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 an ongoing service that for the first time gives health plan administrators, CFOs, and CEOs absolute, quarter-by-quarter control over their company or enterprise health plan. HDM specialists analyze your claims and clinical data from a financial perspective, and provide hard facts to enable important health plan decisions in three key areas — contract compliance, financial management, and utilization — and continues to monitor your employee health plan for new updates and changes.

BenefitsWatch is not software that you have to painfully absorb into your organization or enterprise. It’s also not ASP-based. It does not require additional resources including...no additional IT involvement or expense...no additional hardware cost or training...and no payroll addition.

Our software tool masterfully combines HDM’s proprietary business rules engine and industry best-practices modules – including ASO contracts, SPDs, and formularies – with a proprietary compliance module and the collection and integration of 100% claims, eligibility, and other benefits data from administrators and PBMs into a single customized data warehouse. We then do all of the number crunching and the critical analysis!

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

Click here to request a BenefitsWatch Brochure.

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.