LONDON, September 8, 2011 /PRNewswire/ --
- Pairing brings best-of-breed risk adjustment to Clinical Commissioning Groups
Milliman, Inc., a premier global consulting and actuarial firm, today announced that its risk adjustment product, Milliman Advanced Risk Adjusters (MARA), will be embedded in the analytic product offered by GPC Solutions Limited (GPC), which serves Clinical Commissioning Groups.
"In order for primary and secondary care organisations to effectively manage care, they will need to be able to make decisions based on illness risk," says Simon Moody, consulting actuary in Milliman's London health practice. "A high-performance risk adjustment tool will better inform clinical and financial decisions as GPs look to better manage illness burden and care coordination."
MARA is characterised by a rich system of more than 1,100 clinical classifications. The ability to perform individual risk projections allows a clearer picture of where resource is likely to be consumed. The underlying science was developed by Milliman health actuaries who, in conjunction with GPC, can also provide expert advice on the application of this tool within the wider risk management framework.
"We are excited to add MARA to our product offering," says Huw Morgan, Technical Director at GPC. "Risk tools such as MARA are vital for commissioners and providers to better understand their patients' needs. Long Term Condition intervention, reduction in readmissions, and resource management are all areas where our customers tell us they need better information. We chose MARA because it is a proven product, flexible enough to be provided as a service to our customers, or easily embedded in existing solutions and infrastructure."
For more on the role of risk adjustment in Clinical Commissioning Groups, view the article "The Road Ahead for Healthcare in England," available at http://bit.ly/rgHFgO.
Milliman is among the world's largest independent actuarial and consulting firms. Founded in 1947 as Milliman & Robertson, the company currently has 53 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 organisations. For further information, visit http://uk.milliman.com.
About Milliman Advanced Risk Adjusters
Milliman Advanced Risk Adjusters (MARA) is a suite of risk adjustment tools for population analysis that is perfectly suited for intervention management, stratifying risks, outcome measurement, budgeting, pricing, payment, and many other predictive modelling applications for the health care industry.
About GPC Solutions
GPC provides new and innovative products with a particular focus on Commissioning activities. Our solutions and services support commissioners and providers with emphasis on data and information management, risk and predictive modelling, patient logistics and clinical policy adherence to promote clinical effectiveness and efficiency. GPC have experience across global health economies allowing us to introduce new technologies and methods to the NHS. For further information, visit http://www.gpcsl.co.uk.
SOURCE Milliman, Inc.