Plan sponsors must document their processes in order to demonstrate that they have met their Fiduciary responsibilities.

Implement a process to fully document their procurement process for medical and Rx
Demonstrate a decision-making process based on the plan’s actual data and perform required regulatory reporting and analysis
Benchmark their plan against industry accepted standards and RFP practices

Innovu provides advisors and their plan sponsor clients with the necessary toolkit to meet their obligations as a Fiduciary.

Innovation in every process.

VAULT

Solidify your procurement process and secure your documentation:

Organize, timestamp and store the documentation needed to run a fiduciary process

ANALYSIS & REPORTING

Innovu dissects and analyzes your medical and Rx data so you can:

Substantiate your procurement decisions
Provide substantial savings opportunities
Improve your population health

BENCHMARKING

Innovu provides the benchmarking tools necessary to meet Fiduciary procurement obligations:

Plan design benchmarking
Pharma benchmarking
Site of care benchmarking

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We integrate data across your health benefits, workers' compensation and retirement programs, then analyze it for actionable opportunities along three dimensions:

Data Quality

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Business Metrics, Plan Design, and Legal Compliance

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Clinical Measures

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Actionable Insight

innovu’s database has access to more than 88 million unique lives, allowing you to compare your performance against others nationally, regionally, or within your specific industry. Our exclusive SmartCohort gives you an apples-to-apples comparison of how you should be performing.

You can also engage with your advisors and the innovu client services team within our secure platform to keep your data secure.

case study

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We Identify Savings Opportunities In Your Population

IntelligentAnalysis prioritizes issues so you know where to focus. See trends impacting your program costs,identify gaps in care, detect fraud and abuse, and much more with hundreds of configurable alerts.

INTELLIGENT ANALYSIS

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COMPARE YOUR PERFORMANCE

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DATA QUALITY

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Consolidated Appropriations Act Toolkit

Plan sponsors must document their processes in order to demonstrate that they have met their Fiduciary responsibilities.

VAULT

ANALYSIS & REPORTING