2009-12-31

Healthcare X PRIZE

American health care system requires fundamental transformation
to meet the needs of the nation.
An Initial Prize Design for a proposed $10+ Million Healthcare X PRIZE
was announced on April 14, 2009 by the X PRIZE Foundation, WellPoint, Inc.
and the WellPoint Foundation.
This first-of-its kind competition will focus on
reinventing the health care system in a bold, measurable and scientific fashion
to catalyze dramatic improvements in health and health care value
in the United States.
The Grand Challenge for the Healthcare X PRIZE is to create
an optimal health paradigm that empowers and engages individuals and
communities in a way that dramatically improves health value.
The proposed prize is designed to improve health value by more than 50 percent
in a 10,000 person community during a three year trial.
In order to effectively compete for this prize,
teams will need to fundamentally change health financing, care delivery,
and create new incentives that will result in
achieving the required improvements in health value
for both individuals and communities.

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