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$3 million Prize: Predictive Analytics Stars Needed... - TIBCO Spotfire Community

$3 million Prize: Predictive Analytics Stars Needed...

Last post Wed, Mar 23 2011 4:09 PM by Amy. 0 replies.
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  • Wed, Mar 23 2011 4:09 PM

    • Amy
    • Top 200 Contributor
    • Joined on Wed, Nov 18 2009
    • Posts 12

    $3 million Prize: Predictive Analytics Stars Needed...

    Hi, Spotfire Community Members -

    The Heritage Provider Network is offering a $3 million prize to the team that can come up with the best and most accurate solution for discovering knowledge in patient healthcare data that can prevent hospital stays and reduce healthcare expenses.

    The Heritage Health Prize competition officially begins April 4, 2011. Teams will have access to three years of non-identifiable healthcare data for thousands of patients. The data will include outpatient visits, hospitalizations, medication claims and outpatient laboratory visits, including some test results. The goal of the contest is to use data mining and predictive analytics to develop the most accurate model for predicting which patients get hospitalized, so that healthcare providers can take proactive steps to prevent hospitalizations for high-risk patients. This will not only save money but will also improve patient quality-of-life. Heritage is hoping that contestants will bring unique perspectives and innovative approaches to analyzing the healthcare data in order to unlock the knowledge it contains about patient hospitalizations. The American Hospital Association estimates that more than 71 million people are admitted to the hospital each year, and that $30 Billion is spent on unnecessary admissions.

    Two years ago, Netflix held a similar contest that challenged teams to devise a more accurate system for predicting which movies an individual customer would like best. In 2009, a global team of seven members consisting of statisticians, machine-learning experts and computer engineers was awarded the $1 million contest prize and Netflix replaced its legacy recommendation system with the team’s new algorithm.

    Maybe you have interest in applying Spotfire to this problem and winning the cash prize?  For full details on the contest, visit: http://www.heritagehealthprize.com/

    If you need a refresher on predictive analytics, join us this Friday, March 25th at 11am ET for our complimentary webcast “Predictive Analytics with Spotfire”: http://spotfire2.tibco.com/l/5772/2011-03-09/4KTE

    Good luck!

    Amy

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