Product Overview
Today’s healthcare system is transitioning from a traditional fee-for-service model to a value-based revenue model. A comprehensive management strategy for the new revenue model requires an entity to be part risk manager, clinical manager, financial manager, and resource/operations manager. Milliman PRM Analytics was specifically developed to support the various roles inherent to value-based revenue. Milliman PRM Analytics provides insight into actuarial risk and clinical opportunity. PRM connects the clinical characteristics of the patient with the estimated actuarial value that may be derived from the management of that patient. This allows for an entity to strategically select and manage patients for the best opportunity to reduce risk.
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