By Rachel Horman , Esq.|Published On: March 9th, 2023|Categories: General|

Direct Media Inquiries to:
Rachel Horman, Esq.
[email protected]
(617) 415-3021

FOR IMMEDIATE RELEASE:

BOSTON – March 9, 2023 – Horman Actuarial Solutions, Inc. (Horman), a greater Boston based actuarial and regulatory compliance consulting firm, announced today that it has been selected as a preferred vendor by the Association for Community Affiliated Health Plans (ACAP). Horman specializes in advanced mathematical expertise, next generation analytical capabilities, and in depth understanding of the regulatory environment.

“Horman is excited to selected as an ACAP preferred vendor, and to continue serving not-for-profit health plans in their actuarial and regulatory compliance needs,” said Peter Horman, FSA MAAA, Owner & Chief Consulting Actuary at Horman. “Since our start in 2013, we have grown a client base that operates in ACA exchange, Medicaid, and Medicare markets across the country. Most of our clients are not-for-profit health plans or providers and we serve them at about half the cost of the major national consulting firms.”

Horman has partnered with 3 ACAP member health plans and supports multiple ACOs in Commercial, Medicare, and Medicaid with risk contract operations, including forecasting results, supporting negotiations with providers, and educating senior management on risk contracting. As a preferred ACAP vendor we hope to help these important health plans meet their actuarial, analytical, and regulatory needs. Our team includes executive level consultants who understand the day to day challenges of regional health plans and we have proven solutions to serve the member health plans.

“ACAP Preferred Vendors have a proven track record of effectively working with Safety Net Health Plans to deliver innovative solutions, higher quality, or better efficiency,” said ACAP CEO Margaret A. Murray. “We’re proud to welcome Horman into the circle of ACAP Preferred Vendors and look forward to their sharing their experience and expertise with our membership.”

ACAP is a national trade association that represents not-for-profit safety net health plans with the aim of supporting the work of these health plans to improve the health and wellbeing of lower-income people with significant health needs. ACAP’s 79 health plan members serve more than 25 million enrollees through Medicaid, Medicare, Marketplaces and other public health coverage programs.

About Horman Actuarial Solutions, Inc.

Horman Actuarial Solutions is a consulting firm committed to applying complex mathematical, actuarial, and data techniques to practical business problems. In addition, Peter has been active in the local Massachusetts market since 2004. Prior to starting Horman, Peter was the Chief Actuary of a provider owned regional health plan and was responsible for leading the company through the financial challenges of the ACA transition. Peter led actuarial and underwriting functions, including financial forecasting, risk-based capital planning, and design of provider risk contracts. As Chief Actuary, he balanced strategic and functional responsibilities and worked towards implementing best practices. His key accomplishments included building actuarial and underwriting infrastructure, formulating payer and provider roles in an integrated setting, championing diversification as part of the financial optimization strategy, and helping lead a financial turnaround strategy. Rachel’s in-depth regulatory and compliance expertise brings an additional dimension to our portfolio of service offerings. Prior to co-founding Horman, she served as a compliance and ACA regulatory consultant for an MCO plan. Serving the regulatory field for more than a decade, Rachel specializes in the development of compliance databases, systems and testing plans/processes. Learn more at www.hma-solutions.com and follow us on LinkedIn and Twitter.