Health plans are increasingly competing on analytics, with limited time and resources calling for a focused approach.
Denver, CO (PRWEB) May 15, 2014
Wakely Consulting Group is offering a free webinar that will cover analytics related to Risk Adjustment, Reinsurance, and Risk Corridor programs (i.e. the 3Rs) of the Affordable Care Act (ACA).
The 3Rs present both challenges and opportunities for health plans. The challenges are due to the uncertainty involved in estimating risk adjustment transfers, the reinsurance receivables, and therefore the impact of the 3Rs on an organization’s bottom line. The opportunities lie in being able to use analytics effectively not only to estimate these quantities, but also to make informed decisions.
Syed Mehmud, Director and Senior Consulting Actuary at Wakely Consulting Group will be the presenter of this webinar. Syed will focus on Risk Score Optimization (RSO). Wakely RSO is a set of advanced analytic algorithms that are designed to uncover data gaps that lead to depleted risk scores and revenue that is lost to the competition. Syed will also cover analytic modeling to forecast reinsurance receivables based on partial year data, and he will describe a 3Rs reporting tool developed by Wakely. This reporting tool brings the 3Rs components together providing a holistic view of their impact, along with the capability of identifying important drivers of health plan profitability in the ACA environment.
The free webinar is scheduled for Thursday, June 5, 2-3 PM ET. You can register for the webinar by clicking here, or contact Syed at syedm(at)wakely(dot)com.
About Wakely Consulting Group
Wakely Consulting Group is a nationally-recognized health care financial and actuarial consulting firm serving nationwide health plans, insurance companies, government regulators, employers, healthcare providers and other stake-holders in health care, managed care and health care reform markets. Wakely Consulting Group assists clients with product pricing/premium development, feasibility studies, predictive modeling, actuarial certifications and filings, operational analysis, compliance, and other financial and management aspects of their business. Wakely Consulting Group is headquartered in Clearwater, FL, with additional offices in Denver, CO; Louisville, KY; Minneapolis, MN and Boston, MA.