Society of Actuaries: Biggest Challenge to Implementing Predictive Analytics in the Next 5 Years, per Survey of Healthcare Execs

  1. Lack of skilled employees: 13%
  2. Regulatory issues (e.g. HIPAA): 12%
  3. Too much data: 12%
  4. Incomplete data: 11%
  5. Lack of sufficient technology: 11%
  6. Lack of budget: 10%
  7. Lack of confidence in its accuracy: 8%
  8. My organization won't face any barriers: 7%
  9. Patient matching: 6%
  10. Lack of executive support: 5%
  11. Don't know/not sure: 5%
  12. My organization won't be implementing predictive analytics in the next 5 years: 0%
  13. Other: 0%

Source: Society of Actuaries, "2019 Predictive Analytics in Health Care Trend Forecast" - https://www.soa.org/globalassets/assets/Files/programs/predictive-analytics/201…

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