The X PRIZE Foundation, Wellpoint, Inc. and the Wellpoint Foundation Unveil Initial Design for Revolutionary $10+ Million Healthcare X PRIZE
The proposed $10M+ Healthcare X PRIZE is designed to improve health value by more than 50 percent in a community during a three-year trial. A competition around value measures and compares health outcomes against the total cost of care for a community. Health outcomes would be measured by a "community health index," which combines functional health (e.g., reduced sick days, improved ability to climb stairs) and clinical events (e.g., visit to ER, rehospitalization). Total cost would include direct costs incurred across health benefits, payroll (sick and disability pay), coupled with out-of-pocket health care.