Meeting the Challenge
As health plans strive to do more with less while meeting the complex needs of patient populations, financial management systems must enable greater information sharing, reporting, and analysis. It’s vital to identify the financial drivers affecting care delivery and operational efficiency and be able to measure performance across a range of metrics. As health care models evolve, financial systems are key to measuring risk and assessing strategies.
Valence brings in-depth financial expertise with practical perspective, providing client-specific solutions for health plans as well as IPAs and PHOs. Actuarial services, in whole or in part, can be provided as stand-alone services, but are most effective when integrated with financial management, data management, and clinical reporting. When those services are combined, our team can present a more consistent and comprehensive analysis.
In-house financial, actuarial and technology expertise.
Valence financial services are led by a Certified Public Accountant and his team. Our in house actuary is a Fellow of the Society of Actuaries (FSA) and is a Member of the American Academy of Actuaries (MAAA). Our system developers and data teams both create and customize programs and tools to serve analysis and reporting goals.
Analyze and pinpoint inefficiencies.
Valence can manage day-to-day finance and accounting requirements while leveraging operational data to analyze costs and pinpoint inefficiencies.
Track and assess levels of performance.
Actuaries and support staff with significant experience in actuarial analysis of risk products, provide reports that compare various levels of performance - actual, budgeted community, industry, and specialty performance. Actuarial services include Incurred But Not Reported (IBNR) development and certifications, rate filings, trend analysis, and provider contracting analysis.
Meet financial statement and filing requirements.
Financial services encompass financial statement preparations, capitation management and reconciliation, regulatory filings, budgeting, audit support, and bank management.
Valence also establishes and implements financial checks and balances to ensure operations run smoothly, accurately, profitably.
Actuarial and Financial Services includes Financial Statement Preparation and Capitation Management and Reconciliation.