This document provides an overview of predictive risk modelling in healthcare:
- Predictive models use existing patient data to identify those at high risk of future health events like hospital admissions.
- Around 3% of patients account for nearly half of total healthcare costs. Predictive models aim to identify these high-risk, high-cost patients.
- Models have moderate accuracy, correctly identifying 50-75% of readmissions and 5-10% of highest-risk patients.
- There is a growing commercial market for predictive risk tools in England as new organizations develop their own models.
- Simply having a predictive model is not enough; organizations must choose how to apply models through interventions for high-risk patients.
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