Navigation Links
Dr. Richard Merkin, President and CEO, Heritage Provider Network, Featured on Fox Business News, Bulls and Bears with Liz Clayman and David Asman, Revealing Challenge of $3 Million HPN Health Prize, Saving $30 Billion in Health Care Costs

MARINA DEL REY, Calif., Dec. 8, 2010 /PRNewswire/ -- Dr. Richard Merkin, President and CEO, Heritage Provider Network was featured on Fox Business News, Bulls and Bears with Liz Clayman and David Asman revealing HPN's new challenging $3 million Health Prize to save $30 billion in hospital health care costs.

"We want in on that," Clayman told her audience on "Bulls and Bears," as she introduced Dr. Merkin.

The HPN Health Prize is designed to foster innovative competition through technology engaging individuals and teams to reduce the $30 billion spent in preventable and avoidable hospital stays in the US using analytics and predictive modeling.

"If we can predict the outcome of illness, then we can work to prevent it," Dr. Merkin told Clayman. "And if we can work to prevent it, we can personalize the health care and make it participatory, the four p's, we can go a long way toward better overall health care for individuals while saving billion of dollars," continued Dr. Merkin.

Earlier in the day, Dr. Merkin announced the details of the competition for the compelling HPN Health Prize in a press conference at the Press Club in Washington, DC. Participants in the Health Prize challenge will be given a data set comprised of the de-identified medical records of 100,000 individuals who are members of HPN.  The teams will then need to predict the hospitalization of a set percentage of those members who went to the hospital during the year following the start date, and do so with a defined accuracy rate.  The winners will receive the $3 million prize, which is larger than the Nobel Prize for Medicine.

Joined by Dennis Smith, former Director of the Center for Medicaid and State Operations, Dr. Merkin emphasized the need for young, bright whiz kids who fostered and developed creative, innovative internet opportunities to do the same for health care. "Through data mining and predictive modeling we will bring innovative thinking to health analytics that may allow us to solve at least part of the health care cost conundrum," he said.  "Incentivized competition -- one that includes the involvement of those with passionate minds that don't know what can't be done -- is the best way to achieve the radical breakthroughs and innovations necessary to reform our health care system."

"We need innovative thinking to solve one of the biggest dilemmas of our time -- ever-rising health care costs. The Health Prize is an example of what the private sector is willing to do to encourage that type of thinking," said former HHS Secretary Mike Leavitt, supporting the HPN Health Prize.

"Americans spend nearly 20% of their family budget on health care and that's too high for me," said Dr. Merkin. "Hopefully we can challenge bright, smart minds to predict how to bring those numbers way down, save families money, create new jobs in this sector while keeping us healthier."

For more information, and details regarding the HPN Health Prize, visit

About HPN:

Heritage Provider Network, Inc. (HPN) is on the cutting edge of the accountable care model of health care delivery: coordinated, patient-doctor centric, integrated health care systems that represent the future of health care in the United States. HPN develops programs and services that are responsive to the health care needs of today's patient. HPN designs its networks to offer patients a comprehensive range of medical care in convenient locations.  It organizes and manages medical groups and independent practice associations, integrating with hospitals and ancillary care providers. This system represents a workable, successful business model that has been duplicated with medical groups, IPAs and medical facilities throughout California.  HPN is dedicated to quality, affordable health care and putting patients' wellness first.

SOURCE Heritage Provider Network, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. CNBC, Discovery Channel and National Geographic to Cover Dr. Robert Melamede and Richard Cowan of Cannabis Science Whom are Speaking at The Marijuana Conference in New York City on Oct. 25 & 26
2. Cempra Pharmaceuticals Names Richard Kent, M.D., to Its Board of Directors
3. Richard B. Brewer Joins Nile Therapeutics as Executive Chairman of the Board of Directors
4. PartsSource Bestowed 2010 Richard Shatten Civic Distinction Award
5. Cylex(TM) Elects Richard A. Sandberg as Independent Director
6. Heritage Provider Network, Dr. Richard Merkin, Comes to the Aid of Chilean Earthquake Victims
7. Richard Woodyard, Vice President of Sales at eCardio, Loses Fight Against Cancer
8. CooperVision Adds Global Professional Relations Role; Richard Clompus Joins Company as Vice President
9. Sleep Solutions, Inc. Names Richard Hassett, M.D., New CEO
10. VitaminSpice Appoints Dr. Richard F. Seelig as Director
11. HealthCare Partners, IPA, Dr. Richard Merkin, CEO, Recognize Seniors Taking Their Healthcare Concerns Directly to Lawmakers in Washington, DC
Post Your Comments:
(Date:11/26/2015)... 26, 2015 ... of the  "2016 Future Horizons and ... Surface Testing Market: Supplier Shares, Competitive ... offering.  --> ) ... "2016 Future Horizons and Growth Strategies ...
(Date:11/26/2015)... 26, 2015 ... of the  "2016 Future Horizons and ... Drug Monitoring (TDM) Market: Supplier Shares, ... Opportunities"  report to their offering.  ... the addition of the  "2016 Future ...
(Date:11/26/2015)... 2015 ) ... "Radioimmunoassay Market by Type (Reagents & Kits, ... Clinical Diagnostic Labs), Application (Research, Clinical Diagnostics), ... report to their offering. --> ... of the "Radioimmunoassay Market by Type ...
Breaking Medicine Technology:
(Date:11/26/2015)... ... November 26, 2015 , ... ... eReferral system for diagnostic imaging in the Waterloo region. Using the Ocean Platform, ... Medicine tests directly from their electronic medical record (EMR) without the need for ...
(Date:11/26/2015)... ... November 26, 2015 , ... PRMA Plastic Surgery is ... 2015, our surgeons performed their 6,000th free flap breast reconstruction surgery! , “What an ... every day excited to rebuild lives and it’s an honor to have served all ...
(Date:11/26/2015)... ... November 26, 2015 , ... Indosoft Inc., developer and distributor of the ... to improve system efficiency and reliability. , The new Q-Suite 6 platform is based ... system avoids locking itself into a specific piece of software for many key components ...
(Date:11/25/2015)... ... , ... Finnleo, a leader in the traditional and far-infrared sauna industry, announced ... saunas. , For traditional saunas, Finnleo is offering 20% off all ... Finnleo uses only European Grade A Nordic White Spruce from sustainably grown trees. Because ...
(Date:11/25/2015)... ... 26, 2015 , ... Ministers, senior government and UN agencies, ... Centres of Excellence, and public R&D institutions, civil societies and other partners gathered ... 5th African Network for Drugs and Diagnostics Innovation, ANDI, Stakeholders Meeting. The three- ...
Breaking Medicine News(10 mins):