The Centers for Medicare and Medicare Services has selected 25 entities to demonstrate artificial intelligence concepts as part of a competition aimed at developing AI capabilities that forecast patients’ health outcomes.
The Department of Health and Human Services component said Thursday the AI Health Outcomes Challenge seeks to develop AI-based predictive technologies that can help improve the service delivery of clinicians and healthcare providers.
According to Seema Verma, administrator of CMS and a 2019 Wash100 winner, predictive AI capabilities can be used to reduce out-of-pocket costs while helping doctors prevent the onset of critical illnesses through early intervention.
CMS plans to narrow down the pool of participants to seven for Stage 2 of the challenge. Participants under the second stage will each receive $60K. The overall winner of the challenge will receive a grand prize of $1M and the second place participant will receive a consolation prize of $230K.