Advantages of Individual Predictions

Plans in healthcare have historically been priced in bulk, which is done to alleviate risk to individuals by putting money into pools. When predicting for this cost, it is typical to use aggregated features such as historical account cost and account demographics.

Growing capabilities to handle big and unstructured data as well as advances in modeling make individual-level predictions increasingly feasible and an attractive alternative to modeling at the aggregate level. Individual-level models can utilize medical data including

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