Financial Data Management

New Healthcare Bill Overview

Knowledge is Power

HDH strongly believes that health plan information is one of the most under-utilized financial management tools. Benefit plan managers charged with gaining control over increasing costs can’t afford to make plan design and funding decisions without credible, comprehensive, and detailed information about the performance of their plans. However, accessing this information in an easy and comprehensive way is not a simple task, unless of course, you are an HDH client.

Recognizing the critical importance of health plan data and the difficultly in accessing this data, HDH developed Assure Benefit System I (ABS I), our proprietary system for collecting, aggregating, and analyzing health plan data. We are continually enhancing this valuable financial data management resource, expanding its reach, and increasing its reporting functions to help our clients effectively – and easily – track the performance of their programs. ABS I incorporates extensive security protocols to ensure the secure and regulatory compliant transmission of client data from virtually any carrier.

Some of the many factors that ABS I charts and reports include:


	Monthly claims data

	Claims-to-premium ratios reports (fully insured)


	“Because HDH is able to review claim data early, to quickly and accurately manipulate it to identify critical information that affects our renewals – and importantly, identify information affecting the status of our self-funded program, Vector has been provided with almost real-time status reports that allow us early opportunities to review, asses options, and make plans for any needed company action.”

	Louise Urbanek VECTOR Security

	Funding status reports (self-funded)

	Shock claim activity

	Administrative fees

	Reserve calculations

	Stabilization funds

	Catastrophic Claims Analysis

	Stop Loss Deductible / Aggregate Review

	Projected / Actual Renewal

	Projected / Actual Settlements

	Reserve Analysis

ABS I generates monthly reports that our clients use as a rolling renewal. Additionally, HDH prepares a formal Projected Renewal several months ahead of the carrier renewal. By using the same claims data the carrier will use. and combining this information with our working knowledge of the carrier’s underwriting philosophy, we are able to reduce surprises for our clients.

Our innovative reporting products and services allow our clients to easily track and measure the performance of their plans overtime. HDH knows that you cannot effectively manage the performance of your benefit plan without the power of technology. ABS I arms HDH clients with the power of knowledge.


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