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Harvard Health Acceleration Challenge Finalists Unveiled

by HITC Staff 11/21/2014 Leave a Comment

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HEALTH ACCELERATION CHALLENGE FINALISTS

Harvard Business School and Harvard Medical School has announce four finalists of the Health Acceleration Challenge. The selected finalists will share the $150k Cox Prize that includes an HBS case study written about their innovation and have the opportunity to present at the Forum on Health Care Innovation conference to 150 senior health care executives next April.

Health Acceleration Challenge Overview

The Health Acceleration Challenge is a “scale up” competition that focuses on compelling, already-implemented health care solutions and helps them to grow and increase their impact through powerful networking and funding opportunities.

Finalists

Here are the four finalists:

1. Bloodbuy – Keep the Blood Flowing

Bloodbuy

Blood is the core commodity of healthcare. It fuels the care delivery models of every major service line within our acute care facilities. Yet, the market structure for blood in the U.S. is severely fragmented and fraught with inefficiency. This gives rise to frequent spot shortages and massive price variations from region-to-region.

Bloodbuy’s cloud-based platform addresses the uneven geographic distribution of available blood supply in real-time, and enables price transparency by publishing cost averages and other key market indicators. Our web application facilitates enhanced interconnectivity and information exchange, which drive greater efficiency.

The result is systemwide cost savings, increased access and reduced waste.

2. I-Pass – High Reliability Communication for Better Patient Handoffs and Safer Care

I-Pass

The I-PASS Handoff Process is a multifaceted approach to improve the exchange of information among health care providers and has been associated with a 30% reduction in injuries due to medical errors in 9 hospitals. Medical professionals transmit vital information at every change of shift, and whenever a patient changes locations. In fact, communication errors have been found again to be the leading cause of serious adverse events in hospitals. The I-PASS Handoff Curriculum includes teamwork and communication training, simulations, a mnemonic to standardize handoffs, oral and written handoff improvements, faculty engagement tools, and an institution-wide sustainment campaign. Implementing I-PASS requires a transformational change effort.

3. Medalogix -Better quality of Life at the End of a Patient’s Life

Medalogix-logo-for-gallery-FIXED

People aren’t dying the way they want to in America. Although 80% say they’d prefer to die at home, surrounded by loved ones, far away from needles and breathing tubes, only 25% get their wish. Not only is this terrible for patients and their families, it’s also costing healthcare billions. In 2011, Medicare spent 28%, or about $170 billion, on patients’ last 6 months of life—and much of the spend did not extend patients’ lives and in many cases, shortened it.
 
Medalogix has developed a technology, Medalogix Bridge, which leverages predictive analytics to identify hospice eligible patients. Once identified, Bridge incorporates a workflow that helps clinicians better manage patients through the hospice decision and transfer process.
4. Twine Health – Collaborative Care Platform – Empowering Patients through Apprenticeship

Twine Health

Patients are frustrated with receiving paternalistic orders and conforming to clinic schedules. Clinicians are overwhelmed trying to improve outcomes. Twine is a cloud-based collaborative care platform (iOS, Android, Web) that aligns patient and clinician values through the model of apprenticeship. Patients co-create plans with clinician coaches and receive virtual support that blends into their busy lives.The apprenticeship model has been validated through 6 years of research at the MIT Media Lab with unparalleled improvements in hypertension care: 3x better outcomes at ⅓ the cost. Twine is now live in 6 practices with even more impressive results. The goal for 2015 is to support the spectrum of chronic care in hundreds of practices.

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Tagged With: Bloodbuy, Health Acceleration Challenge, I-Pass, Medalogix, Twine Health

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