FREE Trial

Why would a health insurance company invest in analytics beyond fraud detection? Why is it in its best interest to

Question:

Why would a health insurance company invest in analytics beyond fraud detection? Why is it in its best interest to predict the likelihood of falls by patients?

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Answer rating: 0% (2 reviews)

A health insurance company has several reasons to invest in analytics beyond fraud detection including predicting the likelihood of falls by patients Here are some key reasons why such investments are …View the full answer


answer-question
Answered By
tutor-profile-image
Abdul Wahab Qaiser
Before working at Mariakani, I volunteered at a local community center, where I tutored students from diverse backgrounds. I helped them improve their academic performance and develop self-esteem and confidence. I used creative teaching methods, such as role-playing and group discussions, to make the learning experience more engaging and enjoyable. In addition, I have conducted workshops and training sessions for educators and mental health professionals on various topics related to counseling and psychology. I have presented research papers at conferences and published articles in academic journals. Overall, I am passionate about sharing my knowledge and helping others achieve their goals. I believe that tutoring is an excellent way to make a positive impact on people's lives, and I am committed to providing high-quality, personalized instruction to my students.
0.00 0 Reviews 10+ Question Solved
Related Book For  answer-question
Analytics Data Science And Artificial Intelligence Systems For Decision Support

Analytics Data Science And Artificial Intelligence Systems For Decision Support

ISBN: 9781292341552

11th Global Edition

Authors: Ramesh Sharda, Dursun Delen, Efraim Turban

See More Books
Question Details
Chapter # 1- Overview of Business Intelligence, Analytics, Data Science, and Artificial Intelligence: Systems for Decision Support
Section: Section 1.6 Review Questions
Problem: 4
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: September 05, 2023 04:18:37
See More Questions

Students also viewed these Business questions

Q:
Humana, Inc., is one of the largest publicly traded managed care companies in the United States. The company has about 6.2 million enrollees in 16 states. It offers primarily HMO and PPO plans, along...
A:
1 In my opinion there were mainly 4 different issues that resulted due to vertical integration It is important in all large organizations to have open......
Q:
Ruth Jones, a robust 50-year-old insurance adjuster living in the northern suburbs of Chicago, has been diagnosed by a University of Illinois cardiologist as having a defective heart valve. Although...
A:
Expected survival rate with surgery 5 95 years exceeds the nonsurgical survival rat......
Q:
In 2009, three Grinnell students (Allie Greenberg, Hannah Lytle, and Phillip Brogdon) conducted an analysis to estimate the probability of winning the Academy Award for Best Picture. The Academy...
A:
a The variables that appear to be the most significant are Actress in a Leading Role Film Editing an......
Q:
A test rocket is launched by accelerating it along a 200.0-m incline at 1.25 m/s2 starting from rest at point A (Figure 3.45.) The incline rises at 35.0o above the horizontal, and at the instant the...
A:
IDENTIFY Once the rocket leaves the incline it moves in projectile motion The acceleration along the......
Q:
Use the values in the matrix to solve the equations given. a. P(A U D) = __________ b. P(E U B) = __________ c. P(D U E) = __________ d. P (C U F) =__________ DEF A 58 12 B|10|614 C 825
A:
a P A U D P A P D P A D 25 60 23 60 5 60 43 60 71......
Q:
Last year, Stewart-Stern Inc. reported $11,250 of sales, $4,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had $3,500 of bonds outstanding that carry a 6.5%...
A:
Net cash flows difference between last year and this year......
Q:
The upper and lower control limits are typically set: A. One standard deviation from the mean in each direction. B. 3 (three sigma) from the mean in each direction. C. Outside the upper and lower...
A:
B 3 three......
Q:
The stock of Gao Computing sells for $50, and last year's dividend was $2.10. A flotation cost of 10% would be required to issues new common stock. Gao's preferred stock pays a dividend of $3.30 per...
A:
Computation of the Following Given Information P 0 50 00 Net P pf 30 00 D pf 3 30 D 0 2 10 g 7 B T k d 10 Skye s beta 0 83 Market risk premium MRP 6 0......
Q:
Recall a time when you self-disclosed effectively to someone close to you. What effective principles did you use? What was the other person's reaction? Give an example of a time you or someone you...
A:
Effective Self Disclosure Example Principle 1 Trust and Rapport Imagine sharing with a close friend......
Q:
Mike Bradys spouse died five years ago. Mike is 40 years old, and he has three boys, Greg, Peter, and Bobby. The three boys (his sons) live with Mike for more than half of the year. Greg is 15, Peter...
A:
a What filing status should Mike use Form 1040 Page 1 i Head......
Q:
Why is machine learning so important?
A:
Machine learning is important for a variety of reasons and its significance continues to grow as technology advances Here are some key reasons why machine learning is so important Automation and Effic......
Q:
What is a DW? How can DW technology help enable analytics?
A:
A DW or Data Warehouse is a specialized database system designed for the storage retrieval and analysis of large volumes of data from various sources within an organization It serves as a central repo......
Q:
Refer to Exercise 13-25. Data From Exercise 13-25 Methuen Corporation makes a special-purpose machine, D4H, used in the textile industry. Methuen has designed the D4H machine for 2020 to be distinct...
A:
1 Operating income for 2019 Total Revenue Units sold x Selling price per unit 210 x 43 000 9 030 000 Total Cost of Goods Sold COGS Direct Materials Co......
Q:
Explain two reasons why a manager might prepare a cash budget.
A:
A manager might prepare a cash budget for several reasons as it serves as a crucial financial planni......
Q:
The accounting rate of return uses profits in the formula. True/False?
A:
True The accounting rate of return ARR also known as the average accounting retu......
Q:
A cash budget is another name for an income statement. True/False?
A:
False A cash budget and an income statement are not the same thing they serve different purposes in......
Q:
What is meant by the term 'master budget'?
A:
The term master budget refers to a comprehensive and integrated financial plan that summarizes all the individual budgets and financial forecasts of a......
Q:
Name one component of a master budget.
A:
One component of a master budget is the Operating Budget The operating budget includ......
Q:
Northern Tundra Telephone (NIT) has received a contract to install emergency phones along a new 100-mile section of the Snow-Moose Turnpike. Fifty emergency phone systems will be installed about 2...
A:
Total Cost Phone unit co......
Q:
Element compound homogeneous mixture (heterogeneous mixture) 4) A piece of gold has a mass of 49.75 g. What should the volume be if it is pure gold? Gold has a density of 19.3 g/cm (3 points) D=m/v...
A:
4 A piece of gold has a mass of 49 75 g What should the volume be......
Adoptive Cellular Immunotherapy Of Cancer 1st Edition - ISBN: 1000447316 - Free Book