Analytics Section of INFORMS NewsStanford team wins Syngenta Crop Challenge
Syngenta and the Analytics Society of INFORMS named Xiaocheng Li, Huaiyang Zhong and associate professors David Lobell and Stefano Ermon – a team from Stanford University – as the winners of the inaugural Syngenta Crop Challenge in Analytics. The team was awarded a $5,000 prize for their entry, “Hierarchy modeling of soybean variety yield and decision making for future planting plan,” which modeled a system for predicting soybean seed variety selection.Read More
Analytics Section of INFORMS NewsInnovative Applications in Analytics Award
The Innovative Applications in Analytics Award (IAAA), which recognizes creative and unique developments, applications or combinations of analytical techniques used in practice, has garnered significant interest in its brief life. The IAAA for 2016 was awarded to an MIT-led team for its submission entitled, “An Analytics Approach to the Clock Drawing Test for Cognitive Impairment,” during the recent INFORMS Conference on Analytics & Operations Research in Orlando. Fla.Read More
Analytics Section of INFORMS NewsWelcome to the Analytics Society!
The Analytics Section has become INFORMS’ newest society, and we are now the Analytics Society of INFORMS. Achieving society status recognizes our significantly increased membership base and our vastly expanded scope of activities, all of which were on display at the 2016 INFORMS Conference on Business Analytics & Operations Research in Orlando, Fla. We are still the fastest growing subdivision of the Institute!Read More
GEHA selects FICO Analytic Solution to intensify fight against insurance fraud, waste and abuse
FICO, provider of analytics and decision management technology, announced that the Government Employees Health Association (GEHA) has upgraded to FICO® Insurance Fraud Manager and will be adding FICO® Blaze Advisor® business rules management systems to help it more broadly and effectively detect and prevent insurance fraud, waste and abuse (FWA).
GEHA is the second-largest national health plan and the second-largest national dental plan for federal employees, retirees and family members, serving more than one million covered lives worldwide. GEHA has been a long time user of FICO analytics to analyze medical claims and fight fraud prior to payment.
With the upgrade to FICO® Insurance Fraud Manager, GEHA can not only monitor medical claims but also can manage pharmacy and dental claims with fraud detection and prevention models, discovering new fraud schemes in additional areas. GEHA also will be using FICO® Blaze Advisor® business rules to proactively evaluate claims and stop known fraud earlier in the process, driving greater efficiency and results.
"Many organizations have adopted FICO's analytics-based solutions to address the enormously costly problem of health care fraud, waste and abuse," said Russ Schreiber, vice president and insurance practice leader at FICO.