Data is everywhere in the fourth industrial revolution, with no industry left untouched by the momentum it’s creating, according to Nikolas Badminton, futurist and chief executive officer of Exponential Minds. For benefits plans and disability management programs, data analytics can offer insight into how decisions are made, but the landscape is evolving as it becomes […]
Just 24 per cent of plan sponsors said they regularly receive claims analyses to help identify disease states in their workplaces, according to the 2019 Sanofi Canada health-care survey. This number rose to 31 per cent for employers with 500 or more employees and dropped to 13 per cent among small employers. It also found […]
By now, the economic burden of chronic disease in Canada has most likely surpassed $200 billion, according to Sarah Lussier Hoskyn, senior analyst, regulatory affairs and market access at Innovative Medicines Canada. “When you think about the total health-care budget in this country, we spent $250 billion in 2017 alone,” Lussier Hoskyn said during a session […]
Given the volume and depth of data available in benefits plans, as well as the complexity of problems to be solved, machine learning and broader artificial intelligence are unquestionably the future of plan and member health management. That said, there are some important challenges for plan sponsors to consider as they look at these new […]