Best in Class Consulting:
Group Health Plan Consulting & Actuarial Support Services
Learn about Advanced Benefit Design Institute, a leading healthcare actuarial consulting firm specializing in product pricing, cost containment, model building, data analysis, underwriting, strategic planning and business strategy.
(partnering opportunity for Group Health Brokerages, Benefit Consulting Firms, TPA’s, and Benefit Professionals)
Cincinnati based Advanced Benefit Design Institute (ABDI) provides realistic and creative solutions to help employers with reducing healthcare need, consumption and cost. Rate making, risk analysis, retiree healthcare, stop loss placement support, experience analysis, budget development, feasibility studies and PBM analysis all fall under our areas of expertise.
ABDI is very good at building stochastic models of risk. We employ these stochastic models when examining the feasibility and advisability of different risk pooling and business strategies. These models help our clients understand the risks they are assuming and make reinsurance decisions in a more logical/business-like framework; understanding the tradeoffs between risk and premium.
Johns Hopkins ACG System have developed the predictive modeling which accounts for differences in morbidity profiles or case-mix, forecasting healthcare utilization and helps to establish more equitable payment rates. The more healthcare data you have, the better your predictive analytics work.
Coverage encourages people to consume more health care, and makes containing costs harder. However, achieving disease treatment compliance lowers higher health care cost long term . We model detailed claims curves for rate making.
ABDI’s consulting provides expertise in a range of healthcare benefit fields including healthcare cost containment, benefit administrative software, engagement strategies and group health benefits.
Our focus is to educate customers about best in class solutions and services that can positively impact your benefit business process. ABDI completes due diligence and builds strategic engaging relationships in order to provide innovative technologies and cost containment services to its customers.
ABDI technology partners provide “State of Art” solutions and services necessary to successfully decrease healthcare consumption, build more efficient processes, and create competitive advantages. As our tech partners continue to cultivate leading solutions; we strive to educate employers about these innovative options.