NEW YORK, April 24 /PRNewswire/ -- The Segal Company and Sibson
Consulting, its strategic HR consulting division, have announced an
agreement with CareAdvantage, an independent medical data management
company, to serve as Segal's and Sibson Consulting's data analytics partner
in providing sophisticated medical data analyses and reporting to clients.
According to Edward A. Kaplan, Senior Vice President and National Health
Practice Leader, "Data mining is essential for plan sponsors seeking to
better study plan cost drivers and develop intelligent cost containment
strategies. Making the medical data scrubbing and evaluation tools that
CareAdvantage uses to dissect complex health plan costs available to our
clients will help them find better ways to support health management
strategies."
Joshua Stein, Manager of Client Solutions at CareAdvantage, added, "By
developing a centralized data repository that integrates financial,
clinical, pharmacy and HR data, we will be able to produce a consolidated
view of total healthcare expenditures that will allow plan sponsors to
develop long-term health and benefit strategies. In addition, advanced
predictive models and clinical algorithms will be used to foster the
measurement of plan performance and future medical cost trends."
For more information, contact Mary L. Feldman at 212.251.5029, or
mfeldman@segalco.com.
The Segal Company (http://www.segalco.com) is a leading, independent
firm of benefit, compensation and human resources consultants. Sibson
Consulting (http://www.sibson.com) is the strategic human resource
consulting division of Segal. The organization, with more than 900
employees is headquartered in New York and has offices throughout the U.S.,
in Canada and the U.K.
CareAdvantage, Inc. (http://www.careadvantage.com), founded in 1994, is
in the business of providing clinical consulting and data analysis
solutions to health plans, employers, national consulting firms, hospital
systems, unions, states and other purchaser groups. The CareAdvantage team
consists of former health plan executives, senior medical directors and
care management operations directors, as well as experts in clinical data
analysis and information technology.
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