Henry Ford Health System – Artificial Intelligence in Healthcare Challenge
Advances in Machine Learning represent a future in which algorithms and software have the potential to analyze and interpret complex medical data better than doctors. In advanced countries and emerging economies, Artificial Intelligence (AI) has been proven to improve quality, reduce cost and deliver personalized outcomes. Henry Ford Health System seeks Israeli startups with the skills and capacity to leverage our unique assets, including a repository of longitudinal population health data, to build best-in-class AI/ Machine Learning tools. We invite Israeli startups meeting the requirements for Eligibility in the Official Rules to participate in the Henry Ford Health System Artificial Intelligence in Healthcare Challenge.
There are three challenge areas:
The lack of trained healthcare professionals is acute. By 2030, the United States, which leads the OECD per capita in proportion of doctors to population, faces a shortage of more than 100,000 physicians. Diagnostic devices and tools leveraging machine learning algorithms to passively interpret patient well-being, can supplement skilled healthcare professionals.
- Decision Support
Five percent of the US population accounts for 50% of cost. In many cases, these high-risk patients can be identified earlier through blood tests and other screening tools. However, most Americans avoid these proactive steps. Integrating Henry Ford Health System’s extensive datasets of population health records, we are looking to work with growth stage companies to accelerate development and commercialization of viable, data-driven, patient-level, predictive tools to passively flag individuals and sub-populations at risk.
- Improved Quality
Hospital Error is the third leading cause of death in the US. In many cases, machine learning can identify and interpret data patterns to significantly improve process, quality and outcomes. These tools could be developed, tested, piloted and validated using the Henry Ford Health System network and resources.
Winners will receive the following:
1. Funding up to $75,000 to be used for product development with the Henry Ford Health System in the HFHS clinical environment
2. Access to notable mentors and subject matter experts across a variety of fields
3. Market introduction and project support for licensee companies.
For its intellectual property licensed through the project, HFHS will receive consideration in the form of equity, royalties, and/or fees.