Predictive Modeling Bulletin
  Complimentary from the publishers of Predictive Modeling News                   May 2, 2012  
 
Shifting the Cost Paradigm with Big Data and Prepayment Analytics
  Sponsor Message  
Quote
  "There are many areas that pose challenges in the predictive modeling area when looking at healthcare measurement. When we need to rely on self-reported data or information not found in medical claims, it makes it more difficult to determine if the metrics are being met. While we would like to see hemoglobin A1c levels in the normal range, all we can see from the claims information is whether an individual had the test. Without the luxury of electronic medical records or chart reviews it will always be difficult to determine what the actual data are and how to evaluate and interpret them longitudinally. With the expansion of EMR use or improvements in biometric screening data, some of these gaps in the information can be closed." Russell D. Robbins MD MBA, Principal & Senior Clinical Consultant, Mercer  
Factoid
  90% of respondents attained a positive ROI from their most successful deployment of predictive analytics; more than half from their least-successful deployment. In another survey, “among respondents who have implemented predictive analytics, 66% say it provides ‘very high’ or ‘high’ business value.”.

Excerpted from Predictive Modeling News, Volume 5, Number 5
 
What's News
  Half of Healthcare Providers Are Looking to Buy Business Intelligence
KLAS, May 1, 2012
 
     
  How Mobile, Cloud, Are Transforming Healthcare
InformationWeek, April 26, 2012
 
     
  This IT guy could save your life
Crain's Chicago Business, April 23, 2012
 
     
  Are You Asking the Right Questions with Predictive Analytics?
SmartData Collective, April 19, 2012
 
     
  Verizon bridges technology and healthcare
Financial Times, April 17, 2012
 
     
  Predictive Modeling Options to Cut Preventable Admissions
HealthLeaders Media, April 13, 2012
 
     
  Easing Analytics Adoption
Insurance Networking News, April 1, 2012
 
     
This Month in Predictive Modeling News
 
  • IBM Report Details Seven Benefits of Predictive Analytics
  • Maximizing Your Competitive Advantage with PM and Consumer Data, by Ksenia Draaghtel, Milliman
  • Dovetail Uses CareAnalyzer to Prevent High-Risk Patient Re-Admissions
  • Priority Health Offers Targeted Wellness Packages
  • Odds of Living Very Long Life Lower Than Formerly Predicted
  • American Association for Homecare Applauds Efforts to Eliminate Fraud in Medicare
  • Thought Leader’s Corner: “Besides patient purchases of low-cost generic prescriptions, are there other self-pay healthcare items or services -- or other types of data -- that have sometimes been hard to capture for analytics purposes?”
  • Industry News with briefs regarding DecisionView, UHC, myMatrixx, Quintiles and Archimedes Inc., DataCare and Reed Group, andI Johns Hopkins ACG International Risk Adjustment Conference
  • Data Snapshots: Predictive Analytics to Understand Compliance and Enrollment Patterns - Rong Yi, PhD, Milliman and Bruce S. Pyenson FSA, MAAA, Milliman
  • Click here to view page one of this issue
  • Click here to subscribe to Medical Home News, or find out more
 
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About the Bullletin
  Predictive Modeling Bulletin is a complimentary publication issued periodically from the Health Policy Publishing, LLC, the publisher of Predictive Modeling News (www.predictivemodelingnews.com) Your friends and colleagues can subscribe to Predictive Modeling Bulletin at no charge by visiting: http://www.predictivemodelingnews.com/resources.html