Higher education consulting
Global Higher Education Center of Excellence
Milliman offers a unique Center of Excellence in service to higher education. We provide a multidisciplinary “one firm” approach for our university, college, and university-system clients with no geographic or financial boundaries. This allows us to build teams with the most appropriate consulting resources to client engagements.
We bring university-savvy consulting resources to our higher education clients that have experience working with a diverse range of corporate clients and various types and sizes of universities, colleges, and university systems. Milliman brings deep, broad knowledge of a full range of industry sectors with special sensitivity to the unique challenges and needs of institutions of higher learning.
Milliman higher education consulting solutions
Health and group benefits
With deep and broad health and benefits strategy consulting experience across a wide range of higher education institutions and with expertise informed by continuous research in emerging benefit trends and state-of-the-art data analytics, we are uniquely situated to help you provide leading, cost-effective benefit programs to faculty and staff.
Retirement benefits
Milliman has extensive experience in all aspects of retirement consulting. Our actuaries are leaders in their fields, and our numerous monthly and yearly pension studies — including for both the private sector and public sector — are regularly cited by major news outlets. We help clients stay on track to meet their goals and business objectives in the face of shifting markets and regulations. Milliman has a demonstrated track record of the highest work quality and successful client relationships.
Compensation/Total rewards
In full employment conditions or in regions where higher education competes aggressively for talent, you need compensation and total rewards strategies designed to win the ever-evolving competition for talent. We are skilled in partnering with HR, university administration, faculty groups, board committees, and staff advisory councils to create successful compensation plans and systems that fit your institution’s needs — today and for the future.
Workforce planning and HR transformation
Human resources at universities, colleges, and university systems are now more critical than ever to the successful functioning of their institutions. At the same time, they face a diverse number of pressures — and opportunities — to manage costs, improve service delivery, strengthen risk management, and build faculty and staff engagement. Our higher education workforce planning and HR transformation consultants recognize and meet this critical set of needs with holistic, people-sensitive, and rigorously metric-based approaches. We take an agile approach to help our clients optimize costs, manage risks, and create workforce plans that enable sustainable value creation.
Student health
Colleges and universities want to keep their students healthy and enrolled. Milliman understands the critical student health challenges higher education institutions face: affordability, quality, compliance, and population health. We can help you transform these challenges into opportunities that will improve student health and student retention, and improve your institution’s insurance offering.
Communications
From the introduction of new programs to complex Summary Plan Documents to large-scale, complex change management, our communications team can help you connect with faculty, staff, administration, and alumni. We bring decades of relevant experience to any higher education communications challenge. We customize our solutions to your needs from “over the shoulder” review to complete ownership of a major communication effort.
Customized benefits administration
Milliman’s “MyBenefitChoice” platform offers state-of-the-art, customizable benefit administration services. This unique total benefits administration solution is different from our competitors. Able to be designed to meet every client’s specific needs, each service model is grounded in a deep understanding of the benefits administration challenges your college or university faces with the objective of providing flexible solutions and options; your institution will not be “pigeonholed” in to a pre-determined model or platform unresponsive to your specific needs.
Navigating a global pandemic
How will the coronavirus transform healthcare, retirement, and insurance?
Milliman higher education consulting insight
Milliman products supporting higher education institutions
MedInsight
Adopt the healthcare industry’s leading platform for data warehousing and healthcare analytics.
CORAL
Estimate actuarial equivalent relative values for health plans based on variables such as copays, deductibles, and coinsurance.
Milliman Health Trend Guidelines
Get accurate monthly information on healthcare expenditures and utilization for individuals enrolled in U.S. commercial insurance plans.
Milliman Online Total Rewards (OTTER)
OTTER allows employers to communicate employees’ personalized benefits and pay information all in one place.
Compare Your Plans enrollment tool for employees
Empower employees to choose the right medical plan for their needs with data-based premium and cost estimates.
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