KANSAS CITY, Mo., April 21, 2016 /PRNewswire/ -- Lockton Benefit Group today announced a material investment in its InfoLock® data intelligence platform. The enhancements to the platform improve Lockton's ability to partner with their clients to identify health trends and respond to areas driving the cost of health. Lockton uses InfoLock to advise employers on developing comprehensive health management programs to address the continuum of health risks across their working population.
By providing frequent in-depth analyses of medical and pharmacy claims, biometric screenings and health risk assessment information, Lockton helps employers optimize employee benefit plan design, implement targeted disease management initiatives and develop highly-focused employee wellness programs. Lockton's team of clinicians works in concert with its client service teams to help employers make strategic, data-driven decisions about their health plans. The enhancements to the current InfoLock data intelligence platform offer improved accessibility, access to additional data sources and agile customization of reports to help identify trends in chronic disease, high-cost claims and utilization patterns.
Key to the success of this investment is the incorporation of SCIO Health Analytics®, predictive analytics solution. The analytics enable Lockton's client service teams to gain timely insights into trends and make evidence-based recommendations that have a high probability of improving employee behavior to drive better health outcomes. The combination of Lockton's strategic, unbiased consulting and SCIO's deep expertise in analytics provides greater transparency into the data, enabling employer-clients to translate insights into action quickly and precisely, resulting in lower healthcare costs and higher workforce productivity.
"Quick access to relevant information combined with the experience and expertise of our consultants gives our clients an unprecedented advantage in the efforts to control health plan costs," said Bob Reiff, president of Lockton Benefit Group. "Our investment in this new data analytics technology provides our service teams and clients with the ability to tap into their own reports and get the answers they need to help save money and increase productivity. We've always offered unbiased consulting to our employer-clients and this major investment will give us more data on which to base recommendations. The bottom line is this: we help make our clients' businesses better and InfoLock is a real driver of those improvements."
"Lockton understands not only the power of advanced data analytics, but also how to interpret that data in a way that makes it actionable for their clients," said Rose Higgins, president of North America for SCIO Health Analytics. "We are excited to put our upgraded resources and experience to work for Lockton clients, to help them drive care transformation, improve productivity and cut healthcare costs."
More than 6,000 professionals at Lockton provide 48,000 clients around the world with risk management, insurance, employee benefits consulting, and retirement services that improve their businesses. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held independent insurance broker in the world and 10th largest overall. For seven consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance." To see the latest insights from Lockton's experts, check the Lockton Health Risk Solutions Blog.
About SCIO Health Analytics
Based in West Hartford, Connecticut, SCIO Health Analytics is a leading health analytics solution and services company. It serves more than 80 healthcare organizations across the continuum including over 20 provider groups and 30 health plans representing more than 90 million members, four of the top six PBMs, and clients in 30 countries for 8 of the top 15 global pharmaceutical companies. SCIO provides predictive analytic solutions and services that transform data into actionable insights, helping healthcare organizations create the understanding that drives change through care, network and reimbursement optimization as well as commercial effectiveness. www.sciohealthanalytics.com
SOURCE Lockton Benefit Group