Health Cost IQ (HCIQ) exists to help self-insured entities (employers, PEOs, captives, educational consortiums, and more) save money within their health plans. Based on data collected and analyzed by HCIQ, up to 50% of private employer health costs can be categorized as wasteful or inefficient. HCIQ enables its customers to mine their health plan data and uncover issues such as costly inefficiencies, waste, fraud, and abuse. Leveraging its proprietary SaaS platform, HCIQ can identify problematic utilization patterns and risk trends, forecast future healthcare costs, predict potentially high-use, high-cost members, and identify medical claims payment irregularities and pharmacy utilization inefficiencies. Armed with these insights, customers are empowered to make strategic changes in their health plan spending and realize significant savings. Customers reclaim an average of 20-30% annually, resulting in hundreds of thousands of dollars for midsize entities to tens of millions of dollars for larger enterprises, in reduced health plan spend. HICQ's solutions are geared toward organizations in the following health sectors: * Professional Employer Organizations (PEOs) * Medical Management Companies * Self-insured Employers * Providers * Brokers * Payers