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	"The term ‘big data’ has been largely used to describe the vast amounts of Internet browsing tracking data becoming more available. In healthcare, AHRQ’s HCUP data set is an example of ‘big data,’ as are other publically available healthcare claims data sets, such as New York’s SPARCS. Basically, any large data set would be primarily used for three things: finding patterns, discovering unusual correlations and mining data. As Health Information Exchanges develop, each one will have large amounts of data, and all of the HIEs nationally combined certainly would qualify as a vast store of data on how care is delivered. From a predictive analytics standpoint, decision-tree methods would probably be especially relevant, since their objective is to construct groups of similar records based on the discovery of shared attributes that might not be readily apparent.” Lawrence S. Borok, President, Vantage Point Healthcare Information Systems

	In a recent FICO survey, 64% of insurers said they lacked the ability to rapidly deploy or update models to maximize business impact. One-third said that implementing a new model takes four to six months, and 51% said it takes six months or longer. Excerpted from Predictive Modeling News, Volume 5, Number 8, FICO Solution Accelerates ROI for Insurance Analytics

	Analytics Author: New ‘Decision Frontiers’ are Coming Health Data Management, July 26, 2012

	Roadmap: SAP BusinessObjects SAP, July 17, 2012

	Health Care Fraud: Analytics is the RX for $250 Billion in Fraudulent Health Care Costs Huffington Post, July 17, 20122

	Solving Our Diabetes Problem With A System That Predicts Who Needs Help Co.Exist, July 16, 2012

	Predictive Modeling Is a Crucial Tool for Fighting Health Care Fraud, Association Says Bureau of National Affairs, July 13, 2012


	Code Theory: The Impact of ICD-10 on Predictive Modeling by Dean E. Farley PhD MPA Making Workers’ Compensation Medical Costs More Manageable by Stephen DiCenso FCAS MAAA and Rong Yi PhD Home Care Company Alternate Solutions to Use Medalogix’s Readmission Prediction Tool Health Systems Access Payer, Provider Data to Support New Delivery Models, Improve Population Health FICO Solution Accelerates ROI for Insurance Analytics Thought Leader’s Corner: “What healthcare and health plan data sets and scenarios fall under the definition of ‘Big Data,’ and what new approaches are being used to tackle predictive analytics in the Big Data arena?” Industry News with briefs regarding Humedica; Commonwealth of Virginia and HMS; Cognizant; U.S. Air Force; and Verisk Health Catching Up With…. Russell D. Robbins MD MBA 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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