Under the agreement, the companies will share health-care databases to more effectively address the rising costs of employer health benefit programs.
Under the agreement, Ann Arbor, Michigan-based Medstat and Hewitt will be sharing benchmark information from the pooled health-care experiences of their respective clients. Hewitt’s Health Value Initiative database includes premium and plan design information on more than 2,300 health plans representing over 300 companies, while Medstat’s MarketScan databases reflect the actual claims experience of millions of health plan members.
Both databases provide a rich set of benchmarks, segmented by geography and industry, according to the firms, offering a broader picture of health plan performance, and including what employers are paying for health-care benefits and costs that are actually being incurred.
« Mercer: Health-Care Cost Up 10.1% in 2003