Frequently Asked Questions
- Q: How can data create a positive impact on financials?
A: The data analysis looks for cost spikes, duplicate claims, and gives Med-Vision the ability to analyze large claims payments.
Millions of dollars are at stake in many plans.
- Q: How long does it take to be set up for data analytics?
A: If claims data is mapped by vendor, you can be set up in 4 to 6 weeks.
- Q: How often is the data analyzed?
A: You have your choice of monthly or quarterly analysis. Med-Vision recommends monthly because of member changes.
- Q: When is the annual client fishing trip?
A: Med-Vision will host client tarpon fishing in May of each year.
- Q: Exactly what will a data warehousing system do for us?
A: From a clinical and financial basis, Med-View identifies the cost drivers of employer sponsored Health Plans and answers the following:
1. What happens and why
2. What will happen in the future and why (predictive)
3. What strategies should be used to mitigate poor performance of the plan, improve quality care and reduce costs
- Q: How do we obtain the information from our current insurance carrier?
A: As the plan sponsor, you simply instruct the transfer of Flat Claims files to Med-View
Q: Once we have the data what do we do with it?
A: Med-Vision recommends strategies to lower plan cost and improve member health outcomes. These recommendations may include plan design changes, vendor audits, and partnering with Best-of-Class service providers
Q: What about HIPAA? How do we maintain privacy?
A: The plan sponsor determines who will have access to PHI. Med-Vision, a health plan consultant, signs business associates agreements with all HIPAA parties.
Q: I don't have the time or skills to research data and analyze it, how am I going to get the information I need?
A: Med-Vision provides these services on a client specific basis.
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