Benefit and Cost Saving Strategies
Data Analytics and Reporting
Yates uses data analytics to identify patterns in healthcare utilization. By analyzing claims data, we can pinpoint high-cost areas or specific conditions that need to be addressed, enabling targeted interventions to reduce costs, Analytics can also help us determine the effectiveness of different benefits options, adjusting plan designs to focus on the most cost-effective treatments or services. Telemedicine is a key strategy in reducing costs within a group medical program, especially when considering the importance of site of care coverage. When employees use telemedicine for appropriate care, it eliminates the need for more costly visits to urgent care centers or emergency rooms for non-emergency issues. By promoting and educating employees on the benefits of telemedicine for routine consultations, employers can ensure that employees are accessing the right care at the right time, improving
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Site of Care Cost Savings
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health outcomes while reducing unnecessary healthcare spending.
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