Complimentary from the publishers of Predictive Modeling News January 2017 | |||||||||||
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"A development that has
been occurring lately, with, for me, unpredictable outcomes is the
development of data science/Big Data/machine learning. My background has
been in statistical modeling and that is the type of model that I have seen developed over
the 20 or so years that I have been in this business. However, in recent
years we have come to hear a lot about data science/Big Data/machine
learning. Claims are made for these models that are very appealing
because they seem to perform better than tradition parametric models. I
don't think I have ever seen a head-to-head comparison between the two
types of models, however. (We should remember that parametric models are
more straightforward to interpret and their confidence intervals tend to
be smaller.) Perhaps 2017 will be the year when we finally get to see,
on a level playing field, whether there is anything to the hype about
these models and whether they can demonstrate superior performance. And
a bonus development: whether predictive performance actually matters in
an operational environment in which it is increasingly difficult to
engage with target patients." - Ian Duncan FSA FIA FCIA MAAA, Adjunct Professor of Actuarial Statistics, University of California, Santa Barbara; CEO, Santa Barbara Actuaries, Inc. |
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"The @Home study
yielded positive results, including: Slowed disease progression, as
measured by patient risk scores. The risk score stabilized: 2% increase
in the pilot group compared to 31% increase in the control group." Excerpted from: Predictive Modeling News, Volume 10 Number 1, January 2017, "Part II: Case Studies: Geneia Finds Remote Patient Monitoring 'Could Save More Than $8,000 a Patient a Year." |
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Precision Medicine, Big Data Partnerships Will Enhance Treatment Health IT Analytics, December 23, 2016 |
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Applying Predictive Analytics: Artificial Neural Networks in Predicting
Alzheimer's Journal of AHIMA/Blog, December 22, 2016 |
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Actuaries are bringing Netflix-like predictive modeling to health care STAT News, December 13, 2016 |
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How hospitals can leverage predictive analytics to avoid layoffs Becker's Hospital Review, December 13, 2016 |
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Using NLP with Machine Learning for Predictive Analytics in Healthcare Hospital EMR and EHR, December 12, 2016 |
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Advanced Plan for Health unveils predictive analytics to fine-tune
population health Healthcare IT News, December 8, 2016 |
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