In the high-stakes game of healthcare, advanced analytics are the ace payers need to transform their utilization management (UM) programs. Data-led insights inform efforts to optimize prior authorization (PA) programs, helping maintain appropriate medical spend and minimize administrative spend. Without making a significant and concerted effort to advance their use of data, health plans risk playing a losing hand. Perpetually inefficient and ineffective PA rules significantly limit their medical loss ratio opportunities.
UM is poised for transformation:
- Approximately 80% of PA volume has no return on investment for payers.
- Nearly 40% of procedure codes are approved 100% of the time.
- PA processing cost payers $305 million in 2019, $202 million of which was related to manual processes.
This interactive infographic can help you gauge your PA program’s maturity to build a winning hand.
For more information on ZS’s advanced analytics-based recommendation engine, download our brochure here. To learn more about the impact of a transformed prior authorization program and how ZS can help, reach out to our experts to book a meeting.
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