Predictive Analytics: Merging Innovation & Business Operations

Predictive Analytics: Merging Innovation & Business Operations

The Office of the Assistant Secretary for Financial Resources seeks to leverage the field of predictive analytics to generate predictive risk models to proactively manage grants across HHS Operating and Staff Divisions.

The Department of Health and Human Services (HHS) is the largest grant making agency within the federal government, awarding approximately 60% of all federal grants annually. Despite the size of its grants portfolio, HHS has not fully utilized cutting-edge technology to comprehensively and systematically collect, integrate, analyze, and leverage available grants data for monitoring, compliance, and evidence-based decision making.

Lead by the Office of the Assistant Secretary for Financial Resources, this project proposes a new approach to assess risk using predictive analytics to shift the current paradigm from reactive to preventive analysis, and reduce program vulnerabilities. Use of predictive analytics to manage the HHS grant portfolio will reduce fraud, waste, and abuse. The results of this project will have a broad impact for multiple HHS Operating and Staff Divisions and potentially for other grant-making federal agencies.

INTERNAL ENTREPRENEURS
Roberta Griffith, Office of the Assistant Secretary for Financial Resources
Anna Calcagno, Office of the Assistant Secretary for Financial Resources
Wesley Barker, Office of the Assistant Secretary for Financial Resources

EXTERNAL ENTREPRENEUR
TBD

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