Milliman Offers Sophisticated Risk Adjustment Software to State Insurance Exchanges Free of Charge
SEATTLE, April 12, 2011 /PRNewswire/ — Milliman, Inc., a premier global consulting and actuarial firm, today announced that it will provide its risk adjustment software, Milliman Advanced Risk Adjusters (MARA), to states implementing a health insurance exchange.
MARA provides a library of risk adjustment tools. The software can work with varying data sources and has both concurrent and prospective models that will provide states with the kinds of insights necessary to effectively operate an exchange and make strategic and operational decisions using advanced predictive modeling.
“MARA is a full-fledged product that allows states to run simulations on the same day it is implemented,” said Diane Laurent, managing director for Milliman Advanced Risk Technologies. “States need an agile tool to create a new marketplace that incents quality and efficiency. While carriers continue to pay for this software, MARA is being offered free-of-charge to exchanges.”
MARA can be paired with consulting expertise from Milliman, which is a worldwide leader in the topic of risk adjustment. MARA can help states identify where risk is most likely to emerge and allow them to benchmark improvements and identify people who may benefit from assistance in effectively managing their health.
State leaders looking to acquire a free license to MARA can either contact their Milliman consultant or send us an email at email@example.com.
Milliman is among the world’s largest independent actuarial and consulting firms. Founded in Seattle in 1947 as Milliman & Robertson, the company currently has 54 offices in key locations worldwide. Milliman employs over 2,500 people. The firm has consulting practices in healthcare, employee benefits, property & casualty insurance, life insurance and financial services. Milliman serves the full spectrum of business, financial, government, union, education and nonprofit organizations. For further information, visit www.milliman.com.
SOURCE Milliman, Inc.