Abett provides a centralized hub that aggregates and unifies employee benefits data from various sources, enabling employers to access clear insights and streamline decision-making. This approach addresses the challenge of fragmented data management, allowing organizations to optimize healthcare expenditure and enhance benefits strategy.
Funding
$27M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1Founders
Product
Problem
Employers struggle to efficiently manage and analyze employee benefits data due to fragmented sources and incompatible formats. This lack of unified data hinders informed decision-making and optimization of healthcare expenditure. Existing data warehouse solutions often fail to adequately address the complexities of benefits data aggregation and management.
Solution
Abett's Lockbox provides a centralized hub that aggregates, translates, and unifies employee benefits data from disparate sources into a single, secure platform. This unified view enables employers to access clear insights, streamline data management, and optimize their benefits strategy. By removing obstacles to data sharing and providing centralized control, Lockbox empowers organizations to make data-driven decisions, improve employee benefits programs, and hold vendors accountable. The platform simplifies complex implementations, ensures secure access across the data ecosystem, and facilitates easy-to-understand data visualizations.
Target Audience
Abett primarily serves enterprise employers, digital health solutions providers, and healthcare systems seeking to improve their benefits data management and optimize healthcare expenditure.
Features
- Centralized data hub for aggregating employee benefits data from various sources
- Data translation and unification to ensure compatibility across different formats
- Secure data storage and access controls to protect sensitive information
- Customizable analyses and predictive modeling to identify trends and opportunities
- Real-time reporting and dashboards for monitoring key performance indicators
- Integration with existing HR and benefits systems
- Health Economics & Operations Research team to provide customized analyses
- Support for managerial accounting, clinical trial data integration, and population health management