4. HENRY FORD HEALTH SYSTEM
7 hospitals with over 40 specialties
93,000 admissions and 3 million patient contacts
annually
2011 Baldrige Award winner for quality
2,100 beds and 1,200 employed physicians
Comprehensive integration and wholly owned insurer
500 residents and $70M in annual research
5. HENRY FORD INNOVATION INSTITUTE
Leveraging Henry Ford’s intellectual
assets to commercialize concepts
drawn from:
Mission Based
Employees
Companies
Community
6. DIGITAL SOLUTIONS TO READMISSIONS
Targeting innovators
across the globe
5 finalists each awarded
a $10,000 prize
Finalists compete for an
investment of seed capital
and commercialization
support
8. SEED CAPITAL
• Up to $100k for technology development
– Delivered in tranches aligning to milestones
• 3 potential forms of investment
– Convertible debt
– Equity
– License
10. DEVELOPMENT SUPPORT
• Up to 9 months of support
– Aligned with milestones
• 15 hours/month of HFII staff support
• In-kind support from legal, technical, and insurance partners
• Expertise in:
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Early stage development
Solution pilots
Healthcare delivery & payment models
Commercialization/licensing
Strategy
Sales & marketing
Growth capital
14. ROUND 1: SUBMISSION REQUIREMENTS
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Product should be website, mobile, app, portable medical device, or other digital platform
•
10 slide pitch deck explaining the proposed solution, including:
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Problem statement
Target users
Example use cases
Development plan
Marketing plan
Business model
Team profile
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3 minute video explaining or demonstrating solution
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2 page Executive Summary
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Core team resumes
15. ROUND 1: EVALUATION CRITERIA
• Innovation and unique qualities of application
• Potential to reduce readmissions
• Usability and design of solution
• User appeal and potential for widespread adoption
and scale
• Degree of development of application (prototype
vs. polished product)
• Potential of partnership and future work with HFII
17. FINALISTS: SUBMISSION REQUIREMENTS
• Written overview of Development Period
proposal
• Development Period budget
• Development Period proposal slide deck
(10 Slides)
18. FINALISTS: JUDGING CRITERIA
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Development Period proposal and design
Product innovation capabilities and design
Alignment to HFHS/HFII assets
Potential to reduce readmissions
Cost effectiveness, market potential,
sustainability of business model, and
scalability of product
• Team experience and strength of match
19. FINALISTS: JUDGING EVENT
• Live judging conducted at Henry Ford
Innovation Institute or via video
(international)
• Panel of 5-10 expert judges
• Submission materials reviewed ahead of
live session
• 10 minute live pitch, with AV support