We provide Data Tools and that aid PHI Funds to reduce benefit outlays, reduce operating expenses, retain policyholders and amplify marketing return on investment.
Data Tools for Health Funds
DATA TOOLS
During FY25 we will release Data Tools - each belonging to one of three data series
Series 1 is our Outside Hospital Services Innovation ("OHSI") - they aid funds to reduce benefit outlays and minimise future year premium rate rises.
Series 2 is our Management Expense ("ME") Data Tools and PHInsights - those benchmarking tools help funds to reduce operating expenses.
Series 3 is our Policyholder Value Data Tools and PHInsights - they help funds to retain policyholders and amplify marketing return on investment.
THREE DATA SERIES
Every Data Tool provides actionable insights that help you get the best answer and save you time.
WHAT IS 'a PHInsight' ?
A PHInsight is a series of data-derived perspectives that reveal opportunities to enhance health fund performance or to reduce likelihood of adverse performance. Each PHInsight has application that can aid a health fund to either:
(1) reduce benefit outlays;
(2) reduce management expenses; or
(3) raise policyholder retention and amplify marketing return on investment.
These data driven perspectives shed a quantitative torch on these key issues and parse options that can guide PHI leaders towards practical solutions. The perspectives we provide aim to facilitate informed decision-making.
If you work with a subscribing fund you can access all PHInsights but we recommend investing quality-time ONLY on the ones topical to your domain. Those are the ones that save you the most time and help you get your Fund to the best outcome more seamlessly.
We say this because we want to ensure PHInsights gives you back maximal time savings.
Phonetically, PHInsight is pronounced with an 'F' sound (like Finsight).
SAMPLE PHInsights
During FY25 we will publish data driven visual and documented PHInsights on …
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