Springbuk

Today’s employers find themselves in a tight spot as conflicting narratives continue to drive their health benefits decisions. On the one hand, the profound attrition rates are pushing enterprises to expand their health benefits to recruit, retain, and engage diverse talent in a highly competitive labor market. On the other hand, the burgeoning healthcare costs are forcing them to optimize and contain their health benefits expenditure.

Caught in this Gordian knot, employers must devise health benefits strategies that are cognizant of their employee population’s needs while enabling them to measure the impact down to the granular level. This is where the Springbuk Health Intelligence platform can help.

The Springbuk platform goes beyond just accumulating and analyzing health benefits data. With advanced health intelligence, Springbuk empowers employers and benefits advisors to identify the potential courses of action, evaluate their comprehensive impact, and take the best possible next step regarding their health benefits decisions. Springbuk provides them a customized direction to optimize health benefits plans and contain costs.

“Employers are uniquely positioned at the center of the healthcare ecosystem as they fund employee healthcare costs. We have built Springbuk so employers can deliver the best care paradigm at the best economic value possible,” says Penny Moore, Chief Commercial Officer of Springbuk.

The Springboard to Health Benefits Success

By combining leading-edge data science techniques with vast clinical expertise, Springbuk brings together an array of features under one roof. The first is a curated search tool—Springbuk Answers—that provides data-driven results to any business question surrounding health benefits, along with benchmark comparisons and curated questions and topics.

Springbuk Insights, another feature, leverages predictive modeling and forecasting to enable organizations to identify target populations while efficiently guiding them through disease management resources and risk mitigation strategies to prioritize their benefits offerings.

Once the benefits program is put in place, Springbuk Timeline allows employers and their benefits advisors to monitor program success across multiple metrics and measure the impact on different member groups. Employers can seamlessly track and visually show how their programs are driving a positive effect on employee health.

Springbuk’s overarching goal is to enable employers and their benefits advisors with actionable, data-driven insights to manage their increasing health costs and improve employee health outcomes. They can identify the top drivers of their cost trends—previous, current, and future— surfacing significant cost-saving opportunities.

Springbuk’s security and scalability make the platform all the more remarkable for enterprises. Springbuk has earned the HITRUST Risk-based, two-year (r2) Validated Assessment certification, which places it in an elite group of organizations that maintain the highest HIPAA compliance and healthcare data safety standards, as well as SOC 2 Type 2 compliance, which evaluates internal controls and their ability to protect sensitive data. At the same time, the cloud-native architecture of the platform offers Springbuk maximum scalability to meet the demands of multi-sourced healthcare data, today and tomorrow.

How a Fortune 100 company utilizes Springbuk to unlock vital insights into employee health trends best reflects the platform’s competency. For one company, musculoskeletal conditions marked the highest health benefits expenditure. With the wide range of medical interventions available for treating musculoskeletal diseases, the organization wanted to identify where they were spending the most, what kind of interventions employees primarily needed, and how they could implement the best benefits program. Springbuk’s comprehensive analysis helped the organization unravel deep insights and make “needle-in-a-haystack” discoveries, allowing the company to swiftly select an ideal benefits vendor. Now Springbuk is working with the vendor to analyze how the employees engage with the program.

As enterprises look for insights and information to make the best benefits decisions possible for their employees’ health, Springbuk is presenting the direction that’s often missing. Springbuk is breaking down the barriers between an organization and its data-driven benefits design decisions, as well as paving the way for them to evolve with changing employee benefits requirements, giving employers greater confidence than ever in their future.