Improving Health via Analytics and a Competition
April 14, 2011
We have been poking around in health care information for about eight months. We have an exclusive briefing that covers, among other things, what we call the “shadow FBI.” If you are curious about this shadow FBI angle, shoot us a note at seaky2000 at yahoo dot com. One of the goslings will respond. While you wait for our return quack, consider the notion of a competition to improve health care information in order to make health care better.
Competition promises better health care stated:
The goal of the prize is to develop a predictive algorithm that can identify patients who will be admitted to the hospital within the next year, using historical claims data.
According to the latest survey from the American Hospital Association more than 70 million people in the United States alone will be admitted to a hospital this year. The Heritage Provider Network believes that they can change all of that. The HPN will be holding a two year competition that will award $3 million dollars to the team that can create an algorithm that accurately predicts how many days a person will spend in the hospital over the next year.
An algorithm that can predict how many days a person will spend in the hospital can help doctors create new more effective care plans that can help “nip it in the bud” if there are any causes for concern. If possible the algorithm could help to lower the cost of care while reducing the number of hospitalizations.
This will result in increasing the health of patients while decreasing the cost of care. In short, a winning solution will change health care delivery as we know it – from an emphasis on caring for the individual after they get sick to a true health care system.
HPN believes that an incentive based competition is the way to achieve the big breakthroughs that are needed to begin redeveloping America’s health care system.
Leslie Radcliff, April 14, 2011
Freebie
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