Transform Health Insurance with Data-Driven Insights

Coverage Cost-Effectiveness and Outcome Insights for Health Insurance

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How does your health plan decide what products, drugs, and services to cover?

$4.3T

U.S. Healthcare Spending

9.1%

Annual Growth Rate

$1.5T

Drug & Device Spending

The Innovation Gap

Despite being one of the most important areas for U.S. Healthcare innovation, nobody is really doing anything about it

See Our Solution

Health plans issue medical policy to set criteria for coverage of services, drugs, and medical devices

Medical policy or utilization management (UM) policy is the criteria by which health plans officially cover a service or product

  • Eligible Diagnoses

    Specific conditions that qualify for coverage

  • Specific Testing Requirements

    Necessary diagnostic evaluations

  • Required Service Elements

  • Documentation Requirements

  • Treatment Pathway Requirements

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Policy Goals Analysis

Health plans use medical policy guidance to promote specific business goals

Stated Goals

Evidence-Based Practice

States the plan's view of appropriate clinical practice and supports evidence-based practice

Authorization Guidance

Provides guidance to clinics on prior authorization requirements

Cost Control

Prevents wasteful utilization and spending

Unstated Goals

Administrative Friction

Creates administrative burden for clinics and patients to reduce cost via friction

Legal Protection

Provides legal cover for denying services

Cost Barriers

Creates barriers to higher cost services

Cost Routing

Routes patients to lower cost services and products, first

Current State Analysis

Health Plans Issue Medical Policy Guidelines Via
Haphazard, Expensive, and Manual Processes

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Anthem Description
Research Product

Boom! Health Analytics provides a research product For Payors

Boom! Health Analytics

What?

Online, Subscription Research Product

For Who?

Health care risk bearing entities and health plans

How?

Contractual Access to Massive, National Claims Data & Machine Learning Driven Insights, Validated by Qualified Humans

Why?

To influence Medical Policy and Coverage to help health plans gain insight to reduce cost, predict cost, and improve health

To accelerate the adoption of impactful technologies that can advance human health

Research Product

We Provide Payors With a Research Product For Cost-Effectiveness & Coverage Analysis for Health Plans

Key Questions We Answer

Coverage Criteria

What new emerging technologies, drugs, care models, and services should I cover and by what criteria?

Network Incentives

What technologies and services should I promote and incentivize in my provider network and vendors?

Impact Assessment

How can I assess the potential impact of coverage decisions faster?

ROI Analysis

At what payment rate can I expect a return on investment for a particular benefit?

Timeline Projection

In what timeframe can I expect a return from a particular technology, drug, care model, or service?

Cost Trends

What areas of cost are changing most rapidly year-over-year?

Our multi-payor type claims data lake allows for valid and robust analysis

Patient Journey Structured Claims Data Source

45B

Patient Encounters

340M

Patient Journeys

7

Years of History

Monthly

Real-time Updates

Our research methodology is academic-grade and
designed to produce valid and generalizable insights

1
Cloud-based
Claims
Database
2
AI Filter
Engine
3
ML Co-Variable
Identification
4
Human
Statistical
Investigation
5
Clinical-
Feasibility
Logic Test
6
Research
Product
Reports
Benefits

Our insights provide key benefits to payors

Predictability of Cost

Identification of Rising Cost Areas

Analyzing trends and patterns to identify key cost drivers

Opportunities for ROI

Areas of Interest for HEDIS/STAR

Strategic focus areas for quality improvement

Research Examples

Data-Driven Insights

Discover how our research methodology delivers actionable healthcare insights

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