Data analytics has quickly become a popular term and tool used by all businesses and industries. For McGohan Brabender, data analytics has been a valuable resource in reducing risk, lowering claims and increasing savings for over 37,000 lives.
In this episode of Side Affects, Scott McGohan and Anne Marie Singleton discuss the differences between reporting and data analytics. Specifically, this episode uncovers the importance of big data and how the two are used to produce answers to complicated questions. Scott and Anne Marie also dive into the savings employers are seeing through using data analytics with their employees.
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Data drives change, and benchmarking provides the data you need to move forward. Scott and Anne Marie discuss what benchmarking tells you about your business, and how medical plan benchmarking can be used to build a better medical plan.