Transcript Big Data
Mike Del Fierro – JDi Data Michael Fariello – JDi Data Ingrid O’Keefe - ODG Big Data 2 days = as much data created from beginning of time until 2003. 100 hours of video uploaded to YouTube every minute. 90% of all data was created in past 2 years. Every minute: 204 million emails, 278,000 tweets, 200,000 photos to FB. Who Uses Big Data? How Do Risk Managers Get Big Data? API (Application Programming Interface) How Do Risk Managers Get Big Data? Reporting Tools How Do Risk Managers Get Big Data? What Do I Do With It? • Define Business Needs • Create Dashboards • Data Mining/Analytics • Fraud 1/10 • Benchmarking to Flag Claims ODG from Work Loss Data Institute • Publisher of ODG Product Line • Evidence-based disability duration, medical treatment guidelines • Predictive Analytics and Medical Management Tools • Comorbidity Calculator, Cost Calculator, Risk Assessment Score, RTW Prescription, UR Advisor, Drug Formulary, NDC Advisor Where Did We Come From? Circa 1996… Where Does the Data Come From? Collection of 10 Million Lost Time Cases • Claims Data • 3.5 Million Claims • National Workers Comp and STD Carriers • TPAs and Self-Insured Employers • National Health Interview Survey hosted by the CDC • OSHA • Survey of Occupational Injuries and Illnesses (SOII) Where Does the Data Come From? Scientific medical literature review •Alphanumeric evidence ranking process Raw (claims & survey) data analysis What is Data Used For? What is Data Used For? What is Data Used For? What is Data Used For? EBM Treatment Guidelines RTW Duration Guidelines ODG 2016 Cast Modeling Return-To-Work /Duration Guidelines • Total costs are an EXPONENTIAL function of disability duration / return-to-work Risk Assessment Score (RAS) • • • • • • • • What is it? Where does it come from? How well does it work? What are the needed inputs? How often do scores change? Can I just get it on ODG? Should I ? How does it compare to others? Risk Assessment Score (RAS) 50% 50% Demographics Performance Data Workers’ Comp Claim File National Carrier RAS For Indemnity Did RAS Predict High Risk Claims? RAS For Indemnity Put your resources to the highest and best use attacking problem claims early with RAS scoring EBM medical and RTW management drives optimal health outcomes, lower costs Maximize ROI On Claim Spend Connectivity & Automation Future of Big Data Thank You! Ingrid O’Keefe [email protected] Mike Del Fierro [email protected]