Due to competitive market forces and a new regulatory landscape, there has been a wave of mergers and consolidation in the health insurance industry. Health plans face a multitude of challenges with each of these mergers or consolidations. The primary problem is integrating data from various systems and regions onto a common platform.
Actuarial, medical-management, and finance departments need quality data delivered in a timely fashion to support financial decisions and manage the risk profile of their member base. Often, these departments find themselves struggling to just get the data and waste so much time doing so that they have very little time left to analyze the business appropriately and rigorously.
The d-Wise Healthcare Practice solves this problem by building analytical data marts (ADMs) that allow analysts to spend the bulk of their time analyzing the business, instead of gathering, standardizing and consolidating data from disparate sources. The d-Wise Common Platform for Actuarial Analysis is built to provide a robust, reliable, and reproducible data source that is refined and fully integrated. The practice combines extensive domain expertise in data warehousing and Actuarial sciences, to provide clients with a comprehensive, powerful solution to their data needs.
d-Wise's Centralized Data Repository establishes a single data platform for all analysts and analytic applications. A common vocabulary is enforced through the metadata repository thereby reducing or eliminating siloes of data and data processes. The result is clean and consistent data ready for use and analysis. The CDR has six major sections.