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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
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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
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Data-driven insight. Deep expertise. Transformative innovation. Since 1947, Milliman has delivered intelligent solutions to improve health and financial security.
Understanding healthcare costs: Medicare Advantage
Insurers often offer group coverages to employer groups that typically request customized benefit packages. Milliman provides underwriting assistance consistent with your CMS bid submission in order to facilitate the rate-development process.
Milliman works with clients to assess the economic costs, required operational changes, and benefits of implementing, sustaining, or expanding a variety of Medicare products. Possibilities include expansion into Medicare products, adding more products, and geographic expansion. We summarize costs and revenues over both the pre-operational period and the first years of operation in order to quantify the necessary investment.
Milliman's payment validation service compares a client's individual membership files to CMS's various membership reports and identifies discrepancies between actual and expected payments, verifying that CMS is adhering to its own payment formulas.
Milliman consultants perform analyses to explain recent risk score changes, project future risk scores, and assist with risk score improvement efforts. One of our approaches uses prescription drug data to identify diagnoses not already included in the submissions to CMS.
Milliman concisely summarizes the benefits and premium levels of all Medicare Advantage (MA) products in a given county to allow you to strategically analyze your relative market position and make more intelligent product adjustments. The output is a simple value index measuring the member's value proposition.
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