Search
 
Market Insights

Using Big Data to design better health care plans

Let's be honest: terms like “data analytics” tend to make many people's eyes glaze over. Having an expert who can explain the concepts and strategies will do a lot to make it truly useful to companies and their employees.

By Scott Wooldridge | Updated on March 07, 2018
A 2016 report by the National Institutes of Health estimated that electronic health records in the U.S. will gather 25,000 petabytes of data annually by 2020. (Photo: Shutterstock)

Let’s be honest: terms like “data analytics” tend to make many people’s eyes glaze over. The idea of number-crunching health care data sounds like a good way to improve benefit plans, but it also sounds like a complex subject—and it is.

Brokers who have been dealing with data analytics say this is why a good, reliable partner is so important when delving into this area of technology. Consumer education and communication are important, but like retirement investing, most laypeople aren’t going to want to get into the weeds of data analytics and how it affects health benefits. Having an expert who can explain the concepts and strategies will do a lot to make data analytics truly useful to companies and their employees.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.