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Oracle Health Insurance Business Intelligence is a data warehouse application that converts the data from Oracle Health Insurance BackOffice into data that can be analyzed by end-users. This can help you control healthcare costs in a number of ways. For example, you can relate the healthcare procurement agreements to the data regarding paid-out or rejected claims. You can also display the efficiency of healthcare providers in figures by creating benchmark information.
This application allows you to determine the profitability of products by relating policy and premium information to the claims burden. Based on these analyses, you can prepare premium calculations for target groups and change the coverage for a product. You can also use Oracle Health Insurance Business Intelligence to draw up mandatory financial reports for regulators.
The inflow and outflow data-the reasons for switching healthcare insurers/payers in combination with the number of switches-can be analyzed for further optimization of your marketing process. You can use this information not only to take measures to reach new consumers and retain existing customers, but also to improve your internal processes.
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