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TEAMMATE OF THE QUARTER
BROWN & BROWN, INC.
HR / COMPLIANCE
REAL ESTATE INSURANCE
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Big Data is a buzz word in every business, but do you know how it can help you? We will show you how to use it to make your medical plan more efficient.
5 Reasons to Use Data Analytics in Employee Benefits:
You cannot reduce your spend if you do not have visibility into what is driving the overall costs. Data analytics can help to identify the root factors of your high costs.
High Overall Costs
Once you identify the root of your high costs, you will be able to provide better education and guidance to your team regarding their plan options.
Data analytics can identify who your high claimants are so that you can put together a plan to help them navigate the system more efficiently.
Ability to Budget
We’re here to help you think ahead. Data tools can help to predict your total cost-spend, which allows for better-prepared budgeting when it’s time to renew.
What can you learn from other employers? Data tools analyze any relevant information to benchmark what other employers are doing to lower their medical costs.
Brown & Brown of Pennsylvania brings national strength with local, personalized service. Contact us today to discuss your specific needs.