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.
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
- 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 .