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Published byJonathan Gilbert Modified over 7 years ago
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Big Data: How Do I Capture it & What Do I Do With It?
Mike Del Fierro – JDi Data Michael Fariello – JDi Data Ingrid O’Keefe - ODG
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Big Data 90% of all data was created in past 2 years. 2 days =
as much data created from beginning of time until 2003. 90% of all data was created in past 2 years. Every minute: 204 million s, 278,000 tweets, 200,000 photos to FB. 100 hours of video uploaded to YouTube every minute.
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Who Uses Big Data?
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How Do Risk Managers Get Big Data?
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API (Application Programming Interface)
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How Do Risk Managers Get Big Data?
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Reporting Tools
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How Do Risk Managers Get Big Data?
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What Do I Do With It? Define Business Needs Create Dashboards
Data Mining/Analytics Fraud 1/10 Benchmarking to Flag Claims Dashboards are fluid
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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
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Where Did We Come From? Circa 1996…
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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)
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Where Does the Data Come From?
Scientific medical literature review Alphanumeric evidence ranking process Raw (claims & survey) data analysis
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What is Data Used For?
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What is Data Used For?
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What is Data Used For?
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What is Data Used For?
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ODG 2016 EBM Treatment Guidelines RTW Duration Guidelines
Cast Modeling ODG 2016
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Return-To-Work /Duration Guidelines
Total costs are an EXPONENTIAL function of disability duration / return-to-work
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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?
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Risk Assessment Score (RAS)
Magnitude Score Volatility 50% 50%
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Demographics
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Performance Data Workers’ Comp Claim File National Carrier
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Did RAS Predict High Risk Claims?
RAS For Indemnity Did RAS Predict High Risk Claims?
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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
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Maximize ROI On Claim Spend
Connectivity & Automation
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Future of Big Data
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Ingrid O’Keefe ingrid@worklossdata.com
Thank You! Mike Del Fierro Ingrid O’Keefe
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