Medicare advantage poses a challenge to carriers trying to expand their market share due to decline of probable switchers to 10%. With an increasingly stable market dynamic, introduction of OEP, plans competing fiercely on benefits and drug coverage – the dynamics require organizations to be agile with their decision making.
HealthWorks™, a self-service visual healthcare analytics solution, coupled with machine learning algorithms and publicly available data from the CMS, are helping healthcare payers forecast in-market performance within five business days from release of plans. These insights help firms identify the top attributes that lead to plan competitiveness, design better products by simulating plan attribute levels and align marketing strategy with the reality of the marketplace.
Access to Medicare data
TEG’s HealthWorks, an analytics solutions powered by Tableau and publicly available HealthCare data
Helps Payors predict in-market performance within five business days from the release of plans by CMS