Navigate today’s most pressing health industry challenges with a leading global expert by your side.
ACO utilization & cost evaluation
Healthcare cost modeling
Insurance risk assessment
Medicare plan selection solution
Healthcare risk adjustment
Pharmaceutical claims analytics
Meet growing needs for innovative insurance solutions while increasing operational health and improving compliance.
Property & casualty advisory services
Modern flood insurance program
Investment, advisory & trading services
Financial modeling & industrialization
Geographic rating insights
Premium comparison platform
Retirement & Benefits
Deliver on the promises of the past and create smart solutions for the future.
Pension administration & communication
Retirement benefits administration platform
Compensations & benefits
Benefit plan evaluation
Health & welfare benefits administration platform
Manage complex risks using data-driven insights, advanced approaches, and deep industry experience.
Auto policy underwriting
Software performance enhancement
Mortgage platform for investments & reinsurance
Solvency II reporting & compliance
This is a place where your ideas and insights make an impact. Where an independent, entrepreneurial spirit is an advantage. And where diversity of thought and experience makes us who we are.
Data-driven insight. Deep expertise. Transformative innovation. Since 1947, Milliman has delivered intelligent solutions to improve health and financial security.
Benchmarking reports are only useful when the results are actionable and relevant to the business’ goals. Milliman consultants bring the insight to connect your business goals and challenges to metrics and make comparisons that count. Our consultants use these studies to identify areas of strength and weakness, which help to uncover gaps in performance. Milliman benchmarking reports provide practical advice for setting targets for improvement.
Depending on the business needs, Milliman can examine your overall experience or a particular subset, such as line of business, group, or diagnosis. Choosing which results or processes should be benchmarked—or can be benchmarked—is critical, and depends on the mature insight we bring to the project. For example, we can tell you whether it makes sense for your organization to compare itself to commercial utilization, case management controls, or provider contracts benchmarks.
Employer groups and carriers continue to face healthcare trends that exceed inflation. Milliman consultants, supported by our data and proprietary tools, are uniquely positioned to assist both employer groups and carriers to understand which services offer the most opportunity to reduce cost without reducing benefits.
A midsized carrier did not want to reduce benefit offerings but was concerned with recent healthcare trends. We were able to produce benchmarks applicable to the benefit design, demographics, and area for the carrier to compare to its experience. Our benchmarks applied to both utilization and charge. As a result, the carrier was able to identify services for which it was overpaying in relationship to the current environment. When the contracts for these services came up for renewal, the carrier negotiated more competitive rates. Additionally, our analysis allowed the carrier’s medical management department to identify the services where the largest opportunity for savings existed.
Ask the tough questions. We’re ready for them.