Predictive Analytics in Health Care: Helping to Navigate Uncertainties and Change - Machine Learning Times - machine learning & data science news
Machine Learning Times
Machine Learning Times
EXCLUSIVE HIGHLIGHTS
Re-examining Model Evaluation: The CRISP Approach
 The performance of prediction models can be judged using...
An Agile Approach to Data Science Product Development
 Introduction With the huge growth in machine learning over...
Wise Practitioner – Predictive Analytics Interview Series: Haig Nalbantian at Mercer – BIZ
 By: Eric Siegel, Founder, Predictive Analytics World for Business...
Is What You Did Ethical? Helping Students in Computational Disciplines to Think About Ethics
 In addition to this article, Dr. Priestly will also...
SHARE THIS:

6 years ago
Predictive Analytics in Health Care: Helping to Navigate Uncertainties and Change

 A recent billion-dollar forecasting error in Walgreen’s Medicare-related business has shocked the company and investors. The CFO was pressured to leave after he cut his 2016 pharmacy-unit earnings forecast from $8.5 billion to $7.4 billion. The company explained that it had not factored in a spike in the price of some generic drugs that it sells through its annual Medicare Part D contracts. While an error of this size draws the attention of the press and sends shock waves through the industry, Healthcare companies are regularly buffeted by armies of similar but smaller scale issues. Walgreen’s forecasting mistake highlighted a

To view this content
Login OR subscribe for free

Already receive the Machine Learning Times emails?
The Machine Learning Times now requires legacy email subscribers to upgrade their subscription - one time only - in order to attain a password-protected login and gain complete access.

Click here to complete this one-time subscription upgrade

Existing Users Log In
   
New User Registration
*Required field

Comments are closed.

Pin It on Pinterest

Share This