HDMS Releases Enhanced Forecast Plan Modeling Platform

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Improved benefits-modeling analytic tool gives users access to more customized and enhanced datasets and better functionality.

The new version of Forecast ensures that smaller companies – those that don’t have their own health data database – can still enjoy all the benefits of a powerful and targeted tool that analyzes how proposed plan changes can have a real impact.

HDMS announces the release of a new version of its Forecast benefits modeling module. The announcement was made during the company’s annual User Forum. The new version of HDMS’ popular plan modeling platform lets users analyze demographic data based on HDMS’ own population pool rather than through an organization’s dedicated DART database. The benefits of such a dataset means that companies and organizations that don’t currently have their own DART health data to analyze can still review proposed plan changes to their benefit offerings and compare how those changes might affect healthcare costs and outcomes across an entire population. A new automated Forecast demo, which demonstrates the module’s enhanced functionality, is available on HDMS’ website.

The new capabilities included in the updated Forecast plan modeling module means that organizations that aren’t currently using their own DART data can still reap the benefits of sophisticated plan modeling and analysis by using HDMS-compiled data as a baseline for comparison. The results are a streamlined, exact, and comprehensive overview of how variations in plan design will affect a particular population – with the final outcome being a more robust set of plan offerings for organizations of all sizes – measured against sophisticated and detailed demographic data.

“Forecast has always been a powerful and dynamic modeling tool for health plans and employers that uses an organization’s own data and the most up-to-date actuarial techniques,” said Denise Zeman, Senior Vice President and Chief Administrative Officer, HDMS. “The new version of Forecast ensures that smaller companies – those that don’t have their own health data database – can still enjoy all the benefits of a powerful and targeted tool that analyzes how proposed plan changes can have a real impact on their employees’ benefits.”

The new version of Forecast includes additional improvements over past releases – many based directly on customer feedback and technological innovations. HDMS strives to ensure that its products remain the most innovative and dynamic health data reporting and analysis solutions available. By listening to its customers, and updating its products when new data and information is available is one reason why HDMS is the trusted health data partner for some of the most well-respected health plans and companies in the country.

About DART

DART is HDMS’ comprehensive, web-based data analysis and reporting tool that provides an intuitive, powerful and easy-to-use for organizations to analyze their health data. DART includes over 100 customizable, interactive reporting templates that are refreshed with the most recent data from monthly update cycles. DART’s interface is logically organized and easy to navigate by topic. Standard DART reports can give user’s insight into their health data for everything from Gaps in Care to Expense Reports. Trusted by more than 100 employers and health plans - including some of the most highly-respected companies and health organizations in the country - DART continues to be the most comprehensive health data analysis and reporting tool available, giving organizations the knowledge they need to make more informed healthcare decisions.

About HDMS

Health Data & Management Solutions, Inc. (HDMS) is a software development company offering data warehouse, management and analysis tools for the healthcare industry. HDMS’ web-based products and services provide flexible, high value reporting, empowering both employers and health plans to maximize the value of their health care data and support benefit decisions.

For more information about Health Data & Management Solutions, please visit http://www.hdms.com or contact inquiry (at) hdms (dot) com.

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Chris McGurn

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