and improve the quality of healthcare. The world of benefits may be complex — but getting answers from your employee health and benefits data shouldn’t be.

Through our work with HR and benefits leaders of large enterprise organizations over the years, we’ve identified three steps you need to take to move your organization forward:

  • Take control of your data.
  • Get insights, fast.
  • Get ahead of the curve.

In this series of blog posts, we’ll dive into the challenges each of those steps presents for today’s benefits leaders, and share our expertise on the best ways to overcome them.

Step 1: Get Control of your Health and Benefits Data

You should have easy access to your organization’s benefits and healthcare data — it is yours, after all. At the very least, you should have a reliable, trusted advisor who helps you access and analyze your data. 

Yet for most organizations, this is far from the case. In our most recent survey, benefits leaders across the country report that accessing the right data and connecting disjointed data sources are two of their biggest challenges.

Benefits Leaders’ Biggest Challenges With Benefits Data
  • 53% — Accessing the right data
  • 48% — Running reports quickly enough
  • 45% — Connecting disjointed data sources
  • 43% — Trusting the accuracy of the data
  • 38% — Drawing meaningful conclusions
  • 37% — Analyzing the data
  • 33% — Taking action based on data-driven insights

Many of you are relying on the mercy of vendors for access to your own healthcare data. This should not be happening. You shouldn’t need to cobble files from disparate and disjointed sources. You shouldn’t have to rely on healthcare carriers, only to get complex, lengthy reports that fail to connect to your other sources, either. It shouldn’t take a heavy lift from your team to gather all these sources together in one place. And finally — you shouldn’t have to wonder whether your data insights are objective, accurate, or comprehensive.

You deserve to be in the driver’s seat. You should have reliable, accessible data sources for anything and everything that falls under the banner of employee benefits, including:

  • Healthcare
  • Prescriptions
  • Wellness programs
  • Financial and 401(k)
  • Care management
  • Dental and vision
  • Employee productivity and performance
  • Provider quality

Once you’ve got access to those data sources, you need an analytics solution designed specifically for benefits and healthcare to bring them all together, in one place, to take control of your data and make it work for your organization.

A great benefits and healthcare analytics partner will help you gather these sources of data as part of the implementation process. Look for a partner who takes on the heavy lifting of working with your vendors to access the right data. For more info on what to look for in a partner, check out our recent whitepaper. 

Stay tuned for next week’s blog post where we dive into how to get fast answers from your health and benefits data. 

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