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August 11, 2014

IBC updates trend report with additional claims detail IBC is pleased to announce that we have updated the trend report that we make available to your fully insured customers with 100 or more enrolled contracts within a specific line of business (for example, HMO, POS, or PPO). The updated trend report is available on ROAM and our employer portal beginning August 11, 2014. It will help you and your customers better understand claim costs throughout the year and as your customers prepare for renewal. Updates help improve the renewal process In addition to the same valuable utilization data currently available, the trend report will now include your customer's enrollment information along with a complete picture of claims during a selected experience period. With these enhancements, renewal calculations will match the trend report if the same criteria, such as experience period and product (HMO, PPO, etc.), are selected when you or a customer run the report. This updated report provides a more effective, consistent way to present a customer's claim costs and helps improve the renewal process through: Better representation of total claim costs Improved coordination and insight into our pricing development Quicker turnaround for customers requesting alternate plan options It also allows for closer alignment between enrollment and claims, with additional insight into enrollment trends. With a more complete picture of their projected premium earlier in the process, customers will be better prepared to make the most informed renewal decisions. Closer alignment between reporting and pricing development Information on incurred and paid claims is now automatically available on the updated report. Choosing paid dates is no longer required. You can simply select the incurred date range. By more closely aligning utilization reporting and pricing development, we are making it easier for you to support your customers during their renewal process.