Description: This article describes a method that can be useful when re-fitting a risk score model to a population of only moderate size. Learn how to use concepts like ridge regression to train a model with partial credibility.

Description: An approach to quantify medical intervention savings when medical claims data is not available by leveraging overlapping measurement techniques.

Description: Private LTC insurers are paving the way for value-based care through working to implement care management programs that improve the lives of their policyholders before and during a claim. However, measuring the effectiveness of these new programs is a challenging task. In this article, we will explore powerful tools that can enhance traditional effectiveness studies and address some of their existing weaknesses.

Description: In this paper, we study a survival regression model known as Cox's proportional Hazards model. We assume that the data available are already grouped and develop a minimum distance estimation procedure that is also applicable when the data are also left or right censored. Asymptotic properties of the estimators are established and the numerical implementation of the method based on an iterated reweighted least squares algorithm is discussed.

Description: Traditional risk scoring models include only fixed (non-random) demographic and condition-based variables. By including the provider effect as part of the risk scoring model as a random effect, we can get better estimates of provider performance (incorporating practice patterns conditional on patient morbidity profile). This approach can be generalized to study other factors that are now masked in error variance (i.e. area, Social Determinants) but if modeled could give us better estimates of risk

Description: Users of statistical packages should be more aware of the influence that outlying data points can have on their statistical analyses. Robust procedures provide formal methods to spot these outliers and reduce their influence. While a few robust procedures are mentioned in this article, one is emphasized and it is motivated by maximum likelihood estimation to make it seem more natural. In this article, the author will try to provide some background, beginning with maximum likelihood estimation of one parameter, that will hopefully make robust estimation seem natural and rather easy.