Rate setting/benchmark calculation


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Benchmarking reports are only useful when the results are actionable and relevant to the business’ goals. Milliman consultants bring the insight to connect your business goals and challenges to metrics and make comparisons that count. Our consultants use these studies to identify areas of strength and weakness, which help to uncover gaps in performance and provide practical advice for setting targets for improvement.

Getting specific about comparisons

Depending on the business needs, Milliman can examine your overall experience or a particular subset, such as line of business, payer or patient type. Choosing which results or processes should be benchmarked—or can be benchmarked—is critical, and depends on the mature insight we bring to the project. In addition to Milliman’s standard benchmarks our large repository of data can be used to develop custom benchmarks which may be applicable to non-standard patient subpopulations.

Next steps