Are you having difficulties meeting your financial close each month? Are your claim reserves taking too much time to determine? Are you having too many “reserve surprises”? Do you need help determining deficiency reserves?
Most health plans struggle getting accurate information prepared quickly enough for internal and external financial reporting requirements. Too often health plans are forced into inappropriate shortcuts to speed up the process, resulting in undesirable results. A more prudent approach is to review the process and determine how it could be more appropriately structured to meet the ever-challenging time requirements. The actuarial perspective is critical in successfully accomplishing this objective.
How can AHP help?
AHP actuarial consultants are well versed in financial report preparation, particularly those items traditionally prepared by actuaries (i.e., claim reserves, deficiency reserves, etc.). We provide temporary, long term, and consultative assistance. Our proprietary software can be licensed for client use. We use the same software to complete our internal calculations. Our workflow management expertise can be used to refine the entire financial reporting process or individual steps. In addition to providing hands-on support, we can also provide strategic input to assure individual tasks are being performed appropriately. Our repository of ideal practices provides a useful resource for our clients.
Why Axene Health Partners?
AHP consultants have deep expertise in financial reporting and the preparation of information for financial statements. Our firm’ commitment to high quality work, and an insistence on doing the job right the first time, provides our clients with a trustworthy advisor. Our ready to use tools provide a cost effective alternative to our competitors. Our consultants can be used as “rented” staff, temporary staff, or consultant. We will provide a flexible solution to your unique needs.
For more information, contact us at info@axenehp.com.