Many are searching for ways to understand the financial impact of COVID-19 on their business. The minds behind MJ’s APERTURE, have developed a tool to help provide some answers.
Using APERTURE, our proprietary analytics tool, we can measure and project the potential implications on healthcare costs based on daily updated pandemic information from the COVID-19 Data Repository published by Johns Hopkins. The results are customized to your company using member demographics, such as age, gender and existing risk factors, your specific locations and projected 2020 healthcare spend.
Specific to your organization, the COVID-19 Claims Impact Model will then forecast the projected number of positive and negative virus test results, hospitalizations and fatalities. We then take into account the deferral and elimination of medical treatment and the subsequent pent up demand that should occur as we open back up. We can then provide adjusted 2020 costs factoring in the realities of COVID-19.
We’re still learning more about this novel virus. Because national estimates for the cost of care vary from $56 to $556 billion over the next two years, it’s important to stay engaged and aware as testing and treatment options evolve.
Ready to discover more? Just fill out the interest form here and a member of our analytics team will follow up with more information.
