Heritage Provider Network, a large multi-specialty network of group practices serving much of southern California, has launched a competition with a $3 million prize to develop a more accurate way to predict the likelihood of an individual's future hospitalization.

The industry spends more than $30 billion a year in unnecessary hospital admissions, says Richard Merkin, M.D., president and CEO of HPN. The competition is designed to spur participation by data analytics professionals. The goal is that the competition will bring innovative thinking to health analytics, he adds.

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