Oct 16 2016 | Thought Leadership | By

Forecast Health Outperforms Competitors on Predictive Accuracy

The Society of Actuaries’ (SOA) recently published their study titled “Accuracy of Claims-Based Risk Scoring Models”. It evaluated 11 vendors on their ability to predict costs using Truven Marketscan® commercial claims dataset of 1 million members.

The highlights are that Forecast (now Lumeris):

  1. Beat the 2nd best vendor at predicting people with the top 1% of costs by 9% (Outperformed all vendors by 9% to 14%).
  2. Beat the 2nd best vendor at predicting overall costs when costs per person were capped at $250k by 13% (Outperformed all vendors by 13% to 27%).
  3. Beat the 2nd best vendor at predicting overall costs when per person costs were uncapped by 25% (Outperformed all vendors by 25% to 36%).

 

To find out more, read the full article.

mgordon@lumeris.com

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