Vijay Goel, MD recently announced in late January that he was joining the X PRIZE Foundation as the Director of Prize Development over the health prize. Vijay has a long history of innovation and entrepreneurship, most recently focused on new models to engage and empower consumers by helping them to "shop" for healthcare services and appointments.
In Vijay's own words:
As some of you know, I've taken a new role with the X PRIZE Foundation...they offered me an amazing role in designing a X PRIZE for healthcare-- finding the market failure in the health sector that can best be solved by a competition for a $10M+ prize.
The mission is amazing...define a competition to showcase competitors that will definitively improve quality while reducing costs. The execution will be challenging-- defining the appropriate scope of this particular prize where teams can clearly understand the start and finish lines and a clear winner can emerge.
At present, we're looking to define the best space to start, so please let me know if you would like to share your insights on addressable issues that would make for a good competition.
Here's to healthy innovation in healthcare as we kick off 2009!
Looking forward to having Vijay lead the team effort to develop the Health X PRIZE.