ENTRIES TAGGED "predictive analytics"

Mental Health Costs for 18-to-35 Year Olds: The Hidden Epidemic

Hypothesis-free data analysis turns up unexpected incidences of illness

This posting was written by guest author Arijit Sengupta, CEO of BeyondCore. Arijit will speak at Strata Rx 2013 on the kinds of data analysis discussed in this post.

Much of the effort in health reform in the United States has gone toward recruiting 18-to-35 year olds into the insurance pool so that the US economy and insurers can afford the Affordable Care Act (ACA). The assumption here is that health care costs will be less for this young population than for other people, but is this true? Our recent analysis of 6.8 million insured young adults, across 200,000 variable combinations, suggests that young adults may be more expensive to insure than we realize.

Our study shows a high occurrence of mental health diseases among 18-to-35 year olds who have insurance and therefore more affordable access to medical care. Moreover, expenses associated with mental health conditions are very high, especially when coupled with a physical ailment. As the previously uninsured 18-to-35 year olds get access to affordable care, we may see a similarly high rate of mental health diagnoses among this population. The bad news is that the true costs of insuring 18-to-35 year olds might be much higher than previously suspected. The good news is that previously undiagnosed and untreated mental health conditions may now actually get diagnosed and treated, creating a significant societal benefit.

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The Next “Top 5%”: Identifying patients for additional care through micro-segmentation

Health data can go beyond the averages and first order patient characteristics to find long-term trends

This article was written with Arijit Sengupta, CEO of BeyondCore. Tim and Arijit will speak at Strata Rx 2013 on the topic of this post.

Current healthcare cost prevention efforts focus on the top 1% of highest risk patients. As care coordination efforts expand to a larger set of the patient population, the critical question is: If you’re a care manager, which patients should you offer additional care to at any given point in time? Our research shows that focusing on patients with the highest risk scores or highest current costs create suboptimal roadmaps. In this article we share an approach to predict patients whose costs are about to skyrocket, using a hypothesis-free micro-segmentation analysis. From there, working with physicians and care managers, we can formulate appropriate interventions.

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One-click analysis: Detecting and visualizing insights automatically

Arijit Sengupta of BeyondCore uncovers hidden relationships in public health data

The importance of visualizing data is universally recognized. But, usually the data is passive input to some visualization tool and the users have to specify the precise graph they want to visualize. BeyondCore simplifies this process by automatically evaluating millions of variable combinations to determine which graphs are the most interesting, and then highlights these to users. In essence, BeyondCore automatically tells us the right questions to ask of our data.

In this video, Arijit Sengupta, CEO of BeyondCore, describes how public health data can be analyzed in real-time to discover anomalies and other intriguing relationships, making them readily accessible even to viewers without a statistical background. Arijit will be speaking at Strata Rx 2013 with Tim Darling of Objective Health, a McKinsey Solution for Healthcare Providers, on the topic of this post.

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Big data comes to the big screen

Using data science to predict the Oscars

By Michael GoldFarsite

Sophisticated algorithms are not going to write the perfect script or crawl YouTube to find the next Justin Beiber (that last one I think we can all be thankful for!). But a model can predict the probability of a nominee winning the Oscar, and recently our model has Argo overtaking Lincoln as the likely winner of Best Picture. Every day on FarsiteForecast.com we’ve been describing applications of data science for the media and entertainment industry, illustrating how our models work, and updating the likely winners based on the outcomes of the Awards Season leading up to the Oscars. 

Just as predictive analytics provides valuable decision-making tools in sectors from retail to healthcare to advocacy, data science can also empower smarter decisions for entertainment executives, which led us to launch the Oscar forecasting project. While the potential for data science to impact any organization is as unique as each company itself, we thought we’d offer a few use cases that have wide application for media and entertainment organizations.

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Predictive data analytics is saving lives and taxpayer dollars in New York City

Michael Flowers explains why applying data science to regulatory data is necessary to use city resources better.

A predictive data analytics team in the Mayor's Office of New York City has been quietly using data science to find patterns in regulatory data that can then be applied to law enforcement, public safety, public health and better allocation of taxpayer resources.

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