The Wakely Plan Valuation Model (WPVM)
WPVM: Optimize plan design with this customizable tool.
Health plan design incorporates so many variables, including population, service line, geographic location, and more. That’s why the Wakely Plan Valuation Model (WPVM) is customizable, allowing users to calculate the most accurate actuarial values for their unique needs. Transparent, flexible, and easy to use, WPVM simplifies pricing, benchmarking, and so much more.
Whether it’s your data or ours, WPVM makes it work harder.
WPVM is an Excel-based tool backed by Wakely’s exclusive ACA database of more than eight million lives, which is updated annually. The flexibility of WPVM means that users can:
- Use Wakely’s database, their own data, or a combination
- Input front-end population selections so that the data reflects a certain population
- “Remix” populations to reflect expected demographic or metal-mix changes, or calibrate the model for a particular use
- Customize data based on metal tier, subsidy level, specific conditions, PMPM levels, trends, and more
Request a consultation to learn more about WPVM.
How WPVM makes your job easier.
WPVM’s clean user interface, transparent calculations (no black boxes), and customizability simplifies tasks, such as:
- Plan design for a range of service lines, including individual, small group, large group, Medicare Advantage, specialty product, and more
- Actuarial value calculation
- Premium rate development
- Benchmarking
- Healthcare cost and utilization analysis
- Compliance checking (e.g., mental health parity)
- Loading plans into the Federal Actuarial Value Calculator (AVC)
