Page 34 - Learn About Burnham
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Risk Management
Risk Management Highlights
Burnham’s risk management team supports clients with:
• Healthcare Reform Modeling
• Renewal Evaluations
̶ Analysis of plan history to determine appropriate future budget
̶ Proper adjustment of reserves
̶ Determination of incremental cost impact for plan changes
̶ Stop loss analysis
• Quarterly Renewal Projections
• Annual Medical Carrier Trend Study
• Contribution Modeling
• IBNR Reserve Determination
• Client Dashboard
̶ Comprehensive experience and utilization report
̶ Updated regularly based on client’s needs
̶ Includes medical, prescription drug, dental and vision plans
̶ Outlines monthly premium/budget, claims, contributions, claims trend, and medical and
prescription drug utilization details
̶ Track stop loss results
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