Last week I blogged about the Healthcare X PRIZE, a contest designed to help improve the value of our healthcare system. Timelines in healthcare move slowly. Drug development is slow. Our personal health evolves slowly. And the culture of medicine can be reluctant to embrace change.
The Healthcare X PRIZE, however, spans only three years. It may take months (years?) to figure out if your team’s strategy is working or not. If it isn’t working by year one, have you already lost? Assuming that each team has one shot at a strategy, what does this mean when it comes to choosing the five finalists who get to compete? The organizers have outlined their process for selecting the teams, including using predictive modeling in the Concept phase and demonstrating real-world applicability in the Pilot phase. They don’t give much detail on how the five teams will be chosen after that point, but I hope they would consider strategic variety across teams, to increase the chance of a winner.
I wonder what Steven Levitt would think about the contest design…
Related posts:
- Blog rally for the Healthcare X PRIZE
Healthcare X PRIZE: Competition timescale and the choice of finalists
Last week I blogged about the Healthcare X PRIZE, a contest designed to help improve the value of our healthcare system. Timelines in healthcare move slowly. Drug development is slow. Our personal health evolves slowly. And the culture of medicine can be reluctant to embrace change.
The Healthcare X PRIZE, however, spans only three years. It may take months (years?) to figure out if your team’s strategy is working or not. If it isn’t working by year one, have you already lost? Assuming that each team has one shot at a strategy, what does this mean when it comes to choosing the five finalists who get to compete? The organizers have outlined their process for selecting the teams, including using predictive modeling in the Concept phase and demonstrating real-world applicability in the Pilot phase. They don’t give much detail on how the five teams will be chosen after that point, but I hope they would consider strategic variety across teams, to increase the chance of a winner.
I wonder what Steven Levitt would think about the contest design…
Related posts: