Actuarial Services
Valence’s in-house actuary and support team conduct actuarial analysis of risk products and provide reports that compare actual performance to budgeted performance to community, industry, and specialty performance.
Actuarial services include:
- Incurred But Not Reported (IBNR) analysis and certification
- Rate Filings
- Trend Analysis
- Provider Contract Analysis
- Provider and Risk Sharing model Development
Health Plan Financial Services
From premium management and member reconciliation to budgeting, Valence offers a full range of financial services, including cash management, funds flow analysis, pro forma and financial statement preparation, and budget analysis. Financial services can include summarized financial statements by specific categories such as product line, provider group, line of business, and geographic area.