MedeAnalytics today announced that Wellmark Blue Cross and Blue Shield (Wellmark), a mutual insurance company that with its subsidiaries has approximately 2 million members in Iowa and South Dakota, has implemented MedeAnalytics' Employer Reporting solution for large employer groups. Leveraging MedeAnalytics' robust technology, Employer Reporting offers group-specific insights, benchmarking and interactive, customizable reports to help ensure effective outcomes for employers.
MedeAnalytics' Employer Reporting empowers health plans with the ability to analyze and share plan-use metrics with employer groups anywhere, any time. With iPad, tablet and PC accessibility, health plans like Wellmark can drill-down into advanced plan performance data to spot trends and pinpoint root causes that impact employer costs. Self-service reporting capabilities are also available where users can generate enhanced data visualizations along with a highly tailored, HIPAA-compliant analysis of plan usage.
"With enhanced, market leading employer reporting, Wellmark will now have the ability to proactively identify trends in near real-time and distinguish itself as a leader in interactive benefit modeling," said Andrew Hurd, MedeAnalytics chairman and CEO. "We are excited to work with one of the premier health plans in the nation as they significantly evolve analytics in their employer reporting strategy to ensure valuable consultation."
MedeAnalytics' Employer Reporting aggregates claims, fee and enrollment data from diverse employers and health plans to generate sophisticated reporting and data analysis. Powered by the MedeAnalytics technology platform, the solution's intuitive interface is designed for health plan and employer groups' C-suite and account managers, to easily access robust, interactive and customizable reports. Comparison data is also available for organizations to measure their plan performance against industry benchmarks.
"Our customers demand exceptional value and we are committed to providing market leading solutions and services to meet those demands," said Jason Cooper, Wellmark's vice president, Business Analytics. "MedeAnalytics' powerful analytics platform enables near real-time, fact-based decision making to help us meet and exceed the needs of our employer groups."
About Wellmark
Wellmark, Inc. (www.wellmark.com) does business as Wellmark Blue Cross and Blue Shield of Iowa. Wellmark and its subsidiaries and affiliated companies, including Wellmark Blue Cross and Blue Shield of South Dakota and Wellmark Health Plan of Iowa, Inc., insure or pay health benefit claims for approximately 2 million members in Iowa and South Dakota. Wellmark Blue Cross and Blue Shield of Iowa, Wellmark Blue Cross and Blue Shield of South Dakota, and Wellmark Health Plan of Iowa, Inc. are independent licensees of the Blue Cross and Blue Shield Association.
About MedeAnalytics®
MedeAnalytics provides evidence-based insights to solve a real problem that plagues healthcare – how to use the immense amount of patient data collected along the care continuum to deliver cost-effective care and promote a healthier population. Its analytics platform delivers intelligence that helps healthcare organizations detect their greatest areas of risk and identify opportunities to improve their financial health. It empowers providers and health plans to collaborate and use data to strengthen their operations and improve the quality of care. MedeAnalytics' cloud-based tools have been used to uncover business insights for nearly 1,000 healthcare organizations across the United States and United Kingdom. The company has also been named one of Modern Healthcare's top 100 Best Places to Work in Healthcare for 2014. For more information, visit www.medeanalytics.com.
