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Benchmark Supplement Licenses Now Available

By Douglas B. Sherlock, CFA

Managing healthcare insurance and related administrative expenses is especially important for health benefit organizations this year. Health care reform has magnified its importance: the new medical loss ratio regulations are expected to be voted on by the NAIC within a week and approved by HHS soon after the November elections.

The Economy Weakens

In addition, the economy continues to be weak, and if costs are not managed wisely, enrollment declines can have a leveraged impact on earnings. Finally, Medicaid plans are squeezed by tight state budgets, higher enrollment and the prospect of 16 million additional members under health care reform.

We offer the benchmarks you need to help you make sure your administrative cuts don’t harm your long term competitive position. Nearly 60 health plans and TPAs participate in various benchmarking universes, and health plans serving most insured Americans used the most recent editions of our benchmarks. Sherlock administrative expense benchmarks are the “gold standard” for the operational and cost information that you need.

A Comparable Universe

Our universes are designed to be as comparable as possible to your company and include Blue Cross Blue Shield Plans, Independent / Provider-Sponsored Plans, Medicare Plans, Medicaid Plans and, our newest universe, TPAs. We have attached a brochure concerning the health plan benchmarks and a one page summary concerning the new TPA benchmarks.

TPA Descriptor

Link: TPA Supplement

Assessment

At this pivotal stage, reliable information has never been so important. We invite you to consider licensing these remarkably useful benchmarks. Additional information can be found at http://www.sherlockco.com/seer.shtml

Sherlock Company
sherlock@sherlockco.com
Ph: 215-628-2289
Fax: 215-542-0690

Conclusion

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Filed under: Alerts Sign-Up, Health Economics, Health Insurance, Marketing & Advertising | Tagged: Douglas B. Sherlock, Health Insurance, health insurance administrative expenses, HHS, Medicaid, medical loss ratio regulations, medicare, NAIC, TPA benchmarks, TPAs | Leave a comment »