Calling all campus innovators to identify problems to solve and potential innovative solutions with a focus on data and analytics.
Potential for mentorship, industry connections, and cash prizes!
We are offering campus innovators an opportunity to learn about challenges in healthcare, build skills, make industry connections, connect to other campus innovators with similar interests, and explore innovation in digital health.
No experience is required to participate, students interested in the Challenge will receive access to resources on digital healthcare and the healthcare industry.
Why Participate in the Challenge
Learn about key challenges in the healthcare industry
Connect with industry professionals
Develop new skills and build your resume
Make new connections with other campus innovators
Compete for up to $2,000 in cash prizes
Join us for the Challenge Showcase, July 1, 4:30pm ct.
The primary objective of the Health Tech Innovation Challenge is to develop presentations that demonstrate problem-solution fit to address key challenges in healthcare to improve patient care and improve cost of care associated with one of the Challenge Focus Areas.
Challenge Focus Areas:
Personalized and integrated experience to consumers:
A consumer-focused solution with integrated, digital components.
Enhance provider productivity:
A solution that creates greater efficiency in workflow, improves a manual process, caregiving, etc.
Engage formal and informal caregivers:
A solution that incorporates caregiving aspects such as: medication management, therapy, remote monitoring.
Improve outcomes and affordability of care:
A solution that impacts the effectiveness of care or lowers the cost of care.
Health Tech Innovation Resource Library
This spring industry experts and healthcare leaders presented on the challenges and opportunities with innovating in the healthcare industry. Recordings and additional information are available to Challenge participants.
Opportunities for Technology Innovation in Healthcare
This panel featured subject matter experts and healthcare professionals from local and nationwide companies. Their discussion focused on discussing the opportunities for technology innovation in healthcare and also the barriers to innovation.
Panelists: Thomas Yen - Sr. R&D Manager, User Experience Design at BD - Integrated Diagnostic Solutions and Michael Grall, President and CEO, Talus Solutions
Reminders for Healthcare Tech Solution Providers:
- Problem and solution identification in healthcare needs to happen in the real world
- Focusing on user experience creates competitive advantage for businesses and care providers
- Solutions should always focus on lowering the cost of care and include a revenue model
Integrating Clinical and Administrative Data: Challenges and Opportunities
Featured information on integrating clinical and administrative data into usable tools and resources for healthcare providers and the challenges and opportunities for innovators in this space.
Speaker: Jennifer Mueller, Vice President and Privacy Officer at Wisconsin Hospital Association
Key Challenges Faced by Healthcare Providers:
- Changing consumer expectations and behaviors around provider care and data
- Aging population and lagging population growth
- Aging workforce as baby boomers retire in record numbers in the coming years
- Workforce shortage with lack of new healthcare staff entering the workforce at a rate comparable to looming the retirement population
- Provider burnout from documentation and lack of care team support (see workforce shortage)
- Under-utilization of technology and data integration to relieve burden and create efficiencies in care
Key Opportunities for Healthcare Providers:
- Value-based care models for patient-centric care, including transparency in care to better communicate with patients
- Increased efficiency in documentation to reduce provider burden and time spent away from patients
- Automation of prior authorizations to speed up the time between care procedures and reduce healthcare staff burden
- Integration of telemedicine, remote patient monitoring, and virtual care into healthcare models and data flow
Video Presentation References
Here are a few examples from the Dairy Innovation Challenged hosted in Fall 2020 you can use to help structure your own video submission:
Health Tech Innovation Challenge Requirements
Participants will create a 5-minute video presentation that:
Identifies a solution that addresses at least one of the Challenge Focus Areas
Participants will identify a potential solution that focuses on one of the Challenge Focus Areas. Participants may receive some assistance in identifying the right idea from mentors.
Identifies the Gap Area, Competitive Landscape, Key Differentiator, and Value Proposition
- What gap in the healthcare industry does the proposed solution aim to address?
- Who are the key stakeholders or target market?
- Are there other competitors in that space?
- Their Offering
- Their Differentiation
- Their Target Market
- What is the proposed solution’s key differentiation and value proposition?
- How does this solution stand out compared to competitors, and what does it offer that is unique for the end user?
Identifies the Desirability, Feasibility, Viability of the Solution
Desirability: A solution the end user really needs.
- Define your end-user
- Does the proposed solution solve for the right pain point?
- Does it address the task/gap/taste/style the end user desires?
Feasibility: A solution that builds on the core strengths of the healthcare industry, or an identified partner’s operational capabilities.
- Address the question: How can this solution be built to make the industry healthier and stronger?
Viability: A solution that contributes to long-term growth and sustainability.
- Does the business model fit the way customers or end users want to use or pay for the solution?
- Is the solution profitable?
- How does it contribute to the community and the healthcare industry?
- What is the impact of the proposed solution? Does it accomplish its goal?
- Was a data analysis conducted to tease out the potential of the proposed solution?
- What supporting evidence can be presented to support the claim of the proposed solution?
Final Submission Requirements:
Submissions are due by midnight CT on June 28.
Cash Prize Categories
A judging panel will use Challenge criteria to assess best solutions and award cash prizes. Categories for the Challenge include:
Focus on Early-Stage: Best Articulation of Problem to Solve and Solution Identification
Best ideation and presentation of problem-solution fit.
Focus on New Product: Best Articulation of Problem and Solution
Best ideation and presentation of problem-solution fit with work plan or demonstration of solution.
Focus on Student Innovation
Best student-driven idea and presentation.
Each Thursday, 6:00-7:00 pm CT, we will hold live working sessions for you to hear from guest speakers about real-world pain points, ask questions or to meet with mentors. These sessions are not mandatory but will be helpful to inform your work during the Challenge itself.
|Week of:||Milestone / Weekly Goal:||Activity:|
|May 17||Challenge Kick Off||Participants & Mentors: Attend the kick off meeting for introductions.|
|May 17||Identify the gap area, begin competitive landscape research, and begin identifying the key differentiator, and value proposition.||Participants: Conduct their own research to identify the industry gap their project addresses, the competitors in the space, and the key differentiator of the proposed, new solution and its value proposition.
Mentors: Assist participants in identifying the gap area, and their key differentiator, and value proposition based on their competitive landscape research.
|May 24||Answer the questions around desirability, feasibility, and viability (DFV). *Drop Out Deadline for Competing in the Challenge*
Participants no longer interested in participating in the Challenge are asked to contact Lacie by May 31.
|Participants: Answer the questions concerning desirability, feasibility, and viability. What additional research needs to be done to address these areas?Does the solution need additional resources?
Mentors: Assist participants in determining the answers to the desirability, feasibility, and viability questions.Challenge participants to uncover why their solution may/may not be DFV.
|May 31||Outline the hypothesis and begin data collection and analysis.||Participants: Outline the hypothesis and data analysis to be run in relation to the proposed solution. Determine the resources (data sets, tech, etc) necessary to run the tests.|
|June 14||Mid-Point Check-In and TroubleshootingParticipants will meet with their mentors to determine their progress and discuss the final presentation.||Participants: Assess what additional research is left to be done before the project is due. Mentors: Discuss with participants their progress on the project, assist in outlining the remaining work to be done.|
|June 21||Continue data analysis to build the supporting evidence for the proposed solution.
Begin building out the presentation.
|Participants: Continue to develop the supporting evidence and begin drafting the final presentation.
Mentors: Assist participants in developing their supporting evidence.
|June 28||Finish recording and submit the presentation.||Participants: Draft presentation of the finished project.
Reminder: Presentations are due on June 28 at midnight CT.
|June 29-30||Judging||Mentors and industry professionals will be invited to a judging session.|
|July 1||Virtual Challenge Award Ceremony and Presentations||Participants: All participants are invited to attend the Award Ceremony, some videos may be streamed to a live industry audience and the winners of the Challenge will be announced.
Register here: https://www.eventbrite.com/e/health-tech-innovation-challenge-showcase-tickets-153497965547
About Hyper Innovation
Hyper Innovation is a Madison-based innovation agency that bridges the gap between complex, real-world problems to solve, and innovative, executable solutions to drive growth and value.
The Hyper Innovation Digital Health Simulator™ is a turnkey resource for pressure testing new digital health solutions. The Simulator includes machine learning, simulated EHR environments, and robust de-identified data sets and can be used as a sandbox for developing and testing solutions.