Artemis is an analytics platform that helps self-insured employers save money on healthcare by analyzing their health data, visualizing hotspots where they can save money, and allowing them to create and track cost saving initiatives to verify that they're getting results.
There are over 65,000 self insured employers in the U.S. and in 2012 they paid for 30% of the country's total health bill -- $620B. When they self insure, they assume the risk their insurance company used to be paid a premium for, but are not equipped to manage that risk. Today they have to use PDF or paper reports that they receive once a year from their plan administrators to make… · More decisions that drive their health care spend, one of their top 3 costs.
Artemis is a platform that gives them all the tools they need to identify areas of overspending, decide which solution will work best, and track the savings of that solution over time.