Low Trend Equals Big Savings
Compared to industry benchmarks, Luminare Health's 3-year average trend of just 5.1% means significant savings for our clients.
But just how significant are the savings? When compared to an industry benchmark trend of 7.0%, over a 3-year period, Luminare Health’s 5.1% trend brings almost $600K in savings, based on $5M spend.
National Trend: What's on the Horizon?
Just how low is our trend? When you compare our 3.1% to the projected 2024 national medical trend of 8.5%, it's clear that the savings with Luminare Health are staggering.
While national medical trend is on the rise, increased from the 7.7% projection in 20231, our flexibility and commitment to delivering meaningful savings remains steady.
While national medical trend is on the rise, increased from the 7.7% projection in 20231, our flexibility and commitment to delivering meaningful savings remains steady.
How We Deliver Value
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 solidly below the industry benchmark.
Want to know how we do it? Connect with us through the form below.
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 tenured claims experts capture waste and abuse across some of the following categories:
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 tenured claims experts 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 12% claims processing savings, even before network discounts.
Connect with your Luminare Health sales executive or client manager to learn more about our medical trend.
1 3 year average, PWC medical cost trend
2 Medical Cost Trend: Behind the Numbers 2025” publication. Benchmarks and Our Medical Trend are not calculated on the same basis.
* Factor adjusted PEPM to account for changes in demographic and geographic distribution; excludes clients with Reference Based Pricing
2 Medical Cost Trend: Behind the Numbers 2025” publication. Benchmarks and Our Medical Trend are not calculated on the same basis.
* Factor adjusted PEPM to account for changes in demographic and geographic distribution; excludes clients with Reference Based Pricing