TULSA, Okla. - (Business Wire) Rising employee benefit costs are a concern for every business. Private equity firms and their portfolio companies are constantly challenged to create value for investors while controlling benefit expenses. A holistic approach combining benefits procurement, employee health and wellness and rigorous, data-driven management is required. Alterity, a newly formed employee benefits procurement consortium serving the private equity market, has chosen to implement data analysis, reporting and plan modeling solutions from Benefit Informatics to help client member companies identify and control their benefit spend. Benefit Informatics technology solutions will be utilized in Alterity’s Benefits Management Programs, which include plan design, data warehousing, benchmarking/analytics and vendor management.
Kim Davis, President of Alterity, considers the implementation of Benefit Informatics technology a critical element of the consortium’s benefits procurement solutions. “Our approach to benefits procurement and management is both holistic and comprehensive. We must be a flexible and collaborative partner with our clients and access to data and analytics is imperative. Benefit Informatics gives us that access through their data integration of multiple data sources and variety of standard and ad-hoc analysis and planning capabilities.”
Because Alterity works with clients who span a wide range of industries, locations and sizes, a comprehensive approach to data integration was required. Utilizing Benefit Informatics data integration services, Alterity’s benefit procurement experts have access to claims, plan and eligibility information from a number of health plans and payers. By integrating this data into one data warehouse, Alterity can offer innovative and timely analysis for clients, which allows these companies to make informed decisions about health plan options.
“We are very pleased to work with Alterity in building a comprehensive data warehouse and supplying the technology to help them better analyze, plan and manage their clients’ employee benefit programs,” said Philip Kurtz, Benefit Informatics President and CEO. “The Alterity team’s experience in benefit procurement and management is a perfect fit for our technology solutions.”
About Benefit Informatics
Benefit Informatics Inc. enables the efficient planning, management and analysis of employee benefit plans through the delivery of online proprietary applications and services to employers, insurance companies, third party administrators and brokers. Benefit Informatics currently serves more than 50 payer organizations and more than 5,500 businesses and health plans. For additional information, call 888.802.INFO (4636) or visit www.benefitinformatics.com.
About Alterity
Alterity is an employee benefits procurement consortium - the definitive resource enabling private equity firms and their portfolio companies to optimize and significantly reduce employee benefits costs. Alterity both identifies savings opportunities and implements programs to realize those savings. We do so in a way that not only preserves plan independence, but also enhances the value of benefit plans for employees. For more information, call 877.233.4176 or visit www.alteritygroup.com.
Benefit Informatics Inc.
Chris Metcalf, 918-491-3603
cmetcalf@benefitinformatics.com
