Employee Benefits with Big Data and Technologyassets.humanresourcesonline.net/conferences/2017/EHi/CXA_CeciliaDeasy.pdf · Health Engage Individual Prove ROI. 6. Insights & Feedback

Transforming

Employee Benefits

with Big Data and

Technology

6th October 2017

Employee Healthcare Interactive

© 2017 CXA Group Pte. Limited | All Rights Reserved

2

© 2017 CXA Group Pte. Limited | All Rights Reserved

Employee Only $180

Employee + Spouse $360

Employee + Child(ren) $255

Family $445

3

Current Employee Benefits Value Chain

© 2017 CXA Group Pte. Limited | All Rights Reserved

HRA

Employees

Screening

Wellness

Clinics

Brokers

Insurer

Employer

4

Redefining the Value Chain

5

End to End Solution

Transaction to Value

Treatment to Prevention

One Size Fits all to Individual

I Believe to I Know

Transform

Services

Improve

Health

Engage

Individual

Prove

ROI

6

Insights &

Feedback

Assessment

& Health Risk

Personalized

Marketplace

Corporate

WellnessIncrease EmployeeAwareness & Engagement

Annual

Cycle

7

Insurance Assessment

Simple

questions to

understand

employees’

insurance

needs

8

Instant Feedback & Suggestions

9

Upload Health Screening

10

Personalized Marketplace

Suggested insurance and

wellness products or services

Shop using remaining wallet (cashless

to employees) or credit cards

11

Corporate Wellness Programs

Use data to target those who

need wellness

We will consolidate program participation and vendor invoices

12

One-stop Administration

13

Solving Pain Points Using Technology

✓Increase Employee Engagement

✓Reduce HR Workload

14

Algorithm

Data

Warehouse

Workforce Segmentation

Valuable Insights

ROI Measurement

Predictive Modeling

Wearable/Med Devices

Health Risk Assessment

Medical Claims

Health Screening

Wellness Participation

Portal

Data Analytics

Absence Data

Engagement

15

Workforce Segmentation

21% Low Risk

6% Cost

56% Moderate Risk

46% Cost

23% High Risk

48% Cost

Clear Correlation Between Risk And Cost

16

Valuable Insights

87%Chronically Ill

>80%Inpatient Cost

>5XConsultation Visits

50%Diabetes

43%Depression

52%Sleep Deprived

23% EE

48% Cost

High Risk

17

Valuable Insights

82%

16%

2%

0% 20% 40% 60% 80% 100%

Wellness Participation

2

6

25

0 5 10 15 20 25 30

Sick Days

70%

80%

85%

0% 20% 40% 60% 80% 100%

Drug $ as % per visit

25%

20%

35%

0% 10% 20% 30% 40%

Specialist Referral

Cost Drivers and Tangible Solutions

18

Key Cost Drivers

Prescription Drug Cost

Specialist Referral

Chronic Disease

Virtual Clinic

Remove

Personal Health

Tangible Solutions

19

Predictive Modeling

Current 2018 2019 2020 2021 2022

Total 5 Year Savings: 700K to 1.5M (10% to 20%)

1.0

1.61

1.39

1.19

1.26

Current

Virtual Clinic

Specialist Referral

Personal Health

ROI Measurement

20

Ability to measure

• Cost, engagement

& risk improvement

• Each program

effectiveness

• Return on

investment

• Same population

cohort

21

In Closing

Data InsightsTechnology +

MEASURABLE

RESULTS

Targeted and Real

Solutions

T +65 6659 8082

E [email protected]

W cxagroup.com

401 Commonwealth Drive,

#05-03/05 Haw Par Technocentre,

Singapore 149598

Reg. No. 201303355E

CXA Group Pte. LimitedFollow us on

@CXAGroup

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