What are some of the advantages of the benchmarks that BHI generates?
Reporting using BHI data can show an employer’s incurred costs in the following ways, among others: • breaking total cost down by actual MSAs or regions, • comparing the employer’s costs to those of companies in the same industry (identified by SIC code), • benchmarking the employer’s costs to those of similar companies by type of product (PPO, HMO, etc.). BHI’s robust data set makes possible greater breadth and granularity of geographical analysis, more meaningful intra-industry comparisons and clearer insights into the effectiveness of product types. BHI also enables reporting not only by MSA, industry and product type, but by additional factors including Diagnosis Related Groups (DRG) code, age group and gender. Data Integrity What quality assurance process guarantees the validity of BHI data? BHI employs the most rigorous healthcare data certification process.
