In an attempt to solve some of the biggest challenges facing healthcare today, Accenture launched the Accenture HealthTech Innovation Challenge. Their goal is relatively simple: they hope to utilize the newest tech innovations that have been created by early start-up businesses, and merge them with those of influence already established within the industry.
Start-up companies can submit their entries to four different categories, all of which target a distinct sector of healthcare. Applicant’s entries must address one of the following quandaries:
Healthcare Access – Is there a way to better support populations that are not receiving adequate or proper care?
Faster, Improved Outcomes – Is there a way services can work more succinctly for individuals? Does evidence/data exist that can be used to improve outcomes in healthcare?
Health Management – Is there a way to better ensure that patients and providers receive the right care, exactly when they need it? What ways can healthcare better relate to the lifestyle of individuals?
Healthcare Information – Is there a way to more securely share information? Are there better systems that can be utilized to keep an individual’s information private without restricting their chances of optimal care?
Finalists in each category will pitch their solution to an exclusive panel of judges that represent some of the most established science and health companies. Thus, those who already have agency within the industry will be able to see the most worthwhile innovations from those who would benefit from their spectrum of influence and experience. It’s a win-win.
Not only will the strongest applicants gain exposure, they’ll also have the chance to participate inStartUp Health’s Launchpad.
“This program aims to help healthcare startups advance their business agenda and infuse fresh ideas across the system to improve patient care, said Brian Kalis, managing director of digital health at Accenture. “We forecast that start-up funding for digital healthcare, such as wearables and virtual health, will reach $6.5 billion by the end of next year.”
No doubt, the end result will bring promising changes to a vital, but at times stagnant, industry.
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