Launch your business to new heights with better analysis using Claros Analytics health plan software.
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Evaluate the impact of plan design changes on overall cost and outcomes
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Compare plan structures
(fully insured vs. self-funded vs. level-funded)
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Defeat rising premium renewals with informed negotiation and analysis
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Add consistency to your business through automated budgeting and reserving
Project Plan Costs
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See how changes to a group’s health plan (plan design tweaks, new network pricing including reference-based pricing, enrollment changes) will impact plan and participant costs, whether fully insured or self-funded
- Compare different plan designs and determine the best plan for a group, even with limited data
Evalute Self-Funding Risk and Reward
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Determine the probability of a self-funded plan outperforming a fully-insured plan
- Identify the optimal plan structure (level-funded vs. self-funded vs. fully-insured) for a group
- Evaluate a rising premium renewal and determine when a group should switch to a self-funded plan or negotiate better pricing
Budget and Reserve Better
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Build actuarially-sound budget rates and IBNR reserves for fully insured and self-funded plans
- Project employee enrollment among different plan options
- Compare actual budget performance to expected throughout the year and adjust accordingly
- Develop COBRA rates
About Claros Analytics
Claros Analytics provides next-generation analytics to model, price and predict health benefits cost. Clients, including stop loss carriers, underwriters, reinsurers, benefits consultants and advisors (this includes 7 of the top 10 national brokerages), plan administrators and plan sponsors, are achieving competitive advantage by pricing risk, modeling health plan changes, defining self-funded opportunities, and budgeting self-funded plan costs using our sophisticated predictive algorithms.
Win new business with better capabilities through our healthcare data analytics tools.
609-779-2700 | clarosanalytics.com | sales@clarosanalytics.com