$3 Million Prize Offered to Solve Hospital Admissions Puzzle
"By bringing people into industries or having them develop industries that did not exist through incentives like this, I thought that maybe I too could modestly change the world."
There will be an entry fee of up to $400, which a Heritage spokeswoman says is necessary to assemble the database and make sure contestants are serious about the project.
Merkin says the database qualifying entrants will receive includes claims information, lab and pharmacy data, hospitalizations, and diagnostic history for 100,000 real but de-identified patients seen in 2009.
They will then develop an algorithm to predict which patients were hospitalized.
The contestants will not receive information on the patient's race, ethnicity, weight, age, socioeconomic level or geographic area of residence, which makes the job even tougher.
After the contestants have shown the contest judges that they have developed a viable algorithm, they will then be provided information on a second set of patients. This second set, however, will not include information on whether the patients were hospitalized. Then, the judges will see if the contestants' algorithm applied to this second set can accurately predict hospitalization.
- As Medicare Advantage Cuts Loom, Disagreement Over Program's Stability
- Doctors Feel Pressure to Accept Risk-based Reimbursement
- Surgical Checklists Unused in 10% of Hospitals, CMS Data Shows
- Centralizing the Revenue Cycle Protects the Bottom Line
- A Fresh Look at End-of-Life Care
- CA Fines 8 Hospitals for Medical Errors
- 3 in 4 Patients Want E-mail Consultations
- Heart Attack Patient Costs Skyrocket Beyond 30 Days
- ACGME Chief Sees 'Huge' Risk of Error in Proposed Assistant Physician Licensure
- 3 Insider Tips on Cutting Costs without Strangling Growth