With Thousands of Employees Covered by Plans in Multiple States, Lockheed Martin Presents Example of How Companies Can Use Employer Vantage to Identify Local-Level Opportunities
NASHVILLE, Tenn., Dec. 11 /PRNewswire/ --HealthLeaders-InterStudy, the leading provider of managed care market intelligence, finds that with employees located from coast to coast, Lockheed Martin works with carriers across the country to provide benefits to its thousands of employees. Details of Lockheed Martin subsidiaries, the number of lives covered in its benefit plans and carrier information can be found in Employer Vantage, a Web-based product from HealthLeaders-InterStudy that integrates multiple data sets to identify the health benefits offerings of the Fortune 1000 companies and their subsidiaries.
Employer Vantage is the only product to present benefit information of parent companies and their subsidiaries, and enables pharmaceutical companies to understand the relationships that exist between employers, health plans and pharmacy benefit managers. The database includes information on how plans are funded and who is providing benefits-related services to the Fortune 1000. Understanding these connections is important to pharmaceutical and diagnostic manufacturers looking to allocate sales force resources and identify partnership opportunities.
"Employers increasingly believe that self-funding is less expensive than traditional insurance over time, even though it creates more risk for employers. Fully-insured products include a risk charge added onto the premium, as well as a margin for claim volatility and administration charges," said Sheri Sellmeyer, vice president of market analysis for HealthLeaders-InterStudy. "Typically, we see the largest companies self-insure, such as those found on the Fortune 1000: those with hundreds of locations, thousands of employees and multiple vendors. However, given the economic downturn, more employers may look toward self-insurance to help control costs."
Employer Vantage Product Features
Users can create customized, exportable reports highlighting the regions, employers and insurance carriers that are most vital to their market strategy. Data can be sorted by:
HealthLeaders-InterStudy, a Decision Resources, Inc. company, is the authoritative source for managed care data, analysis and news. For more information, please visit www.HL-ISY.com.
About Decision Resources, Inc.
Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at www.DecisionResourcesInc.com.
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