Employers typically learn how they’re doing against competitors through survey data.
We’ve found this process is typically too high-level and quickly outdated. Further, the reliability and validity of the responses are only as good as how the questions are asked, and who answered them. There is a better way.
DirectPath is the only company providing year-round access to real health care plan and cost data for easy, customized, unbiased benchmarking. Through its award-winning and patented technology, The Lab®, clients have real-time access to in-depth plan and cost information, enabling comparisons by industry, geography, company size, plan and employee type. There are no time-consuming surveys to complete.
The Lab enables clients to compare how their employee benefits packages match up against the current trends in the marketplace. This benchmarking tool gives employers the knowledge to better design plans that meet the needs of employees and position the company to negotiate the best pricing for their benefits packages.
Key Benefits to Working with DirectPath:
- Real-time access to more than 15,000 medical plan designs and rates, representing more than 40 million lives, updated throughout the year
- Customized on-demand benchmark reports by industry, geography, company size, plan type, employee type and plan provision
- Executive-level reports in three optional formats