The Value of Health Benefits

Better Trend, More Savings

During our 2023 Broker Summit, we talked about what "medical trend" actually means and why Trustmark's 1.3% three-year medical trend is leading the industry.
 

Watch Joanne McGowan, VP Customer Experience & Strategy Execution, Tracy Onorofky, Regional Sales Director, and Mehul Jain, Regional Sales Director, talk about how Trustmark brings our clients significant savings.


Want to dig even deeper into Health Benefits' industry-leading trend? Fill out the form below to hear more secrets from Joanne McGowan, Tracy Onorofsky, and Mehul Jain.

Trustmark's Recipe for Low Trend

Our expert claim analysts review high-cost claims to capture billing errors, waste and abuse, and to negotiate savings opportunities. The result is medical trend that is deliciously below the industry benchmark.
 

Want to know our secret ingredients? Download our Trend Recipe.

 

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Media for Trustmark's Recipe for Low Trend

Industry-leading Low Trend

Compared to industry benchmarks of between 6.5%**, our 3-year average trend of just 1.3%* means significant savings for our clients.

But just how significant are the savings? When compared to an industry benchmark trend of 6.5%, over a 3-year period, Trustmark's 1.3% trend brings potential savings of almost $1.6 million on a $5 million spend. 
A bar graph showing Trustmark's 2.6% trend compared to three other benchmarks of 4.2%, 6.2%, and 4.0%

Additional Savings from Claims Processing

As a key part of our cost containment strategy, our expert claim analysts review high-cost claims to capture billing errors, waste and abuse, and to negotiate savings opportunities.

Where it makes sense to automate, we do. But we don’t believe all claims, especially high-dollar ones-should be set on autopilot. Our decades of industry experience have found that our 65% auto adjudication rate allows our tenured claims experts to capture waste and abuse across some of the following categories:
  • Subrogation review
  • Hospital auditing
  • Eligibility audits
  • Specialty drug management
  • Prior authorization
  • And more

In total, this expert claims-review brings an additional 15% claims processing savings, even before network discounts.

Icons representing individual aspects of costs arrange in a half circle as spokes around an icon representing savings

Connect with your Trustmark sales executive or client manager to learn more.

And fill out the form below to access even more information about our industry-leading trend.