Milliman is one of world’s largest companies that provide actuarial products and services. They serve a wide range of markets including business, financial, government, union, education, and nonprofit organizations. In addition to their consulting actuaries, Milliman’s body of professionals consists of numerous clinicians, economists, and other specialists.
Milliman needed another original software tool to separate themselves even further from their competition. Understanding the intricacies of the health care system and health care reform is complex. That is why we built HERO. HERO helps smaller companies pool their data into a group, which enables them to receive the same benefits as larger organizations.
We assisted Milliman in taking the concept of HERO from its seed to fruition. Working together, we created a project road map and assembled a team of software engineers. Then, we managed the project to completion. After several months of development and testing, Milliman was able to transform their idea into a powerful solution for the healthcare business.
HERO stands for Health assessment using Entry and Renewal underwriting with Online data collection and display platform. In short, HERO pools large volumes of data that underwriters (carriers) use to assess risk for PEOs, MEWAs, trusts and associations. In turn, the software provides smaller companies increased coverage at a more competitive price.