Raymond Melvin's Colleagues at Benefits Science
Raymond Melvin's Contact Details
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Atlanta Metropolitan Area
Benefits Science
Raymond Melvin's Company Details
We are innovators with a strong academic heritage. The Benefits Science Technologies data science team is regarded as one of the leading analytics, optimization, and computer science teams in the world. Our co-founder, Dr. Dimitris Bertsimas, co-director of the Operations Research Center at MIT, has co-authored more than 220 scientific papers in optimization, data mining, applied probability, and quantitative finance and has written 4 textbooks that are used in over 40 universities around the world.We are problem solvers with deep experience. Dr. Bertsimas, recognized as an early pioneer in healthcare analytics, helped create a leading healthcare analytics tool (D2Hawkeye) in 2001. BST innovation continues through our association with the Operations Research Center at MIT.We are data quality leaders. We combine proprietary techniques (supervised and unsupervised machine learning algorithms) with advanced data science and predictive modeling to augment traditional actuarial science. We look at more data, more often and with more granularity. We provide specific medical plan recommendations optimized to employers' budget and population health, with an accurate assessment of plan performance, enabling plan owners to manage their plans more responsively.We prescribe specific actions. In minutes, BST's Health Plan Optimizer considers billions of scenarios, removing unforeseen inefficiencies and eliminating less favorable options to design plans that meet the specific needs of the members while respecting the budgetary constraints and goals of the employer. Like other solutions, we define what has happened and what is likely to happen next. While these are important steps, clinical information is not the same as financial direction. And that is what distinguishes BST from other solutions – we provide prescriptive action. It's a significantly more complex calculation to recommend specific actions tailored to meet plan objectives – and only BST offers it.