Data Analytics for Health Insurance Brokers

Reporting and analytics for patient acquisition, staff turnover, care quality, liability, risk, and cost management.

Health insurance brokers are under pressure to deliver more value to their clients who themselves are facing major competitive and market issues. And as the online channels grow and expand, brokers must find ways to prove themselves as trusted strategic partners to their clients.

The solution is to drive more client value by utilizing data and analytics. While insights on client demographics, utilization, and historic costs are important to know, they don’t provide much insight into what these metrics mean and how they can be used to drive value.

Your reports and dashboards must visualize your data in a way that enables you to leverage past information to drive client value, provide hidden client insight, and uncover opportunities for growth.

Beyond being a trusted strategic advisor to the clients, brokers must leverage their data to create value for you, the broker, in the areas of client acquisition, operational excellence, and good financial management.

By being a data driven organization yourself, you are in a much better position to drive data value and insight with your clients.

As a modern data consulting partner specializing in data analytics for health insurance brokers, 2nd Watch can implement a modern data and analytics solution that will help to measure, track, and uncover insights on:

Optimized benefit program design.

Client insight into benefits usage and cost control.

Fraud, waste, and abuse.

Pharma utilization management.

Broker client acquisition.

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Data Strategy for Health Insurance Brokers

2nd Watch takes a holistic approach to modern data analytics for health insurance brokers. Starting with a data strategy, our healthcare and insurance data consultants work with your leadership and stakeholders to understand your business goals, data needs, analytics, client challenges, and other key information to build you a scalable data and analytics strategy customized to your unique needs.

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Data Analytics for Health Insurance Brokers

Your analytics are only as good as the data behind them. And to truly maximize the value of all of your currently siloed data, you must unify all of your data sources into a single powerful engine of analytics value. 2nd Watch can help health insurance brokers and their clients analyze all of their data in a HIPAA-compliant and secure way.

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Analytics and Data Science for Health Insurance Brokers

2nd Watch’s healthcare and insurance analytics consultants create value-focused dashboards and reports for member reporting, benefits usage, finance, risk, and more. We work closely with the business data users, IT, and compliance teams to ensure our dashboards deliver the insight your clients need to drive up-to-date insights on claims, financials, utilization, and more.

Healthcare Data and Analytics Workshops

Connect with a 2nd Watch healthcare data consultant

2nd Watch helps health insurance brokers access and analyze financial, operational, and member data to drive better decisions, client success, and member satisfaction. Want to know what this could mean for your organization?