Skip to main content

Content is loading...

Loading...

Close

Posted August 25, 2020

Leading Analytics to Drive Benefits Growth

by

In a time when making strategic business decisions is more important than ever, wouldn’t it be nice to have analytics to help drive those conversations?

Where you could get a breakdown of your account and plan performance to optimize benefit offerings, assess your operational efficiency to drive client satisfaction and retention, measure consumer engagement to maximize account growth, and benchmark your performance to gain powerful insight about your market position?

Luckily, you can! Thanks to Benefit Analytics from WEX.

Since 2018, our partners and employers can access comprehensive analysis across core health products to get the insight they need to make data-driven, strategic decisions about how to manage and grow benefit offerings. Formerly known as the Administrator and Employer Dashboard, we’re excited to relaunch our powerful analytics capabilities as Benefit Analytics from WEX.

With Benefit Analytics from WEX, you can:

  • Evaluate your account and plan performance to optimize benefit offerings. 
  • Assess your operational efficiency to drive client satisfaction and retention. 
  • Measure consumer engagement to maximize account growth. 
  • Benchmark your performance to gain powerful insight about your market position.

And that’s just for our partners (which is only the half of it). Because with Benefit Analytics from WEX, our employers get their own set of analytics which means they can:

  • Track employee utilization to improve future benefit offerings. 
  • View how employees interact with their benefits to identify education gaps and promote utilization. 

And with this level of information at your fingertips, making the right call when it comes to benefit offerings becomes *much* easier.

For Partners

Evaluate your account and plan performance to optimize benefit offerings.

Have you ever wondered how your accounts and plans were performing to make sure you were offering the right options to your clients? 

Supporting your clients and their participants with the right offerings (and driving revenue for your business) shouldn’t be a guessing game. 

With our analytics, you can identify what offerings work best for your clients and your bottom line.

With Benefit Analytics from WEX, you spend less time guessing what works (and what doesn’t) and more time optimizing your offerings.

Assess your operational efficiency to drive client satisfaction and retention.

Efficient operations = less wasted efforts (and $$$) on processes that frustrate your clients. 

Using our analytics, you can easily assess your operational efficiency and identify areas of improvement to drive client satisfaction and retention.

Amazing, right? And when you apply this information to boost efficiency, it’s a win-win for you and your clients.

Measure consumer engagement to maximize account growth.

With our analytics, you can view how often your employers’ participants are interacting with their account and how financially ready they are to pay for out-of-pocket expenses. 

Using this information, you can deploy tactics to help employees understand their benefits, engage with their account, and increase contributions. 

This helps prepare them for health care expenses AND drives revenue for your business. And when that’s the goal of everything you do, it’s amazing to have data like this at your fingertips.

Benchmark your performance to gain powerful insight about your market position.

Knowing how you compare to the marketplace is key to understanding how your business is performing. 

Using our analytics, you can easily see how your performance compares to the rest of the WEX ecosystem (which includes hundreds of thousands of employers and tens of millions of consumers). 

Using this information, you can make strategic decisions about how to boost performance or differentiate yourself from the market. 

For Employers

Track employee utilization to improve future benefit offerings.

Have you ever had an employer wonder how their employees were using their benefit? Or wanted to empower an employer to be able to check for themselves? Or you’re an employer yourself and you’re looking for a way to see the data for yourself?

With our analytics, employers can see how employees are using their accounts and how financially ready they are to pay for out-of-pocket healthcare expenses. 

This lets employers see what works (and what doesn’t) for their team, and when it’s time to renew, they can optimize their benefits package to fit the needs of their employees.

View how employees interact with their benefits to identify education gaps and promote utilization.

Using our analytics, employers can see how their employees are interacting with their accounts (and how often), how much they contribute, and where they are spending their benefits dollars. 

This helps employers identify what benefit design and education decisions are needed to help employees use and take advantage of their accounts.

Contact Us

Ready to make data-driven, strategic decisions about how to manage and grow benefit offerings with Benefit Analytics from WEX? Contact us today! 

Already a WEX partner? Contact your Partner Account Executive for more details about how you can start taking advantage of Benefit Analytics from WEX.

Share:

WEX Health

WEX Health


Related Posts

Topics