ATLANTA – – Health plans in the Individual Exchange Market have been flooded with new members as a result of the Affordable Care Act’s prohibition against plans excluding members based on pre-existing conditions. Because the plans typically know very little about these new members, they are limited in their ability to assess these members’ health risk and intervene to prevent poor health outcomes. EveryMove, through its Tandem engagement product, has found a way to assess member risk – without using medical and pharmacy claims data – to proactively and more accurately target a health plan’s members with greater specificity for intervention and digital engagement: the LexisNexis® Socioeconomic Health Score from LexisNexis Risk Solutions.
In order to validate the value of using socioeconomic data to assess risk, Tandem provided the basic identity data (name, gender, date of birth and address) for 5,000 of a customer’s members to LexisNexis Health Care as part of a study. LexisNexis Health Care ran the socioeconomic risk model and generated a health score for each member. Tandem did analysis and validation of the model output and performance through comparison against claims data. The results validated the use of the LexisNexis Socioeconomic Health Score’s ability to predict health risk without medical claims data. Specifically, for overall risk, EveryMove reported that members in the top 10 percent of the LexisNexis Socioeconomic Health Score had significantly higher risk than average, and the bottom 10 percent had significantly lower risk than average.
“One of the biggest challenges facing the payer market is how to maintain costs while driving revenue as they bring on new members – many of whom were previously uninsured or had very little claims history,” said Kathleen Mosbaugh, Vice President and General Manager, Clinical Solutions, LexisNexis Health Care. “The EveryMove study proves that the LexisNexis Socioeconomic Health Score can assess the risk that payers and related health care organizations today are so desperately seeking.”
The LexisNexis Socioeconomic Health Score leverages over 250 clinically validated socioeconomic attributes found within public records data that correlate with health outcomes to provide health care entities with a picture of unforeseen future risk. Once a health plan’s member file has been run against the socioeconomic model, a socioeconomic health score is delivered at the individual member level, which is indicative of the health risk they pose over the next 12 months. These scores can be easily integrated with existing workflow platforms.
In addition to analyzing how the LexisNexis Socioeconomic Health Score fared in scoring overall risk, Tandem analyzed and reported results for the following conditions:
About LexisNexis Risk Solutions
At LexisNexis Risk Solutions, we believe in the power of data and advanced analytics for better risk management. With over 40 years of expertise, we are the trusted data analytics provider for organizations seeking actionable insights to manage risks and improve results while upholding the highest standards for security and privacy. Headquartered in metro Atlanta USA, LexisNexis Risk Solutions serves customers in more than 100 countries and is part of RELX Group, a global provider of information and analytics for professional and business customers across industries. For more information, please visit www.risk.lexisnexis.com.