Based in Tupelo, Mississippi, BancorpSouth Insurance has entered into an agreement with MedeAnalytics, a provider of healthcare performance management solutions, for its Medical Management Analytics solution.

MedeAnalytics said that the agreement which also includes pharmacy analytics and employer group reporting analytics, enables BancorpSouth Insurance to control costs for employee benefit clients.

Ginger Campbell, pharmacy benefit consultant for BancorpSouth Insurance, said: “BancorpSouth Insurance selected MedeAnalytics as a partner to utilize its web-based interactive reporting solution to enhance our client experience and improve employee benefit plan performance. The drill-down capabilities and overall solutions will help our employee benefit consultants better analyze and identify their clients’ medical and pharmacy expenses to improve both cost and quality.”

Mike Gallagher, CEO of MedeAnalytics, said: “We are delighted with the opportunity to partner with BancorpSouth Insurance, one of the largest insurance brokerages in the US. Our Medical Management Analytics solution provides payers and their brokers the ability to achieve clinical transparency, improve operations and reduce administrative costs.”

BancorpSouth is a an asset financial holding company which provides investment services through its subsidiary BancorpSouth Investment Services, and insurance services through its subsidiary BancorpSouth Insurance Services.