Today’s economy has Employers struggling to meet Company objectives while profits are dwindling due to surging healthcare costs. Employers need constant insight into what causes these healthcare cost increases and the ability to model scenarios to contain costs while still maintaining quality benefit plans. Analytical business intelligence is vital to successful healthcare cost management. Without analytics that clearly illuminate problems and opportunities for improvement, Employers fly blind in a turbulent environment.
A large part of the HR budget is currently devoted to organization of data to support these business processes. By providing unfettered access to all the relevant data in one easily useable, web-based format, CKM makes healthcare decision processes far more efficient. The benefit to the Employer is precisely the control of the critical information upon which major procurement and spending decisions are based.