AHA Innovation Competition: Solution Submission |
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INTRODUCTION
As part of the AHA’s ongoing efforts to support our members’ interest in innovation and transformation, we are excited to announce the inaugural AHA Leadership Summit Startup Competition. This event will support the innovation efforts of our members while giving entrepreneurs the opportunity to showcase their solutions to hospital and health system leaders in attendance. Join us on July 25 at our annual AHA Leadership Summit, as the AHA Center for Health Innovation hosts a startup competition featuring six early-stage companies that have all developed practical, tactical innovations. Each startup will be selected to present in the competition in part by its ability to quantify savings or otherwise demonstrate an ROI for hospitals. To help orchestrate and manage the competition, we are partnering with the Furthur Fund and leveraging its unique screening and vetting process to present the most relevant solutions to attendees.
As part of the AHA’s ongoing efforts to support our members’ interest in innovation and transformation, we are excited to announce the inaugural AHA Leadership Summit Startup Competition. This event will support the innovation efforts of our members while giving entrepreneurs the opportunity to showcase their solutions to hospital and health system leaders in attendance. Join us on July 25 at our annual AHA Leadership Summit, as the AHA Center for Health Innovation hosts a startup competition featuring six early-stage companies that have all developed practical, tactical innovations. Each startup will be selected to present in the competition in part by its ability to quantify savings or otherwise demonstrate an ROI for hospitals. To help orchestrate and manage the competition, we are partnering with the Furthur Fund and leveraging its unique screening and vetting process to present the most relevant solutions to attendees.
PREPARE FOR THE SURVEY:
Because this competition is focused on practical, tactical innovations, companies will be selected based on how well their product or solution aligns with a set of specific criteria. Please review all the questions below and prepare for your answers:
- Provide a brief, clear description of the problem being addressed or the opportunity being pursued.
- Who does it impact, how does it impact, and how frequently does it occur?
- Can you describe and quantify the problem from a from clinical and financial perspective? (We are looking to understand the magnitude of the issue in terms of the cost and patient outcomes)
- Describe the solution at a macro level. What does the product do and what are the benefits?
- Describe the solution at a micro level, including features and functions.
- Explain & quantify the expected impact/ROI of the solution. (i.e., we can reduce _____by X% which would save $X for every surgical case)
- Once implemented, how quickly would you expect to see results/impact?
- Describe at a high level, how the solution gets implemented/operationalized.
- What effort or expense is required by the customer to implement?
- Are there any known limitations of the solution? (i.e., it only works with one EMR or requires that customers have certain capabilities or software)
- Is the product currently in use, or has it been tested/piloted, at a hospital or health system? If so, please describe the where and what the results were.
- If a hospital or health system were interested in a pilot, is there a way to test the solution on a small scale?
a. If yes, what is the ideal setting?
b. What would you be hoping to demonstrate and over what span of time? - Is the product/solution already built and functional?
- Has the company has received any outside funding? If yes, how much and what was the source of funding?
- Does the company have any protected or protectable IP?
- Do any of the founders work at or with a hospital? If yes, where?
- Provide a brief bio of the founder/CEO and other members of the team.
- How did you hear about this startup competition?
When you are prepared, please select "Next" below to complete the entire survey. It consists of four sections and 18 total questions.