Data Services For Your Clients
Our proprietary benchmarking and data analysis services give you an opportunity to partner with a carrier that can provide your clients with the information needed to focus their patient safety and quality improvement resources in order to achieve higher standards and lower costs.
Our Data Service Team works with you and your clients to understand broker and organizational strategies and goals and how data analysis can improve decision making. Subsequently, study results provide meaningful insight into the performance of the client's adjudication and risk management programs as compared to peer healthcare systems.
BerkleyMed's Data Services can offer to lead clients:
- Customized Comparative Market Analysis Reports
- Meaningful peer groups based on each client's unique needs
- Access to the largest proprietary claims database in the industry
Customized Comparative Market Analysis Reports
BerkleyMed's Comparative Market Analysis is a customized benchmarking report designed to:
- Identify areas with potential for improvement by comparing your client's claim frequencies, severities, and adjudication costs with those of peer hospitals,
- Quantify potential liability cost savings in the areas of improvement to assist in prioritizing resources, and
- Engage other BerkleyMed risk mitigation services to identify specific organizational changes that can improve performance and reduce the potential for future liability costs.
Meaningful peer groups based on
each client's unique needs
We realize that the selection of a peer group is critical
when conducting benchmarking. Each client is unique and, therefore,
requires a peer group that is unique and reflects the most
important characteristics of the client's organization.
Our Data Services Team spends a great deal of time in the preparation stage making sure that your clients' peer group meets their specifications. Typical attributes reviewed in selecting your client's peer group are:
- Jurisdiction
- Utilization characteristics
- Patient population demographics
- Nationally based top rating lists
- Medical school affiliation
- Religious affiliation
As a broker, you may also represent specialty facilities that may have sparse peer groups within their venues. For these clients, the Data Services Team can apply its Venue Adjusting Methodology to translate claims values from one venue to another, thus expanding our peer group capabilities for specialty facilities.
Access to the largest
proprietary claims database in the industry
BerkleyMed's proprietary database is the culmination of
years of data collection and development and is focused on
professional liability claims for not-for-profit, self insured
entities.
We house over four times the data found in the next two largest published industry databases.
Data is obtained from submission and industry sources, and we employ a dedicated staff to maintain the database, ensuring that we present the most current information possible to our brokers and clients. This data cannot be purchased directly from any source and is the result of BerkleyMed's internal efforts and capabilities. Thus, our proprietary benchmarking and data studies cannot be exactly reproduced by any other entity.
