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Benefit consultants and companies with self-funded health insurance plans are constantly struggling with data warehousing for medical information. You may have a wide range of data in front of you but have no idea what to do with it and how to query from it. As a result, you may be overpaying on claims, spending too much on health insurance, and not attending to the needs of your employees. When you have data coming in from the health insurance companies, you will need to utilize data warehousing to ensure you are working with simply raw data. Raw data is nearly impossible to sort through and it may be inaccurate. What you utilize a benefit optimization system that will warehouse your data, it can be scrubbed up to ensure that all of the data is accurate and usable. This allows you to search the data as necessary to pull useful information in order to make important business decisions. Through the use of data warehousing, you will be able to obtain online reporting via a visual dashboard. All of the data can be stored online, reducing storage on your own servers as well as reducing a paper trail throughout your offices. When all of the data is placed online, you will have immediate access to all of the information you need - and the data can be placed through various systems to provide you with analyzed reports. For example, you will be able to see the cost of healthcare, the effectiveness of the benefits, the state of your employees’ health, control healthcare costs, and make performance comparisons against other companies. Data warehousing in general has become more popular. Companies no longer want to store raw data on their servers because it is waste of space. They have no access to the actual data because it is unorganized and often inaccurate. This makes it hard for companies around the country to obtain the necessary details because of the way their data is currently being stored. Big data, in general, has become a significant problem - and technology is typically the solution. When you are searching for data warehousing solutions, the answer is also in technology. Using healthcare utilization, you will be able to utilize technology in the form of a benefit optimization system that will offer you the visual dashboard to search through the data and allow you to customize queries so you can actually make use of the data that you have stored. Consider how much data is sitting untapped right now. Somewhere in all of the data, you have access to everyone’s gender, geography, age, and how long they’ve been with the company - and when they have left the company. When you take advantage of data warehousing, you take advantage of data organizing. You will be able to learn the average age of your employee, learn about the gender ratio, the turnover, and much more. Healthcare costs are expensive and you want to offer the highest employee wellness possible. The only way to do this is by having accurate data at your fingertips - which is what data warehousing ultimately provides you.
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control healthcare costs, employee wellness, healthcare utilization, data warehousing,
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