The Your Big Idea Challenge focuses on finding opportunities for all us in Penn Medicine to be more efficient while continuing to excel at our tripartite mission of patient care, education and research. The Challenge includes some new features and enhancements over last year — including the Prove Us Wrong challenge, where submitters will have a chance to develop an idea even if it doesn’t make it through to the next round right away. More ideas will be implemented than last year, and faculty and staff will be provided with training and resources to pursue ideas independently.
What’s the Cost-Savings Challenge?
Building off the success of the innovation tournament, this Cost-Savings Challenge provides a forum for everyone to contribute. A strong cultural attribute of Penn Medicine is our ability to respond to a challenge by discovering new and better ways of improving care.
To that end, a Cost-Savings Challenge was started on May 14, which encourages members of the Penn Medicine Community to submit their cost savings ideas. Ideas that hold promise will be reviewed and validated for cost savings potential.
How does it work?
Faculty and staff submit cost-savings ideas via the Your Big Idea Website, www.pennmedicine.org/yourbigidea.
Ideas are evaluated by the entire Penn Medicine community on the website, and by an interdisciplinary Review Team.
Ideas are then tagged as either a “Quick Fix,” “Commissioned Idea,” or a “Prove Us Wrong” idea. Each of these paths has its own unique workflow that provides training and resources for implementation.
- Quick Fix
Ideas that can be easily implemented with immediate cost savings opportunities;
- Commissioned Idea
Ideas that hold promise but need further validation for their cost savings potential;
- Prove Us Wrong
Ideas that don’t appear to have cost savings potential—but faculty/staff are provided an opportunity to present additional evidence of viability of their idea to senior leaders.
The deadline for submissions is Friday, June 7.
For the complete YOUR BIG IDEA Cost Savings Challenge Timeline, please visit: www.pennmedicine.org/yourbigidea.