RightCare Solutions, a hospital discharge decision support system, won first place and more than $30,000 in cash and in-kind prizes at the Venture Finals of the fourteenth annual Wharton Business Plan Competition yesterday.
Team members Eric Heil, Mrinal Bhasker and Matt Tanzer designed an algorithm to help hospitals evaluate which patients are at high risk of hospital readmission and improve or target their care. Only Heil and Tanzer were on hand at the event in Jon Huntsman Hall to accept the award.
The grand prize included a $30,000 cash prize, donated by the Gary Karlin Michelson, M.S. Charitable Foundation, as well as $10,000 of in-kind legal services, and $5,000 of in-kind accounting services.
The Wharton Business Plan Competition is a seven month process in which teams of UPenn students, from any school, compete to create the most viable business plan, as decided by a panel of judges. For this year’s Venture Finals, 235 teams were winnowed down to eight.
ChondroPro BioSciences, a technology designed to treat osteoarthritis, won the People’s Choice award, which included a $3,000 cash prize. You can see video of the People’s Choice award announcement below.
You can see video of the other award winners, including the winners of the Gloeckner Award for undergraduates below.