Aon | Professional Services Practice
Health Risk Navigator
Print This PageThe Aon Health Risk Navigator helps protect your firm’s health plan with insights about future high-cost claimant activity.
High-cost claimants are one of the largest drivers of healthcare expenses for professional service firms. Factors including new high-cost injectable drugs, increasing cancer rates, and longer hospital stays are growing this demographic. As a result, premiums continue to increase for medical stop loss reinsurance for self-insured plans, making it harder for firms to hedge the elevated claim risk.
High-Cost Drivers
However, equipped with the right tools, over half of high-cost claimants are predictable. Firms can gain more certainty in the current macroeconomic environment by using proactive risk management strategies and tools like the Aon Health Risk Navigator.
How does the solution work?
The Health Risk Navigator’s predictive insights enable strategies to plan for and protect against the elevated healthcare claims risk employers are facing. These strategies include:
- Optimizing stop loss coverage
- Improving accuracy of budgeting
- Implementing targeted care management programs
When integrated with a data warehouse and ongoing data feed, the Health Risk Navigator takes stop loss and budget planning to a new level with predictions, continuous monitoring and delivery of recommendations. Firms gain more confidence managing claims risk and healthcare expenses.
Quantifying Individual Claim Risk
Working Together
Our team partners with your firm with a collaborative and hands-on approach. We start by gaining a deep understanding of your firm’s business and strategic goals. We look at your historical claims risk and determine your appetite for uncertainty. We use that information to analyze your risk-versus-reward trade-offs. We take pride in contributing to your drive for business success.
Our services include ongoing monitoring and predictive updates — well ahead of renewals and budgeting decisions — to inform your ongoing financial and risk management strategy. Our approach emphasizes a commitment to continuous improvement, so you can be confident in the highest level of service and a consistent, high-quality client experience.
Claims and Volatility Trade-off
Next Steps
For more information about Aon’s Health Risk Analysis, please send an email to [email protected] or reach out directly to Mark Scarafone or Jake Delman.
Mark Scarafone
Senior Vice President and Health & Benefits Leader
Radnor, PA
Jake Delman
Senior Consultant
Washington, DC
