The Helper Bees is excited to announce a new alliance with Milliman’s Long-Term Care Advanced Risk Analytics (LARA) as a strategic collaborator. By combining our Care Concierge program and services with the predictive analytics and data capabilities of Milliman’s LARA models, The Helper Bees and Milliman offer an innovative long-term care solution for both payers and care recipients.
Milliman is among the world’s largest providers of actuarial and related products and services, including industry leading tools, data, and services to support management of long-term care insurance (LTCI) risk. Today, Milliman is helping organizations take on some of the most critical and complex issues, including a looming retirement crisis, an evolving healthcare landscape, the effects of climate change and a global pandemic, and an insurance industry burdened by low interest rates and daunting reporting requirements.
It is not uncommon for an LTCI carrier to struggle with accessing information and insights about an active policyholder population; primarily because of the time between the purchase of a policy and when a claim is filed. As a result, the lack of information can create a financial strain on the payer.
Our collaboration with Milliman allows LTCI carriers and Medicare Advantage Organizations to offer a comprehensive wellness program for high-risk policyholders. Milliman’s LARA is a powerful predictive modeling solution that uncovers important insights about an LTCI population, while The Helper Bees converts actionable information produced by the models into policyholder engagement. The Helper Bees’ Care Concierge program deploys educational resources, expert aging-in-place guidance, and right-sized interventions to drive better health outcomes, reduce claims costs, and improve the patient’s quality of life.
Beyond the Care Concierge program, The Helper Bees has several data-backed products and services that can be used based on the insights revealed through Milliman’s LARA models.
The Helper Bees’ products leverage the data provided by a carrier’s internal data team or a third party of their choosing such as Milliman.