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Latest Milliman Stories

2010-08-09 06:00:00

SCHAUMBURG, Ill., Aug. 9 /PRNewswire/ -- Findings from a new study released today estimate that measurable medical errors cost the U.S. economy $19.5 billion in 2008. Commissioned by the Society of Actuaries (SOA) and completed by consultants with Milliman, Inc., the report used claims data to provide an actuarially sound measurement of costs for avoidable medical injuries. Of the approximately $80 billion in costs associated with medical injuries, around 25 percent were the result of...

2010-08-02 07:00:00

SEATTLE, Aug. 2 /PRNewswire/ -- Preliminary results from Milliman's 2010 Group Health Insurance Survey indicate premium rate increases continue to exceed the government's official rate of inflation and are higher than premium increases in recent years. The estimated January 2011 renewal increases are about 9.0% for health maintenance organizations (HMOs) and 11.0% for preferred provider organizations (PPOs). This marks the seventeenth time that Milliman has conducted the survey, the...

2010-07-15 07:00:00

SEATTLE, July 15 /PRNewswire/ -- DCS, a Recovery Audit Contractor (RAC) for the Centers for Medicare & Medicaid Services (CMS), has signed a five-year license agreement with Milliman Care Guidelines. DCS, A Performant Company, will use the Milliman Care Guidelines® content and software to review Medicare claims in 12 Northeastern and Mid-Atlantic states and districts -- Maine, Vermont, New Hampshire, Massachusetts, Connecticut, Rhode Island, New York, Pennsylvania,...

2010-07-14 06:07:00

SEATTLE, July 14 /PRNewswire/ -- Milliman, Inc., the international firm of consultants and actuaries, today announced a major new release of its MG-ALFA financial projection software. Significant enhancements to MG-ALFA 7.0 include: A new user interface incorporating Microsoft's newest tools for providing a rich and efficient user experience Expanded data model that delivers unlimited model flexibility New security model integrated with Windows® Active Directory Direct...

2010-06-10 11:42:00

SEATTLE, June 10 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans. In May, defined benefit pension plans experienced asset decreases of $41 billion and liability increases of $14 billion, resulting in a $55 billion deterioration in funding status. "We haven't seen a month like this in a while," said John...

2010-06-09 13:26:00

SEATTLE, June 9 /PRNewswire/ -- Disease management (DM) effectiveness can be significantly improved by targeting the patients who are likely to participate and are likely to produce meaningful savings. Predictive modeling can help predict both types of patients, according to a new white paper from Milliman expert Ksenia Draaghtel. The biggest obstacle in DM acceptance has been the difficulty in measuring or even identifying the cost savings associated with the implementation of such...

2010-06-09 07:00:00

SEATTLE, June 9 /PRNewswire/ -- ZeOmega's Jiva care management software has been fully integrated with Milliman Care Guidelines' CareWebQI® interactive software. To attain the Milliman Care Guidelines Integration Certification, ZeOmega -- a leading provider of web-enabled, rules-based workflow software for integrated care management -- had to demonstrate seamless Jiva workflow and enhanced usability with Milliman Care Guidelines® clinical guidelines...

2010-05-20 07:00:00

SEATTLE, May 20 /PRNewswire/ -- Healthcare payors can now use Milliman's CareWebQI® interactive software tools within The TriZetto Group's CareAdvance Enterprise® 4.6 application. A newly developed interface embeds guideline-based decision-making in the CareAdvance(TM) application workflow. The interface goes beyond a simple integration of the evidence-based Milliman Care Guidelines® clinical content to seamlessly incorporate...

2010-05-11 11:23:00

SEATTLE, May 11 /PRNewswire/ -- Milliman, Inc., one of the premier global consulting and actuarial firms, announced today that average total medical spending for its "typical American family of four" reached $18,074, an increase of $1,303 over last year. The total-dollar increase is the highest in the history of this study. The Milliman Medical Index (MMI) tracks the changes in average yearly healthcare costs when the family of four is covered by an employer-sponsored preferred provider...

2010-05-11 10:30:00

CHICAGO, May 11 /PRNewswire/ -- Morrisey Associates has integrated Milliman Care Guidelines' CareWebQI® Version 2.0 software with its Morrisey Concurrent Care Manager(TM) (MCCM(TM)) software. CareWebQI is interactive point-and-click software that provides access to the Milliman Care Guidelines®. It allows healthcare organizations to capture and report on real-time clinical data, measure healthcare performance against national quality standards, track...


Word of the Day
tesla
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.