Benefits November 3, 2003

Milliman Acquires Focus Solutions

November 3, 2003 (PLANSPONSOR.com) - Milliman USA has acquired software technology company Focus Solutions, Inc.
Reported by

The acquisition includes the license to Focus Solution’s software offering – goal:technology – and all of the employees of Focus Solutions. Additionally, the combination of goal:technology with current Milliman tools trumpeted the launch of Milliman’s STEP Solutions, a business-processing platform for the life and health insurance marketplace, according to a news release.

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Milliman STEP will provide outsource and software solutions for the processing and administration of insurance in the United States. This will be done by incorporating newly acquired goal:technology with Milliman’s existing FASTpolicy administration system. The new system will facilitate:

  • online and offline application data capture
  • illustrations
  • quotes
  • applications and new business processing
  • intelligent risk assessment and underwriting
  • claims management
  • imaging integration
  • third-party data sources
  • real-time administration transactions, including billing, collections and commission processing.

Additionally, Milliman STEP will provide the resources and infrastructure to manage and maintain the entire process. For further information, visit http://www.milliman.com/STEP .

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