This analytical report discusses the cost of medical malpractice in the United States, including a profile of claimants, comparison of claim data against industry standards, and the relationship between physician specialty and claim severity.
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Descriptive Analytics and Visualisation
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Table of Contents BUSINESS REPORT.......................................................................................................................1 INRODUCTION..............................................................................................................................1 Q1: Overall summary.............................................................................................................1 Q2: Development of a profile of a typical claimant...............................................................1 (a): Average age of claimants.................................................................................................1 (b): Proportion of claimants with no insurances.....................................................................2 Q3. Comparison of year's claim data against several industry standards...............................2 (a): Evidence to support argument.........................................................................................2 (b) Evaluation of statement whether it is valid for all parties................................................2 (c) Analysation of difference in proportion of mild or medium.............................................2 d) Data support this proportion...............................................................................................3 e) Analysis between 'SEVERE' claims for claims with a 'MEDIUM' severity......................3 Q.4 Relationship between the speciality of the physician......................................................4 involved, the severity of the claim........................................................................................4 (a): Percentage of SEVERE claims with orthopaedic surgeon is lower.................................4 (b): Average claim amount for SEVERE claim is higher.......................................................4 CONCLUSION................................................................................................................................5 REFERENCES................................................................................................................................6 APPENDIX....................................................................................................................................7
BUSINESS REPORT INRODUCTION This is an analytical reports which is prepared subject to a study in the US news and world report. This case study is based upon cost of medical malpractice in the United states. The United Health Group of America's most outstanding health and insurance provide which collected range of data and wants to understand the dynamics of claims which are paid out for medical malpractice lawsuits. This analytical report is based upon 200 randomly selected claims made this year. Q1: Overall summary This project report is all about discussing cost of medical malpractices in UK which is evaluated as $ 55.6billion in a year. A total of 7.4 percent of every physicians licensed in various parts of US which is having a malpractice claims. Such staggering count is not only contribute to high cost of health care but total size of successful malpractice claims in accounts to high premiums for medical malpractices insurances. This report provide valuable information about various descriptive data analysis about total claim payment amount. The analysis is done by taking take reviews from total 200 randomized claims during the year. The overall project guide as to evaluate proper understanding of results those are helpful in attaining maximum growth opportunities in next couple of years. Q2: Development of a profile of a typical claimant (a): Average age of claimants As per above analysis of a profile of typical claimant following results come across such as: average age of claimants is determined 44.49 years. standard deviation is computed as 17.692 subject to portion of claimants. Median is computed as 45.00 and mode is calculated as 50. variance analysis also done subject to evaluate the aspects of average claimants. Variance is calculated as 312.995 Frequency of gender also computed in respect of male and female. Descriptive statistics also determined subject to claimant ID and age factors. Minimum, maximum mean and standard deviation is also computed. 1
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(b): Proportion of claimants with no insurances Claimants with 'No Insurance' are also defined in this context. There are some essential aspects are defined in this context. Which are calculated in respect of male and female. In total it was summed as 18 and 9. Q3. Comparison of year's claim data against several industry standards (a): Evidence to support argument As per above analysis there is descriptive analysis is done subject to validity. It is calculated that average amount of claim paid has dropped below up to $734757.49 rather than $77500. as the analysis is successfully fulfil the argument. (b) Evaluation of statement whether it is valid for all parties Another analysis of severity which is reported subject to analyse the frequency of 3 claims out of 4 with either 'MILD' or 'MEDIUM'. As per statistical analysis following figures come across such as standard error of mean is analysed as 0.042, maximum range was measured as 3 and minimum range is calculated as 1. Analysis shows following results in respect of MILD and MEDIUM. In MILD case Frequency is measured as 26, Percent is calculated as 13.0 Valid percent is calculated as 13.0 and cumulative percent is calculated as 13.0. in case of Medium frequency is calculated 128, percent is calculated as 64.0 valid percent is calculated as 64.0 and cumulative percent is calculated as 77.0. total results are evaluated on the basis of 200 respondents. (c) Analysation of difference in proportion of mild or medium It is observed from the above calculation table regarding severity gender cross tabulation that criteria of severity is high in female in comparison to male. The criteria of severity in Male is segmented into Mild, Medium and severe. It is calculated as 12 , 48 and 19.. On the other hand, in case of female Mild severity is 14, medium severity is 80 and severe condition is 27.In both male and female, the highest number of patients are affected from medium severity.From the above table of ANOVA, it is observed that significance difference which is achieved in the case of between the group is 0.827. This shows that it is the case of null hypothesis because, it is more than the basic limit of 0.05. There is no significance difference is attained while calculating for within the groups. 2
d) Data support this proportion Descriptive analysis AS an industry standard there are some essential aspects also come across in respect of payment amounts. Descriptive analysis and correlations are measured in respect of Private attorney and the claimant. There are some followings results found by descriptive statistics analysis of Private Attorney such as mean is calculated 1.32, standard deviation present .466 subject to 200 respondents. Descriptive statistical analysis subject to Claimant ID present following results such as mean is computed such as 100.50, standard deviation is calculated as 57.879 subject to numbers of 200 respondents. Correlations This analysis is done in respect of analysing the pairs which remain highly related to each other. As per above given case, there is a correlation is established in respect of Private Attorney and involved with in Claimant ID. Correlation analysis in respect of Private attorneypresents following results such as Person correlation indicates towards 1 and claimant ID as -0.007. significant (2 Tailed ) is found as 0.924. sum of squares and cross products are evaluated as 43.155 for private attorney and -36.500 Correlation analysis in respect of Claimant ID Person correlation is computed as -0.007 in respect of private attorney as 1 is computed as Claimant ID. Significant (2 Tailed) is calculated as 0.952. sum of squares and cross products are defined in this subject -36.500 as private attorney and 666650.000 for Claimant ID. Covariance is computed as -0.183 for private attorney and 3350 for claimant ID. As per above analysis it is evaluated that average claim amount when a private attorney. As per above analysis data do not support the proposition because there is no any significant difference exist between Private attorney and Claimant ID. e) Analysis between 'SEVERE' claims for claims with a 'MEDIUM' severity Group statistics is analysed subject to Private attorney. Mean is calculated as 1.69, Std. Deviation is calculated as .471 and standard error mean is calculated as 0.092 in respect of SEVERE. 3
Group statistics analysis in respect of MEDIUM shows following results as follows; Mean is calculated as 1.27, standard deviation is calculated as .447 and standard error mean is calculated as .040. Q.4 Relationship between the speciality of the physician involved, the severity of the claim (a): Percentage of SEVERE claims with orthopaedic surgeon is lower From the above information, it has been seen that in order to understand positive relationship among speciality of higher for SEVERE claims in accordance with orthopaedic surgeons is much lower than that of other specialists. As per the sample statistics table, it has been found that Severe people categorise in respect to orthopaedic is much lower as compare to other specialist. The data is being taken from 200 sample size of respondents. The total mean of orthopaedic is about 2.1450 with standard deviation of 1.19. This would be analyse that severity has significance difference of .849. Under this particular situation, it has been determine that there is no significance differences in the mentioned table. The alternative hypothesis is being rejected. In order to become positive in relationship they need to be have difference of 0.5. The United Health group has determine that prominent health insurances provider has gathered a wide range of data and wants to formulate a better understanding of their claims those are being paid out for medical malpractice. In case of probability value is much taken into consideration which is lower that other specialists. The effect is statistically important and null hypothesis is not accepted. If the null hypothesis is rejected, then the alternative to null is taken into consideration. The hypothesis that is providing data does not conform and provide relative outcomes in accordance to other specialities. In case of 95% significance level, the results are collected as .635 which is collected by using data from two variables. (b): Average claim amount for SEVERE claim is higher According to the above data which is being presented by taking information from severe and orthopaedic surgeon relationship. In this particular situation, a total average sum of outcomes is being determine by using variable outcomes whether their total claim are much higher as compare to other specialist. If data is included under these situation they are getting 100% of outcomes which is much higher as compare to other valuable specialist those are responsible for delivering better results in accordance with the SEVERE patients. 4
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Some useful analysis is done by using paired differences which has been collected from total mean value of .04500 with standard deviation of 1.33. With 95% of confidence level they are getting .635 of significance differences. It means that there is no any significance difference among those two variable. It means that alternative hypothesis will be accepted. In order to measure regression which is indicating negative outcomes in respect to health care issues that are being faced by SEVERE patients. The orthopaedic surgeons involvement are more higher as compare to other specialist. The total average claim amount for SEVERE is much higher which means that there is positive relationship exists among both of them. CONCLUSION There is a report is prepared on the basis of statistical analysis of dataset information about 200 randomly selected claims made for the year. A detailed analysis and summary reports is prepared in this context. 5
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APPENDIX Descriptive Statistics NMinimumMaximumMeanStd. Deviation Claimant ID2001200100.5057.879 Age20039544.4917.692 Valid N (list wise)200 Private Attorney Claimant ID Private AttorneyPearson Correlation1-.007 Sig. (2-tailed).924 SumofSquaresand Cross-products43.155-36.500 Private AttorneyClaimant ID Claimant IDPearson Correlation-.0071 Sig. (2-tailed)0.92 SumofSquaresand Cross-products-36.500666650.000 Covariance-.1833350 7