This article was originally published in the Spring 2013 edition of OnAnalytics, published by the Institute for Business Analytics at Indiana University’s Kelley School of Business.
This article focuses on insights from Natalie Basich, a 2013 MBA graduate majoring in Finance and Business Analytics. This article is based on Natalie’s experiences during an internship with a major health care insurer in the Midwest.
Many industries face the challenges of big data and an ever-expanding number of applications, databases, and data warehouses. But the health care industry and health care insurers grapple with a unique set of tests. Once collectors of information, health care insurance companies now use data to make informed decisions, and they do so in a rapidly changing regulatory environment.
During her internship, Natalie Basich worked with a major health care insurance company to analyze how its retail centers were performing. The company wanted a more robust financial model that pulled multiple years of data and allowed it to view sales projections as well as assess past, current, and potential performance.