Anonymous Employee Insurance Plan Benchmarking System
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Solution Overview
Problem
Employers lack the ability to compare their employee insurance plans to industry benchmarks without disclosing confidential information, as existing web-based services do not allow for anonymous peer group comparisons.
Innovation Solution
A method and system for comparing employee insurance plans within a peer group by receiving user data, computing a benchmark based on attributes from similar organizations, and generating anonymous comparison reports, using a web interface and database system that processes and transforms data for mathematical comparisons.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If employers use existing web-based services to compare insurance plans, then they can access plan information from multiple vendors, but they cannot compare their plans to peer group benchmarks without disclosing confidential information
Solution Approach 1:
The patent introduces an intermediary system that acts as a mediator between employers and peer group data. The system allows employers to input their insurance plan details and receive comparative benchmarking information without directly exposing their confidential data to other organizations. The intermediary processes and anonymizes the data, providing aggregate peer group comparisons while maintaining individual organization confidentiality.
2Measurement precision
If organizations within the peer group disclose their employee insurance plans, then accurate benchmarking can be performed, but confidentiality agreements prevent such disclosure
Solution Approach 1:
The patent employs copying by creating anonymized representations of insurance plan data. Instead of requiring organizations to share their actual confidential plans, the system creates standardized data copies that contain the necessary attributes for benchmarking comparison. These copied data structures allow for accurate peer group analysis while preserving the confidentiality of the original organizational data.
3Adaptability or versatility
If a web-based system collects detailed insurance plan data from multiple organizations, then comprehensive benchmarking is possible, but the complexity of data processing and confidentiality management increases
Solution Approach 1:
The patent applies parameter changes by transforming detailed, varied insurance plan data into standardized parameters suitable for comparison. The system changes the form of the data from organization-specific detailed plans to standardized benchmarking parameters that can be universally compared across peer groups. This parameter transformation simplifies the data processing complexity while maintaining comprehensive benchmarking capabilities.
Data Source
AI summary
The present invention is directed towards methods and systems for a benchmark based comparison of an employee insurance plan of an organization to employee insurance plans from other organizations in a peer group. The present invention enables a user to enter details about an employee insurance plan of a first organization and allows the user to compare the insurance plan to a benchmark computed from data collected from a plurality of organizations in a peer group of the first organization. The comparison report does not identify the organizations from which data is collected.