Intelligent analytics based on unique data
Milliman LARA leverages the industry-renowned expertise of Milliman consultants to uncover powerful insights about your LTCI population. It uses predictive analytics, LTCI claims data, and proprietary data sets to identify your high-risk policyholders before they reach severe stages of LTC needs. Early intervention empowers you to drive better health outcomes - improving a policyholder’s quality of life by helping them age in place. Using a targeted solution to these interventions drives ROI.
Relevant data paired with industry-leading models
Milliman LTCI consultants develop predictive models using actual historical LTCI claims, appended with powerful third-party and other proprietary data. This approach provides a new layer of intelligence and insight for insurers to understand the current health, risks, and needs of their in-force policyholders.
A century of accumulated LTCI expertise
Milliman LTCI consultants from around the US have spent a combined 100+ years leading the LTCI industry in creating solutions and managing risks. We are proud to be on the forefront of the next revolution in managing LTCI risks, collaborating with our clients to protect the health and well-being of policyholders.
Milliman LARA features
Training with LTCI claims
We train predictive models using actual LTCI claims data to quantify future claim risks.
Unique supporting datasets
We reference prescription drug history and medical, social, and economic data to get the fullest picture of the current condition of each policyholder.
LTCI expertise you know
Through decades of partnership, Milliman has built trusted relationships with LTCI insurers that we’ve built with decades of partnerships. We are happy to bring a new solution to fortify this market.
Simplified compliance
Milliman works with insurers and legal teams to provide data insights in compliance with state and federal laws and regulations, including HIPAA.
Milliman LARA benefits
Improve outcomes
With the ability to target interventions to your most at-risk members, you can help enhance quality of life, delay the need for LTC, and build better relationships with regulators and the public.
Gain comprehensive insight
Receive risk analysis on your entire in-force block of policies with advanced risk scores so you can make informed, strategic decisions.
Benefit from the best data in the industry
We created the Milliman Long Term Care Guidelines, the industry’s trusted source based on more than $50 billion worth of claims, enriched with advanced subject-matter expertise. You benefit from this rich source of insights with Milliman LARA.
Join a powerful partnership
Milliman is working closely with insurers and care providers to expand the Milliman LARA dataset and bring together organizations who can benefit from one another’s expertise. Get in touch to learn more about how you can become part of our network.
Products related to Milliman LARA
Milliman Advanced Risk Adjusters
Manage Medicare, Medicaid, and commercial risk adjustment with our award-winning suite of tools and data.
HealthIO
Using the power of IoT, longitudinal health data, micro-social networks, and AI to create personalized insights that enable early detection and prediction of adverse health events and chronic conditions