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Interested in learning more about Healthcare PRISm? Here you'll find additional details, guidelines, and answers to common questions. Simply click on the questions below to learn more!
Interested in learning more about Healthcare PRISm? Here you'll find additional details, guidelines, and answers to common questions. Simply click on the questions below to learn more!
Who can apply?
Who can apply?
Teams of 2 to 4 students
Teams may be comprised of 2, 3, or 4 student members. All team members must be currently enrolled in a healthcare management graduate program.No program limits
Participating schools or programs can submit entries from as many teams as are interested. Further, there are no restrictions on the number of entries that may be selected and invited for the competition for each school or program (i.e., multiple teams from a particular school or program may be selected for invitation to compete in Healthcare PRISm Pitch Competition).Graduate student-focused
Healthcare PRISm is currently limited to students enrolled in healthcare management graduate programs (e.g., MHA, MPH, MBA with healthcare concentration). Participating students must not have completed their programs prior to the competition date. Each entry must be the original work of the students who comprise the team.Existing companies and startups are not eligible
Healthcare PRISm is not intended for concepts that have already launched as a business, even if that business is being led by a current student.How do I apply?
How do I apply?
Intent to Participate
Teams interested in participating in Healthcare PRISm and planning to submit an application should first complete the "Intent to Participate" form, which is nonbinding and can be accessed here. Teams should also carefully read through each of the details and guidelines shared in this page.Deliverables
Each team should prepare two items to be submitted as part of their application to Healthcare PRISm:- A one-page executive summary (PDF or Word) explaining their identified problem and solution; and,
- A completed application form (access the application form here).
To apply, individual teams should submit their items to hcad@trinity.edu.
Application Form
The Healthcare PRISm application form is based upon the framework of the Lean Canvas, a simple business plan template that helps innovators easily identify and think through their problem, solution, and key assumptions. Lean Canvas (created by Ash Maurya) is adapted from The Business Model Canvas (created by Alex Osterwalder) and is licensed under the Creative Commons Attribution-Share Alike 3.0 Un-ported License.Pitch Deck
Teams that are selected to present in the Healthcare PRISm Pitch Competition will be asked to develop a pitch deck (PDF or PowerPoint) that includes the material for a 5-minute pitch of their concept as well as any desired Appendix materials for a 10-minute Question and Answer segment. There are no limits on the number of slides that can be included in a team's pitch deck, although teams should be careful to ensure that their material can be effectively presented within the 5-minute timeframe.Each team's pitch deck must not include any recognition whatsoever of the team's program or school. Additionally, only one team member is required to deliver the team's five-minute pitch, although more team members may participate in delivering the pitch if desired. However, all team members are expected to participate in the team's Question and Answer segment.
What is the schedule?
What is the schedule?
Summer & Fall
Teams interested in participating in Healthcare PRISm should submit an Intent to Participate form (nonbinding). This will allow Healthcare PRISm to effectively plan for the competition as well as ensure that each team has the information and resources they need to capably complete their applications.As they begin, students can progressively view a series of online videos providing guidance and content to support teams' journey in the process of creative problem solving, including principles of design thinking, how to identify and validate a problem, the process of ideation, iteration and experimentation, how to make a pitch, and tools to develop innovative concepts (such as the Lean Canvas). Additionally, a series of webinars - which we call "PRISm Hours" - will be scheduled to provide an opportunity for teams to learn more about the competition and prepare their concepts through general questions and answers.
November (Date TBD)
Team applications to be considered for competition in Healthcare PRISm are due.December (Date TBD)
A panel of external judges will review each team's submitted application, and of those submissions, a select number of teams will be invited to compete virtually in the Healthcare PRISm Pitch Competition in early 2024.Early 2024
In the weeks prior to the Healthcare PRISm Pitch Competition, each selected team will have an individualized coaching session with a healthcare innovation mentor, providing meaningful guidance regarding ways to continue advancing their concept and strengthen their pitch as they prepare for the competition. Teams will be required to submit their pitch decks and final materials in advance of the Healthcare PRISm Pitch Competition, which consists of two rounds. First, all invited concepts will be grouped into four broad problem categories. The first round - a "best in category" pitch round - will take place in a series of bracket competitions, with each team competing against fellow concepts in its problem category. Each team will be assigned a 30-minute time slot, during which they will virtually present their pitch, participate in a Q&A session, and have additional time to "workshop" their concept with panelists to identify potential steps to continue advancing their concept. After deliberation, judges will announce teams that have been selected as "Best-in-Category," which will be invited to advance to the "Best in Show" finals the following week. Teams not selected as "Best-in-Category" will be invited to continue to the "Elevate Round" the day before the Finals, during which they'll have an opportunity to adapt their concepts and pitch once again to the Elevate Round judges. One team will be selected from the Elevate Round to join the other four "Best-in-Category" teams and compete in the Healthcare PRISm Pitch Competition Finals. After finalists have presented and judges have deliberated, the selected winners of Healthcare PRISm will be announced.How will Healthcare PRISm work?
How will Healthcare PRISm work?
Day 1: Date TBD
Morning- Bracket #1 for "Best-in-Category" pitch presentations and judge deliberation, with winning team selected to participate in the "Best-in-Show" finals
Afternoon
- Bracket #2 for "Best-in-Category" pitch presentations and judge deliberation, with winning team selected to participate in the "Best-in-Show" finals
Day 2: Date TBD
Morning- Bracket #3 for "Best-in-Category" pitch presentations and judge deliberation, with winning team selected to participate in the "Best-in-Show" finals
Afternoon
- Bracket #4 for "Best-in-Category" pitch presentations and judge deliberation, with winning team selected to participate in the "Best-in-Show" finals
- Results for each Bracket and "Best-in-Category" winner announced after 5 PM (CST)
Day 3: Date TBD
- "Elevate Round" pitch presentations and judge deliberation
- Elevate Round winner announced and invited to participate in the "Best-in-Show" finals
Day 4: Date TBD
- Healthcare PRISm Finals pitch presentations and judge deliberation
- Final results announced
Pitch Presentations
During the "Best-in-Category" round, teams will be scheduled to present at 30 minute intervals, which will include:- 5 minutes for the team to virtually present their concept using their pitch deck;
- 10 minutes to respond to judges' questions;
- 10 minutes for the team to "workshop" their concept, in which judges provide guidance, suggestions, and considerations regarding the team's concept and potential iterative steps to explore; and,
- 5 minutes for judging deliberations and transitions.
During the "Elevate Round," teams will be scheduled to present at 10 minute intervals, which will include:
- 5 minutes for the team to virtually present their concept using their pitch deck; and,
- 5 minutes for judging deliberations and transitions.
During the "Best-in-Show" finals, teams will be scheduled to present at 20 minute intervals, which will include:
- 5 minutes for the team to virtually present their concept using their pitch deck;
- 10 minutes to respond to judges' questions; and,
- 5 minutes for transitions.
How much does it cost?
How much does it cost?
We are committed to developing and hosting an educational event that minimizes the expenses and resources required for teams to participate.
No application fees
Teams can submit their entries at no cost.No registration fees
There are no registration fees required for teams to participate or compete in Healthcare PRISm.Additional expenses
As a virtual competition, teams will not require expenses for travel, lodging, or meals.Are there prizes?
Are there prizes?
In the first round, each problem category will have a recognized "Best in Category" winner, earning $2,000. In addition, a winner will be selected for the overall "Best in Show" winner of Healthcare PRISm, earning an additional $3,000.
Why an innovation pitch competition?
Why an innovation pitch competition?
It's been said that healthcare leaders are well-equipped to "elegantly solve the wrong problems," leading to the continuation of the status quo (Roberts, 2017). We believe that today's healthcare management students are tomorrow's healthcare leaders, and Healthcare PRISm's innovation pitch competition challenges graduate students to apply knowledge and behaviors that will prepare them to be disruptive forces of positive change from within the healthcare system, including experiential learning, effective communication, emotional intelligence, collaborative leadership, creative problem solving, and iterative innovation.
Additionally, the open-ended design of Healthcare PRISm's pitch competition provides an alternative to experiences in which students are all given a common problem to solve in advance. Because Healthcare PRISm does not prescribe a specific problem or issue for teams to address, students benefit from having to identify, validate, and explore an existing problem or challenge in healthcare, drawing attention to a wide array of potential problems - from transitional care to pandemic responses, from chronic disease management to wayfinding, from clinician burnout to patient satisfaction, and more. Using principles from design thinking, students apply their efforts to important steps such as identifying and understanding the problem through a human-centered approach, ideating to generate unexpected ideas by challenging assumptions and reframing problems, iterating to advance solutions that are valued and deeply desired, and communicating a problem and its solution in a clear and compelling fashion. The Healthcare PRISm Pitch Competition encourages students to grow as leaders who have the courage and passion to:
Additionally, the open-ended design of Healthcare PRISm's pitch competition provides an alternative to experiences in which students are all given a common problem to solve in advance. Because Healthcare PRISm does not prescribe a specific problem or issue for teams to address, students benefit from having to identify, validate, and explore an existing problem or challenge in healthcare, drawing attention to a wide array of potential problems - from transitional care to pandemic responses, from chronic disease management to wayfinding, from clinician burnout to patient satisfaction, and more. Using principles from design thinking, students apply their efforts to important steps such as identifying and understanding the problem through a human-centered approach, ideating to generate unexpected ideas by challenging assumptions and reframing problems, iterating to advance solutions that are valued and deeply desired, and communicating a problem and its solution in a clear and compelling fashion. The Healthcare PRISm Pitch Competition encourages students to grow as leaders who have the courage and passion to:
- Experiment - generating confidence to iterate and discover valued solutions;
- Ideate - collaborating with others to fuel creativity and exploration; and,
- Understand - leveraging empathy to see the perspective and needs of others.
What are teams developing?
What are teams developing?
Criteria
Teams are developing a specific solution to a specific healthcare problem they have identified. Proposed solutions must demonstrate how they can effectively address a problem or need relating to the promotion or maintenance of health, the provision or administration of health services, or the experience of seeking or receiving healthcare.Examples
Healthcare PRISm is designed to be open-ended rather than prescriptive in terms of the problems that students address and solve. Thus, each team is responsible to select and validate the specific healthcare problem that they will solve through their innovative concept. Examples of potential problem categories that teams may explore include, among many others:- Appointment management
- Care transitions
- Chronic disease management
- Clinical operations
- Clinician engagement
- Clinician safety
- Consumer experience
- Discharge processes
- Health education & literacy
- Health information technology
- Informal caregiving
- Medical transportation
- Medication adherence
- Mental and behavioral health
- Pandemic response & management
- Patient engagement
- Patient navigation
- Patient safety
- Practice management
- Price transparency
- Racial/ethnic disparities in healthcare
- Recruitment and retention
- Social determinants of health
- Wayfinding
- Workforce education and development
- Workforce stress and burnout
Webinars
In advance of the submission deadline, teams can learn more about how to navigate the creative problem solving process (e.g., design thinking, Lean Canvas development, how to make a pitch, etc.) as well as what potential judges may be looking for through a collection of online videos and webinars that can be accessed asynchronously as their Healthcare PRISm journey progresses. To access those resources, click here.Deliverables
Each team should prepare two items to be submitted as part of their application to Healthcare PRISm:- A one-page executive summary (PDF or Word) explaining their identified problem and solution; and,
- A completed application form (see application requirements here).
Teams that are selected to present in the Healthcare PRISm Pitch Competition will be asked to develop a pitch deck (PDF or PowerPoint) that includes the material for a 5-minute pitch of their concept as well as any desired Appendix materials for a 10-minute Question and Answer segment.
Why a virtual pitch competition?
Why a virtual pitch competition?
We believe that a virtual pitch competition provides a meaningful opportunity for healthcare management students to gain unique and valuable experiences in a format that requires modest resources. A virtual pitch competition provides an alternative experience for healthcare management students to gain as they navigate the journey of identifying and deeply understanding a problem, ideating to explore potential creative solutions, and experimenting with potential solutions to develop a concept that is feasible, viable, and desirable. And, Healthcare PRISm not only offers an experience that students can seize as an alternative to internships or capstone projects, but it also equips students with a creative problem solving mindset that healthcare demands in the present as well as the future.
Why "Healthcare PRISm"?
Why "Healthcare PRISm"?
A prism is an object used to clarify a particular viewpoint, and we believe that Trinity University's Healthcare PRISm Pitch Competition serves as a prism from which the next generation of leaders can develop and transform our view of healthcare's future.
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