Health Actuarial Consulting

In the ever-evolving landscape of healthcare and health insurance, staying one step ahead is critical for both compliance and competitiveness.

At Lewis & Ellis, we provide robust healthcare consulting and health insurance advisory services to help insurance companies and providers navigate this dynamic industry. With a keen understanding of health insurance market trends and regulatory changes, our team offers strategic guidance to help you make more informed decisions about your business.

Our Commitment

Our actuaries seek to empower each and every client to stay ahead of the curve in healthcare financial management and policy planning to enable better service for patients and improved outcomes for your business.

Health Actuarial Consulting Services With Lewis & Ellis, LLC

Health Insurance Advisory Services

Our healthcare consulting and health insurance advisory services prioritize the unique needs of healthcare providers. We understand the challenges providers face in today’s healthcare industry, from managing costs to navigating health insurance provider comparisons, regulatory compliance and risk management.

Our team of healthcare and health insurance experts offer guidance on healthcare financial management, healthcare policy planning and managed care strategies. We provide robust healthcare risk assessment services — including financial risk assessment — and practical solutions to optimize health insurance plans to empower providers to deliver superior care while mitigating financial risk and maintaining regulatory compliance.

Our expertise includes:

• Major Medical Health Insurance, including Managed Care.
• Supplemental products, including limited benefits, GAP, short-term and accident-only products.
• Medicare Advantage.
• Medicare Supplement Insurance.
• Long-Term Care Insurance.
• Disability Income Insurance.
• Cancer and Critical Illness Insurance.
• Dental Insurance.
• Medicaid / CHIP.
• Credit Insurance.

Product Development

For health insurance companies, developing competitive products is paramount to success. At Lewis & Ellis, our health actuarial consultants advise on plan design to help you achieve employee benefits packages that offer the latest and greatest — balancing cost and quality of care.

From conception to market launch, we work collaboratively with you to understand your unique needs and goals to deliver a health insurance product that not only stands out but resonates deeply with your target audience.

Learn more about our Product Development services.

Precise Actuarial Valuation

Actuarial valuation plays a crucial role in the financial success of healthcare organizations and health insurance providers.

At Lewis & Ellis, we offer actuarial services including meticulous healthcare risk assessment and health insurance coverage assessment services, ensuring precise valuations that align with your financial objectives.

Each expert actuarial consultant at Lewis & Ellis specializes in thorough data analytics — from healthcare cost management strategies to health insurance investment evaluations — to provide insights into your organization's financial health and equip you with the critical data needed to optimize health insurance plans and improve performance.

This includes services that encompass:

• The design, development and implementation of claim reserve systems.
• Implementation of policy reserve systems for statutory, GAAP and tax reporting.
• Actuarial Opinions for Insurance Annual Statements.
• Asset Adequacy Analysis.
• Valuation of companies and blocks of business for sale, acquisition or reinsurance.

Health Reform and Policy Advisory

Healthcare reform and policy changes can dramatically impact the landscape of healthcare and health insurance industries. We provide in-depth healthcare industry consulting services that keep you informed and prepared for such changes.

Our team of experts closely monitors healthcare market trends, regulatory changes and policy shifts. To guide you through healthcare regulatory compliance and ultimately navigate these evolving landscapes with confidence and strategic foresight.

Our health care policy planning services ensure that your organization remains adaptable and resilient, ready to seize opportunities and address challenges that arise from health care reform.

Learn more about our capabilities in healthcare reform and policy.

Support You Can Depend On

At Lewis Ellis, we pride ourselves on providing comprehensive healthcare consulting and health insurance advisory services you can rely on.

Whether you're grappling with healthcare financial management, navigating the complexities of health insurance provider comparison, provider contracting, reinsurance analysis or optimizing your health insurance plans, our support services are tailored to your unique needs.

We prioritize healthcare regulatory compliance, ensuring clients stay updated on the latest healthcare market trends and regulations while supporting your needs for claim experience analysis, including developing and submitting rate increase requests.

Contact us today to learn more about how our consultants can benefit your business.

Health Actuarial Consulting FAQs