Actuarial Valuation Solution
Generally, actuarial departments run into time and resource constraints when it comes to adequately assessing and implementing necessary changes. Out-of-the-box solutions are often created to cater to the needs of larger health plans on a much broader scope.
As a result, the solution can’t readily be customized to suit the unique needs of your health plan. These out-of-the-box solutions tend not to come with standard visual reporting as part of the package.
A solution that offers the flexibility to customize models according to your specific needs, and reduces the amount of manual intervention required, cutting down on the amount of time actuarial staff spends developing data and running queries, is needed.