In this report
Health plans looking to attract and retain members will need to offer flexible, competitive benefits and personalized, consumer-centric experiences across the care journey. At the same time, cost management is increasingly critical for maintaining profitability amid rising utilization and persistent inflation. Payers also need to satisfy regulators, who keep pushing for demonstrable improvements in care quality while incentivizing managed costs. As reimbursements are tied to quality measures such as Medicare Star ratings, payers must leverage data to identify and contract with the highest-performing providers. These issues will only become more pressing as the healthcare industry shifts toward value-based care (VBC), a move that’s well underway.
Key finding one
Payer priorities are changing
Cost-containment now outweighs growth as a strategic priority, with most payers focusing on improving risk accuracy and network performance over expanding membership.
key finding two
Growth has plateaued, gains haven't
Policy changes and payment reform are making it more challenging to grow the bottom line. With little more to squeeze out of the sponge, plans are turning to smarter analytics to drive better financial performance.
key finding three
Few know what to do with data
Health plans that empower providers with data and tools create a competitive advantage, like closing more care gaps faster and improving outcomes at scale.
Key Findings
Amount of payers yet to integrate all available data into a centralized analytics platform
Amount of payers yet to use AI to develop care plans, summarize records, or drive member engagement
Amount of payers who maintain longitudinal member profiles, despite challenges with data aggregation and interoperability
As the payer community scales up its ability to aggregate a patient’s longitudinal health record, the supply of generative AI and machine learning techniques offer payers accessible opportunities to guide beneficiaries through every step of their care journey, and to increase the productivity of member engagement, care management, and performance improvement activities.”
What You’ll Learn
Download the report to learn how the most successful payer organizations are:
- Enabling networks and providers to deliver whole-person care
- Using longitudinal member data to improve accuracy and insight
- Driving quality and cost improvements through AI and analytics