Expected Value begins I-Corp
Last year's IDEA Lab class, consisting of Dr. Adam Hetzler, Dr. Hunter Sceats and Dr. Emily Thomas, successfully applied for and received an I-Corp grant after a successful pitch season and honing of their product, Expected Value. Expected Value is a re-admissions risk prediction model that allows for the efficient and equitable distribution of resources. The concept deploys advanced predictive models and unique data streams to improve patient health outcomes, lower costs, increased revenue, and improved quality metrics to ensure healthcare equity. Targeted towards hospitals that are accepting more re-admission risk or have large penalties, this business concept helps identify at-risk patients to prevent avoidable re-admissions and improve care. With a total of $52,300 in funding, an I-Corp grant is a way to accelerate the economic and societal benefits of academic research. We wish our fourth-year students good luck as they interview for residencies and launch their company!