Estimating Health Care Prices Using Historical Data

InstaMed Communications, LLC Mathematics, 2012-13

Liaison(s): Brian Bentow ’05, Chris Seib ’00
Advisor(s): Talithia Williams
Students(s): Matt Hin (PM-S),Peter Loftus (PM-F), Leverett Morgan, Lisbeth Santana

The 2012-2013 InstaMed Clinic Project seeks to implement and evaluate algorithms that use past healthcare claims in order to provide prompt cost estimates of medical services for doctors and patients. The team approaches the project using a simple statistical, heuristic approach as well as more advanced machine learning archetypes of decision trees and neural networks. The team also intends to provide InstaMed with a platform suitable to evaluate the accuracy, precision, and versatility of algorithms.