Analyze unique data for intelligent insight
Milliman LARA™ leverages the industry-renowned expertise of Milliman consultants to uncover powerful insights about your LTCI population. It uses predictive analytics, LTCI claimant data, and proprietary datasets 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 focused solution for these interventions drives return on investment.
Pair relevant data 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 both their in-force and on-claim policyholders.
Rely on 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 evolution in managing LTCI risks, collaborating with our clients to protect the health and well-being of policyholders.
Milliman LARA features
Predictive models
Use predictive models trained on actual LTCI claimant data to estimate the likelihood of future claims, and the relative risk of those policies on-claim and yet-to-claim.
Robust supporting datasets
Reference prescription drug and medical history along with social determinants of health data to get the most complete picture of the current condition of each policyholder.
LTCI expertise
Leverage decades of Milliman partnership with LTCI insurers. We are excited to offer this new solution to fortify the market.
Simplified compliance
Trust Milliman’s work 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
Focus interventions toward your most at-risk members to help enhance quality of life, delay or prevent the need for facility care, and build better relationships with regulators and the public.
Gain comprehensive insight
Analyze risks for entire blocks of in-force and/or on-claim policies with advanced risk scores, allowing you to make informed, strategic decisions. Profile and stratify your on-claim and yet-to-claim populations to effectively manage risks.
Use the best data in the industry
Utilize the Milliman Long-Term Care Guidelines and our LARA industry dataset. Both sources represent industry-wide data from the top insurers, enriched with advanced subject-matter expertise.
Join a powerful partnership
Become part of our network. Milliman is working closely with insurers and care providers to expand the Milliman LARA dataset and bring together organizations that benefit from one another’s expertise.
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