Game changing reporting for brokers, carriers and employers — VB Scout’s Identified Claims Value (ICV™) Suite

Would you design voluntary benefits differently if you knew about all the qualifying events in the enrolled population, not just the number of members who filed and were paid a benefit? 

Loss ratio reporting is critical – but it doesn’t tell the whole story.  Sometimes even high loss ratios mask the fact that less than 50% of qualified events are ever filed and paid.

The VB Scout ICV™ Suite changes the game. 

Our proprietary ICV™ process identifies all qualified care in the population and then calculates the total benefit value.  The ICV™ loss ratio identifies the gap between benefits earned and paid across each VB line, empower all stakeholders – carriers, brokers and employers - to track and actively manage loss ratio targets.

The ICV™ Suite allows you to:

• Quantify the plan value against true qualifying events happening in the population – not just monitoring claims filed and paid.

• Quantify the missed opportunity  or gap between qualified events and actual claims paid.

• Proactively engage members with qualifying care who would otherwise not file, delivering more benefit to the members.

• Actively monitor loss ratio.

• Take action to remediate loss ratio and achieve desired targets.

• Use financial analysis tools to design policies that reflect the actual population needs and set benefit amounts that reflect real world out-of-pocket costs.

• Develop and deploy member engagement tools that utilize financial, demographic and clinical analysis to identify underserved groups and increase enrollment for those most in need.