HDM created BenefitsWatch to make it easier for employers to keep their health benefit costs in line with budget by identifying opportunities to improve controls and monitor all areas of health benefits, including medical, dental, and prescription drugs.

BenefitsWatch is a robust analytical solution, comprised of health benefits intelligence and financial benchmarketing tools that analyzes 100% claims data before generating data for managing the costs and risks associated with employee health benefits. This industry leading solution allows for the analysis of cost and utilization, benefit design, vendor performance, auditing, and financial/actuarial values. It improves any employer’s ability to make fact-based decisions and vendor management assessments regarding health benefits by applying metrics to company data.

It identifies ways to improve expenditures while establishing controls over benefit operations in three critical areas — contract compliance, financial management, and utilization — and can continue to monitor employee health benefits for new updates and changes.

With BenefitsWatch, you as an employer will have key benefits information and progressive solutions needed to routinely monitor your benefits expenses. Overall, it will improve your ability to make benefit decisions and vendor management assessments while gaining control managing employee health benefits with a single source analytical solution.

To learn more about BenefitsWatch or to schedule a demo, contact HDM today at 800.859.511 ext. 280 or request additional information with our online form. You may also send an email to: info@HDMinc.com.