Predictive Modeling

NEEBCo utilizes predictive modeling to develop multiyear strategies that assist in establishing and meeting employers’ claims management goals. Advanced technology systems and experience enables NEEBCo to analyze and interpret claims data to identify cost drivers and utilization trends to recommend plan and behavioral changes that can impact future costs. Predictive modeling allows NEEBCo to better serve clients by supporting budgetary needs and allowing employers to more knowledgably plan for the future.

NEEBCo predictive modeling includes the following:

  • Analyze and benchmark claims data
  • Model potential plan designs
  • Estimate renewal costs
  • Support budgeting needs
  • Enhance employee decision making
  • Gauge the impact of changing plan options
  • Identify trends, costs drivers and utilization issues
  • Benchmark medical plans against national norms