Actuarial Services

Valence brings in-depth financial and actuarial expertise and provides client-specific solutions for health plans and provider organizations. Actuarial services, are provided as stand-alone services, but are most effective when integrated with financial management, data management, and clinical reporting.

Sample Provider-Sponsored Plan Summary Report

Capabilities

  • In-house financial, actuarial, and technology expertise
  • Quality, cost, and contract modeling
  • Analysis of inefficiencies and opportunities 
  • Track and assess levels of performance
  • Align incentives
  • Meet financial statement and filing requirements
     

Client Benefits

  • Customized products and solutions serve analysis and reporting goals
  • Experienced actuarial team manages day-to-day finance and accounting requirements
  • Reports compare various levels of performance - actual, budgeted community, industry, and specialty performance
  • Analysis of Incurred But Not Reported (IBNR) development and certifications, rate filings, trend analysis, and provider contracting
  • Physician incentive design
  • Financial statements, manage capitation and reconciliation, regulatory filings, budgeting, audit support and bank management
  • Financial checks and balances to ensure operations run smoothly, accurately, and profitably