Objectifi joins the leaderboard in $3 Million Data Mining Contest

How can predictive modeling save lives?

More than 71 million individuals in the United States are admitted to hospitals each year[1], with $30 billion spent on unnecessary admissions. Dr. Richard Merkin, President and CEO of Heritage Provider Network, set out to improve the healthcare of all Americans while lowering the cost of care for the average family. Believing that incentivized competition is the best way to achieve the radical breakthroughs necessary to begin fixing America’s health care system, he created the Heritage Health Prize Competition and challenged industry leaders to build an algorithm that uses available patient data to predict and prevent unnecessary hospitalizations.

Of the 748 teams competing, Objectifi is proud to announce that we are currently holding 8th place. “We built and evaluated 1000+ predictive models, applied 50+ attributes transformations and examined 20+ advanced learning algorithms in just 6 months!” (Dr. Saed Sayad). Not even half-way through the two year competition, we have a long way to go yet, but are confident that we have some of the brightest minds in the industry on our team, led by Dr. Saed Sayad. To help solve real world problems like the those facing the Heritage Provider Network, Objectifi uses industry leading data mining tools including Oracle R, Oracle Real Time Decisions (RTD), Oracle Data Mining (ODM) and others.

If successful, the winning algorithm would help identify earlier those most at risk and ensure they get the treatment they need, by predicting how many days a patient will spend in a hospital in the next year. Health care providers can then develop new care plans and strategies to reach patients before emergencies occur, increasing the health of patients while decreasing the cost of care.

The $3 million prize is being awarded by Heritage Provider Network. As one of the largest networks of physicians in the world, Heritage Provider Network provides healthcare for approximately 700,000 Californians, by connecting patients with physicians, specialists, and hospitals.

Check back soon for an interview with Dr. Saed Sayad to learn more about the competition, and how Objectifi is changing the future of the American healthcare system.

To learn more about the contest, please visit http://www.heritagehealthprize.com.

To learn more about Objectifi, please visit Objectifi.com.

[1] According to the latest survey from the American Hospital Association, http://www.heritagehealthprize.com/c/hhp/Details/FAQ

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