Ventiv Technology

2023 RMIS Report

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90 ©2023 Redhand Advisors. All rights reserved. Milliman Company Overview Founded in 1947, we are an independent risk management, benefits and technology firm with offices in major cities around the globe. We serve the full spectrum of business, financial, government, union, education, and nonprofit organizations. Since our inception, objectivity and professional excellence have been our hallmarks. We are independently owned and managed by our principals, who are distinguished by their technical and business acumen, and by their achievements in their respective fields. Our body of professionals includes actuaries, technologists, clinicians, economists, climate and data scientists, benefits and compensation experts, and many others. Nodal ® Product Information Nodal is a comprehensive solution that uses artificial intelligence (AI) and machine learning to analyze structured and unstructured data. Gain powerful insights into jumper claims, litigation likelihood, excessive medical cost, and more. With intelligent, automated claims triage and cost benchmarking, Nodal helps you to improve internal processes, address skill gaps, and manage ever-growing medical and litigation costs. Technology Overview Proprietary Text Mining: We capture unknown data elements from unstructured data with our proprietary text mining algorithm. Tailored: Our approach is customized to your data, your business operations, and your specific needs. We construct models utilizing a client's own detailed claim, medical, and unstructured data while leveraging Nodal's database as support. End-to-End Solution: We assist clients from data to implementation. We assemble data from structured and unstructured sources, build predictive models using cutting-edge machine learning techniques, and implement with experienced claims consultants to ensure successful implementation. Customer Experience Support Hours Monday-Friday 9 AM-5 PM (CST) Support Offered • Dedicated Account Representative • Email • Helpdesk • Online help User Conference Quarterly Client Advisory Council N/A Product Release Schedule As needed Implementation Time 30-90 days Product License SaaS annual subscription Average Annual Fee $200,000 Customers Users Deployment SaaS Hosting 3rd party hosted 3rd Party Assessment March 2021 Data Encryption Optional Browsers Browser agnostic milliman.com Company Info Ownership Private Founded | 1947 Headquarters & Locations • Seattle, WA • Chicago, IL • Milwaukee, WI Leadership • Michael Paczolt, Principal & Consulting Actuary, FCAS, MAAA Contac t Trever Mertz, Director of Sales 262-796-3347 trever.mertz@milliman.com Annual Revenues Not disclosed Top Industries • Finance & Insurance • Healthcare • Manufacturing • Transportation • Utilities Produc t Of ferings • Benchmarking • Catastrophic Risk Mgmt • Claims Mgmt • Data Analytics/ Predictive Modeling • Exposure/Asset Mgmt • GRC • Healthcare Risk Mgmt • Litigation Mgmt • OSHA Compliance NOT FOR DISTRIBUTION

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