UK Health Risk Analyser

Stay Ahead of Rising Healthcare Costs with Predictive Insights

Healthcare costs are rising, and employers face increasing challenges in managing high-cost claims and ensuring the wellbeing of their workforce. For every £1 you spend on your people, how do you get the greatest return? It’s about using data and analytics to get the answer. Aon’s Health Risk Analyser is a cutting-edge predictive analytics tool that helps organisations anticipate and mitigate healthcare risks, optimise budgeting, and improve employee health outcomes.

Why is This Important?

HR leaders are under increasing pressure to control healthcare costs while maintaining attractive employee benefits. The landscape is shifting, and traditional cost-containment strategies are no longer enough.

• Escalating Costs: In 2024 the average company funded private medical insurance premium increased by 32%.
• Growing Claims: Challenges to healthcare access have led to a 50% rise in claims.
• High-Cost Conditions: Cancer costs can reach £300k-£400k per claimant, with advanced therapies pushing costs to £500k-£1M.
• Mental Health Concerns: Mental health incidence rates have increased by 21%, with severity rising by 13.2%.

Employers who fail to proactively manage their people risk face unpredictable budget spikes and challenges in securing sustainable healthcare benefits for their workforce. Aon’s Health Risk Analyser helps HR buyers make smarter, data-driven decisions to manage costs and protect employee wellbeing.

Unlock Data-Driven Healthcare Management

Health Risk Analyser uses AI-driven insights and deep-dive analytics to provide a holistic view of future claims risk, empowering organisations to make smarter decisions and manage their healthcare strategies with confidence.

Key Benefits:

1. Early risk identification — Address high-cost claims before they escalate.
2. Strategic budgeting — Improve forecasting and financial planning.
3. Data-driven decision making — Optimise your benefit spend based on real insights.
4. Employee wellbeing — Ensure a healthier more engaged and productive workforce.

How Aon Can Help

Our healthcare experts will work with you and your team to identify and fill gaps in your care management network based on the condition and risk profile of your highest-cost members. Additionally, in collaboration with your vendors, Health Risk Analyser facilitates a more strategic approach to member outreach. Your organisation will better understand member risk and inherent volatility in claim spend, while developing proactive strategies to manage volatility over the short and long term.

Predictive modelling — Historical claims data is used by our data scientists to predict high-cost claim risk, by stratifying members into risk segments based on their claims history and demographics using machine learning.

Risk optimisation — Understanding future risk enables smart budgeting, allowing employers to better prepare for predicted claim volatility as well as make the best decisions on how to manage and budget for the at-risk population.

Ongoing monitoring — When integrated with a direct data feed, Health Risk Analyser can provide ongoing monitoring and predictive-modelling updates to continually identify at-risk members and provide updated cost impacts.

With Health Risk Analyser, you gain a valuable tool to confidently navigate the complexities of managing high-cost claimants. By gaining a deeper understanding of your future claims risk and population, you are empowered to make informed decisions. This knowledge supports meticulous risk planning, effective healthcare expense budgeting, and efficient claims management, paving the way for a more secure and sustainable future.

Source: Aon Insight Data 2024

Aon UK Limited is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales. Registered number: 00210725. Registered Office: The Aon Centre, The Leadenhall Building, 122 Leadenhall Street, London EC3V 4AN.