Florida Atlantic University Researchers Reveal New Findings on Machine Learning (Explainable machine learning models for Medicare fraud detection): Machine Learning - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
October 30, 2023 Newswires
Share
Share
Post
Email

Florida Atlantic University Researchers Reveal New Findings on Machine Learning (Explainable machine learning models for Medicare fraud detection): Machine Learning

Health Policy and Law Daily

2023 OCT 30 (NewsRx) -- By a News Reporter-Staff News Editor at Health Policy and Law Daily -- Investigators publish new report on artificial intelligence. According to news originating from Florida Atlantic University by NewsRx correspondents, research stated, “As a means of building explainable machine learning models for Big Data, we apply a novel ensemble supervised feature selection technique. The technique is applied to publicly available insurance claims data from the United States public health insurance program, Medicare.”

Our news correspondents obtained a quote from the research from Florida Atlantic University: “We approach Medicare insurance fraud detection as a supervised machine learning task of anomaly detection through the classification of highly imbalanced Big Data. Our objectives for feature selection are to increase efficiency in model training, and to develop more explainable machine learning models for fraud detection. Using two Big Data datasets derived from two different sources of insurance claims data, we demonstrate how our feature selection technique reduces the dimensionality of the datasets by approximately 87.5% without compromising performance. Moreover, the reduction in dimensionality results in machine learning models that are easier to explain, and less prone to overfitting. Therefore, our primary contribution of the exposition of our novel feature selection technique leads to a further contribution to the application domain of automated Medicare insurance fraud detection. We utilize our feature selection technique to provide an explanation of our fraud detection models in terms of the definitions of the selected features.”

According to the news reporters, the research concluded: “The ensemble supervised feature selection technique we present is flexible in that any collection of machine learning algorithms that maintain a list of feature importance values may be used. Therefore, researchers may easily employ variations of the technique we present.”

For more information on this research see: Explainable machine learning models for Medicare fraud detection. Journal of Big Data, 2023,10(1):1-31. (Journal of Big Data - https://journalofbigdata.springeropen.com). The publisher for Journal of Big Data is SpringerOpen.

A free version of this journal article is available at https://doi.org/10.1186/s40537-023-00821-5.

Our news editors report that more information may be obtained by contacting John T. Hancock, College of Engineering and Computer Science, Florida Atlantic University. Additional authors for this research include Richard A. Bauder, Huanjing Wang, Taghi M. Khoshgoftaar.

(Our reports deliver fact-based news of research and discoveries from around the world.)

Older

Reports from University of Chicago Describe Recent Advances in Insurance (Insurance Coverage and Induced Infringement: a Threat To Hatch-waxman’s Skinny Labeling Pathway?): Insurance

Newer

3Q 2023 Earnings Call Presentation

Advisor News

  • Semi-retirement: helping clients balance flexibility with financial security
  • The 6X Formula for leveraging content marketing with AI
  • When a home becomes difficult to insure, the plan changes
  • The inheritance gap: Helping clients plan for money that hasn’t arrived
  • After the midterms: Addressing your clients’ tax concerns
More Advisor News

Annuity News

  • Athene CEO criticizes offshore reinsurance, risk-taking by competitors
  • DOL, trade groups, state AGs file briefs supporting Alcoa in PRT lawsuit
  • John Hancock launches new fixed indexed annuity suite
  • Annuities to play a larger role in workplace retirement plans
  • FHLBank Pittsburgh Announces Results in 2026 Board Election
More Annuity News

Health/Employee Benefits News

  • Reed: Can this father be appointed child's guardian?
  • Data on Managed Care Described by Researchers at Johns Hopkins University (Locating the Gender Payment Gap Among Recent Cardiothoracic Surgery Graduates: A Bottom-up Analysis of Medicare Payments): Managed Care
  • Medicare Advantage stays in Coos, Carroll counties after Ayotte recruits insurer
  • iA Financial Group Increases Core ROE†† Target¹ to 18.5%+ in 2028
  • Franklin County Hiring Juvenile Probation Officer
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Fubon Insurance Vietnam Co., Ltd.
  • Three lawsuits put life insurers’ cost-of-insurance practices under scrutiny
  • Military Briefs: November 12-18
  • Security Benefit Series B Preferred Stock Dividend Rate Resets to 10.286%
  • FHLBank Pittsburgh Announces Results in 2026 Board Election
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Insurvoice Lets Independent Insurance Agency Owners Analyze Every Customer Call in ChatGPT or Claude
  • Spectrum Weather & Specialty Insurance Celebrates 15 Years and Welcomes the Next Generation
  • Royal Neighbors of America® Increases Service Capacity
  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.