'Predictive Modelling in Healthcare, Promise and Peril' Conference Session Set for Sept. 20 by International Actuarial Association Health Section, Singapore Actuarial Society

OTTAWA, Ontario, Aug. 17 (TNSeve) -- The International Actuarial Association Health Section and Singapore Actuarial Society have scheduled a conference session as part of its 2021 Joint SAS-IAAHS Health Conference on Sept. 20, 2021, entitled "Predictive Modelling in Healthcare, Promise and Peril":

According to the agency website:

Prior to the inception of Covid, healthcare budgets in most countries appeared to be out of control, with the U.S. healthcare spending heading to 20% of GDP, and other countries not far behind in terms of rapidity of increases. Covid has caused healthcare authorities, payers and providers to temporarily focus on fighting the pandemic, but once Covid is under control budget pressures will return, greater than ever.

Recently, predictive analytics, big data and artificial intelligence have been proposed as a solution that will change healthcare for the better. Certainly analytics, data science and artificial intelligence are playing a significant role in process automation and improving diagnostic accuracy. Models enable practitioners to identify high risk populations and conditions earlier and to intervene more effectively with patients. But is the optimism for big data and AI in healthcare justified or is it simply hype? Why, if models are so much better are we not seeing a bending of the cost-curve in healthcare? What will it take for predictive analytics and AI to make a significant impact on the cost and value of healthcare?

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Speaker: Ian Duncan

Dr. Duncan is an Adjunct Professor of Actuarial Statistics at the University of California Santa Barbara and President of Santa Barbara Actuaries Inc. He holds a graduate degree in Economics from Balliol College, Oxford a Ph.D. in Actuarial Statistics from Heriot-Watt University, Edinburgh. He is active in public policy and healthcare reform and served on the board of directors of the Commonwealth of Massachusetts Health Insurance Connector Authority from 2007-2014. He was also a member of the board of the Society of Actuaries (2012-2015). He is the author of numerous peer-reviewed papers, and several books and book chapters. His latest book, a second edition of "Healthcare Risk Adjustment and Predictive Modelling" was published in May 2018.

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More information about the event can be found at https://www.actuaries.org/IAA/Documents/IAAHS/Singapore/SIHCProgram20210808_0.pdf