Predictive Analytics Times
Predictive Analytics Times
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predictive modeling

Five Challenges in Using Predictive Analytics to Improve Patient Outcomes

 In the increasingly patient-centric world of healthcare, predictive analytics has taken firm hold as a means for healthcare organizations to improve patient outcomes. Predictive models for determining patient responses to medication, lowering hospital readmission rates, assessing risk of disease breakout, and other uses are being implemented for superior disease management and care delivery. Similarly,...

Health Care Fraud: We can’t afford to ‘pay and chase’

 In June, Attorney General Loretta Lynch announced “the largest criminal health care fraud takedown in the history of the Department of Justice.”  More than 240 people were arrested and charged with stealing $712 million...

Building Predictive Models more about Value than Glamour

 Building predictive models has come to seem like one of the more glamorous jobs in business intelligence and analytics. Successful, high-profile predictive modelers like Nate Silver, founder of the ESPN blog FiveThirtyEight, and Rayid...

GAM: The Predictive Modeling Silver Bullet

 Imagine that you step into a room of data scientists; the dress code is casual and the scent of strong coffee is hanging in the air. You ask the data scientists if they regularly...

Getting Serious about Customer Retention!

 Retention has always played second fiddle to acquisition within marketing – despite the fact that acquiring new customers is far more expensive than retaining existing ones and that the top tranche of customers contributes...

Intro to Machine Learning Algorithms for IT Professionals

 Machine learning — supervised and unsupervised — tracks data patterns that help businesses build improved predictive models and make smarter IT decisions. Our data center machines, due to all the information we feed them,...

P&C Reports Increase in Predictive Modeling: Towers Watson

 Predictive modeling use has increased in nearly every business line throughout P&C but is rarely leveraged across the enterprise. Following a growing trend in analytics, North American P&C insurers have increased predictive modeling use...

Use of Predictive Models Widespread in P/C Insurance: Survey

 A survey of North American insurance professionals reveals widespread use of predictive analytics in the property/casualty insurance industry, with as many as 82 percent responding that they use predictive modeling in one or more...

A Good Business Objective Beats a Good Algorithm

 Predictive Modeling competitions, once the arena for a few data mining conferences, has now become big business. Kaggle (kaggle.com) is perhaps the most well-known forum for modeling competitions, using a crowd-sourcing mentality: if more...

Readmissions ‘Drop Like a Rock’ with Predictive Modeling

 Predictive modeling offers the key to understanding which healthcare services most affect utilization, readmissions, and payment, and how to tackle the outliers. These analytics are within the grasp of any healthcare system. Somewhere out...

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