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Predictive Modeling Model: Improving Future Health Care

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Predictive modeling is another form of data analytics that is focused on forecasting the future medical costs. This model utilizes patients’ medical information in an effort to evaluate health risks and forecast the future of medical utilization (Ingenix, 2006). A large variety of predictive modeling procedures are available, which are created to assign a specific risk level or score to the patients (Asparouhov, 2012). Risk scores are controlled by the risk markers and are given to each patient in a specific population (Ingenix, 2006). In using any past diagnoses and other information gathered, the predictive models will calculate the individual patient costs that can then be used by healthcare providers and the insurers. Therefore, certain …show more content…

BCBSNC actually studies the current healthcare needs and even predicts the future health issues by utilizing predictive modeling and current healthcare data, therefore, finding ways to prevent future health concerns and improving the customers’ overall health (Mace, 2012). In fact, 50% of BCBSNC’s costs are being determined by only 4% of its customers (Mace, 2012). The predictive modeling allows BCBSNC to anticipate the future health trends and apply initiatives in order to improve the potential health conditions in advance, which should reduce costs (Mace, 2012). If not used appropriate manor, predictive modeling can actually trigger negative consequences. For example, following predictive modeling exactly by the guidelines might result in reduced attention to the patients as individuals. By inadequately implementing a positive predictive modeling system can result in unused resources. Many of the disadvantages to predictive modeling can be controlled if the system is properly applied (Ingenix, 2006). Many different types of predictive modeling procedure are even available to be

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