Create a consumer tool to select a plan on the health insurance exchange marketplace based on prescription cost and coverage.


Using multiple data-sets containing formularies, pharmacy networks, and pricing data, a tool is possible to allow consumers to perform a more effective cost and benefits analysis based on available plans while considering their current medication regimen as well as further inform patients on drug value and effectiveness.


The challenge is organized into two phases with the goal of producing a mobile or web application for average consumers.

 

Phase I: “Blueprint Stage”

  • The goal of Phase I is to create a compelling strategy. While a submission does not require a functioning product, it should be a blueprint for potentially scalable and sustainable solution to the problem outlined above.


Phase II: “Delivery Stage”

  • The goal of Phase II is to create a fully functional and installed application with the ability to demonstrate effectiveness and financial benefit to its users.


Timeline:

  • Registration Opens: Sunday May 22, 2016 - 11:59pm EST

  • Phase I Deadline: Sunday August 14, 2016 - 11:59pm EST

  • Finalist Determination for Phase II: September 2016

  • Phase II Deadline: Sunday November 13, 2016 - 11:59pm EST

  • Notification to Winners: December 2016

  • Announcement of Winner: TBD


Evaluation Criteria:

  • Conceptual creativity and ingenuity (10%)

  • UI/UX Design (10%)

  • Potential market impact (30%)

  • Sustainable business model (30%)

  • Utilization of available data (formulary data required) (20%)


Submission Requirements:

Phase 1:

  • A summary statement describing your solution (150 characters)

  • A text description of the app or tool as well as what makes it unique (400 words)

  • Mockup (in PDF format or prototyping platform)

  • 10 slides describing market impact and business plan (in PDF format)

Phase 2:

  • A summary statement describing your solution (150 characters)

  • A text description of the app or tool (400 words)

  • A video pitch (5 minutes maximum) describing the application’s utility

  • Link to working application


Prizes:

  • Phase I

    • Finalists (5) - $5,000

  • Phase II

    • First Place - $50,000

    • Second Place - $15,000

    • Third Place - $10,000