Nolan Perspectives
Achieving steady-state operations may not be the most glitzy goal for a business leader, but it is a very necessary step towards competitiveness – and often a very challenging one.
Many payers have been expanding their business through additions of new lines of business (e.g. Marketplace, Medicaid, Medicare) and/or new geographies. They often find themselves driving towards very aggressive dates and, in some cases, with unfamiliar products.
Product Portfolio Management is enhanced by understanding how different benefit packages interact with Persistency of the main offering. Health Plans who are or are considering offering ancillary benefits gain from knowing the lift provided or not provided by ancillary benefits.
Health Plans are Gaining Competitive Advantage with Portfolio Management and Persistency Modeling
The health insurance industry is on the verge of a major shift — one that promises to change how insurance coverage is marketed, sold, and consumed. Here’s our perspective on how the Exchanges will transform the industry — and what health insurers can do to compete.
In the age of Affordable Care, individuals are playing a more active role in their own health.
Over the past 20 years, health plans have made significant progress in reducing admin expenses, but new healthcare models are requiring health plans to implement new capabilities, which is driving costs back up.
The pace of business today and the realities of the current economy have resulted in changes and adjustments throughout the business world. With cost pressures, businesses have stressed the impact on service.
I recently wrote an article concerning the need to extract business value from Business Analytics. A reader then sent me the following question and comment: “Who should be charged with making sure this happens – is it the responsibility of the CIO, line-of-business heads, data scientist (where t
A recent ComputerWeekly article presents some startling figures concerning the amount of money businesses are investing in business analytics. The article1 reports that business intelligence software and services will reach $143 billion in 2016, with two-thirds of that being on services.
Business leaders have categorized the problems confronting them as “complex” since the phrase “business problem” was coined. And those problems are getting more complex. The pace of technology, new competitive landscapes (e.g.
“Effective use of technology and data can improve the quality of care and make our health-care system more efficient,” said Health and Human Services Secretary Kathleen Sebelius.
Earlier this year, the Nolan Company conducted a market scan of the health insurance industry through targeted interviews and reviews of public information. The purpose of the scan was to develop a qualitative understanding of what health insurers will focus on over the next few years.
With its beautiful foliage and cooler temperatures, fall is a time of reflection on the achievements of the current year and preparation for the upcoming year. Reflecting on 2012, it has been a year of significant change and uncertainty in the healthcare industry.
Adapt or die. So Charles Darwin wrote, and any shrewd businessperson knows it applies to companies as surely as it does to plants and animals.
Replacing ICD-9-CM with ICD-10-CM and ICD-10-PCS Challenges, Estimated Costs and Potential Benefits
Nolan conducted a study for the Blue Cross Blue Shield Association that assesses the costs, operational challenges, and potential benefits of migrating to ICD-10-CM and ICD-10-PCS.
I am an amateur cook. I’ve learned to cook as amateurs do: by watching my father, Boy Scouts, talking with friends who cook, and reading about food and recipes. But, most important, by breaking eggs and giving it a try!
Whether you're ready for it or not, the implementation date for Health Insurance Exchange is coming.
Many health plans are making investments in analytics that are becoming solutions in search of a problem. If executives don’t engage their analytic staffs on critical issues, the result can be “analytic drift.” The analytic staff is adrift when they are spending their talents—and the plan’s mone
It is generally accepted in many industries that the next frontier in competition will revolve around analytics. Companies that figure out how to leverage analytics will improve business performance by reducing costs, improving customer satisfaction, and understanding more clearly who their customers are and what they want to buy.
Productivity in many administrative functions in health plans has increased four- to five-fold over the last 20 years.
We don’t actually expect “Process” to replace “Project” in “PMO,” but given the pervasive changes in health care, we do believe that the process management office is becoming essential. The health care industry is undergoing change of a scope and pace unlike anything we’ve seen.
If we were rating managed Medicaid as a stock, it would be a “strong buy.” Why? Read on.
There will be sustained enrollment growth in managed Medicaid. It is estimated that the number of people eligible for Medicaid will grow by 16 million over the next 10 years.
