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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Lumiata Demonstrates Ongoing Dedication to Privacy and Security for Client Data

Lumiata, which applies artificial intelligence to multipoint aggregated medical data to enhance predictive analytics in healthcare, announces completion of a third party audit attesting to its achievement of the demanding requirements of the SOC 2 Type 2 and HIPAA data security standards.

The meticulous third-party examinations and assessments that led to compliance with the rigorous series of data security standards was administered by the professional IT compliance and audit staff at 360 Advanced, a national HITRUST CSF, Qualified Security Assessor, and Certified Public Accountant firm based in St. Petersburg, FL…….

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Lumiata Demonstrates Ongoing Dedication to Privacy and Security for Client Data