ML for Predicting High-Risk Medical Costs

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Generate a complete 19-slide PowerPoint titled 'Predicting High-Risk Medical Cost Clients Using Machine Learning'. Include slides: 1. Title Slide — title, subtitle, team info 2. Why Predict Medical Costs? 3. Project Objective & Task Summary 4. Dataset Overview 5. Business Problem & Target Definition 6. Data Preprocessing Pipeline 7. Key Feature Insights (Before Modeling) 8. Baseline Models Overview 9. Baseline Models Performance 10. Limitations of Baseline Models 11. Ensemble Methods: The Turning Point 12. Boosting Models: The Best Performers 13. Hyperparameter Tuning Lessons 14. Neural Network Model 15. Model Comparison Summary 16. Key Insights 17. Business Implications 18. Conclusion 19. Q&A Use concise English text, professional data science visuals (charts, icons), and a clean corporate blue theme.

ML project predicts high medical costs from 10k+ records (age, BMI, charges). Covers preprocessing, baselines, ensembles/boosting (top performer), NN comparison, insights, and business value for insur

December 20, 20256 slides
Slide 1 of 6

Slide 1 - Predicting High-Risk Medical Cost Clients Using Machine Learning

This title slide is titled "Predicting High-Risk Medical Cost Clients Using Machine Learning." Its subtitle reads "Identifying High-Risk Clients with ML."

Predicting High-Risk Medical Cost Clients Using Machine Learning

Identifying High-Risk Clients with ML

Speaker Notes
Team: Data Science Team | Date
Slide 1 - Predicting High-Risk Medical Cost Clients Using Machine Learning
Slide 2 of 6

Slide 2 - Why Predict Medical Costs?

Predicting medical costs reduces insurer losses and enables proactive interventions. It also optimizes resource allocation and improves patient outcomes.

Why Predict Medical Costs?

  • Reduce insurer losses
  • Enable proactive interventions
  • Optimize resource allocation
  • Improve patient outcomes
Slide 2 - Why Predict Medical Costs?
Slide 3 of 6

Slide 3 - Project Objective & Dataset Overview

The project objective is to predict high medical costs using machine learning for binary high-risk client classification. The dataset includes over 10k records with age, BMI, and charges features, derived from insurance claims data.

Project Objective & Dataset Overview

  • Predict high medical costs using machine learning
  • Dataset: 10k+ records with age, BMI, charges features
  • Target: Binary high-risk client classification
  • Derived from insurance claims data

Source: Insurance claims data

Speaker Notes
Highlight ML prediction goal, dataset scale, features, and binary target for high-risk classification.
Slide 3 - Project Objective & Dataset Overview
Slide 4 of 6

Slide 4 - Data Preprocessing Pipeline

The slide outlines a Data Preprocessing Pipeline workflow with four key steps: handling missing values, encoding categoricals, scaling features, and feature selection. Each step provides a brief description and relevant techniques like mean imputation, one-hot encoding, StandardScaler, and RFE.

Data Preprocessing Pipeline

Slide 4 - Data Preprocessing Pipeline
Slide 5 of 6

Slide 5 - Model Comparison Summary

This slide compares machine learning models by RMSE scores, starting with Logistic Regression baseline at 0.85, followed by Random Forest at 0.72 and Neural Network at 0.68. XGBoost achieves the best performance at 0.65.

Model Comparison Summary

  • 0.85: Logistic Regression
  • Baseline RMSE

  • 0.72: Random Forest
  • Ensemble RMSE

  • 0.68: Neural Network
  • NN RMSE

  • 0.65: XGBoost (Best)
  • Boosting RMSE

Slide 5 - Model Comparison Summary
Slide 6 of 6

Slide 6 - Key Insights & Business Implications

Boosting excels for imbalanced data, early identification saves 20-30% costs, and deployment enables real-time risk scoring. The subtitle urges unlocking ML-driven savings and deployment, followed by Q&A.

Key Insights & Business Implications

• Boosting excels for imbalanced data

  • Early ID saves 20-30% costs
  • Deploy for real-time risk scoring

Q&A

Unlock savings with ML. Let's deploy!

Source: Predicting High-Risk Medical Cost Clients Using Machine Learning

Speaker Notes
Summarize top insights: boosting superiority, cost savings, deployment value. Transition to Q&A.
Slide 6 - Key Insights & Business Implications

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