BSG Analytics’ team offers healthcare clients leading-edge data analytics that helps them to develop effective, actionable strategies that optimize outcomes, quality and efficiency.
Based out of Pewaukee, WI, BSG Analytics brings a unique 360-degree perspective to the table due to its affiliation with The Benefit Services Group, a consulting and insurance brokerage firm that offers benefits consulting, wellness consulting, compliance, administrative services, and communications to clients ranging in size from 250 to 20,000 employees. This experience, combined with BSGA Analytics work with major national insurers, hospitals, physician groups, integrated health systems, business coalitions and trade associations, ensures that the perspectives of all of the major stakeholders in the healthcare ecosystem are considered during strategic planning.
“From helping clients optimize the quality of care delivered to improving a certain treatment’s outcome and understanding what employers really want, BSG Analytics guides its clients in creating an in-market value proposition,” says Gerald Frye, President of BSG Analytics.
Effective and actionable strategies driven by powerful data analytics, depends on BSG Analytics proven ability to shrewdly understand a market and the full context of the client’s relationship to it. It accomplishes this through a variety of data sources, including all-payer claims databases, Medicare and Medicaid data, quality data, hospital cost reports and its own proprietary data. The ability to triangulate multiple datasets allows BSG Analytic to pinpoint system performance relative to the market, validate value propositions and identify areas for improvement.
As a strong proponent of measuring the total cost of care, BSG Analytics bases its analyses on episodes of care to measure all of the care provided to treat a patient for a chronic disease or acute condition. This is in contrast to the unit-price approach that focuses on what individual procedures cost, but fails to consider whether the medical service was necessary or redundant.
From helping clients optimize the quality of care delivered to improving a certain treatment’s outcome and understanding what employers really want, BSG Analytics guides its clients in creating an in-market value proposition
“We start with a top-down approach, where we look for areas where the data supports the client’s value proposition, as well as the hot spots, areas where a health system is underperforming,” says Matthew Weimer, Principal | Director, BSG Analytics. “We can then drill down into the episodes, all the way to the claim level, to identify the issues and the opportunities for improvement.”
BSG Analytics has played key support roles in public policy debates, legislation, anti-trust litigation, hospital expansions, small-format hospitals, quality improvements and cost reductions. Frye recalls the time a large healthcare system was desperately trying to manage its costs. BSG Analytics helped the client zero in on polypharmacy utilization, social welfare resources and behavioral health at the primary care level can help reduce costs and improve efficacy. BSG Analytics’ guidance helped the client reduce the costs of treating its chronically ill patients by $300 per member per year.
In addition to incorporating new datasets and machine learning algorithms, BSG Analytics is broadening its research into identifying and removing barriers to care. It also is currently partnering with two large integrated healthcare systems to improve synergies between their providers and the health plans they sponsor. And it continues to collaborate with academics on research into ways to optimize both quality and healthcare spend.
“Our never-ending mission is to create a holistic view of healthcare that takes into account the impact of strategic decisions on healthcare providers, employers, claims administrators, patients and their families. Finding efficient ways to improve health status is the key to finding sustainable solutions to controlling healthcare costs,” concludes Frye.