Healthcare IT News: CMS names ClosedLoop.ai winner in AI Health Outcomes Challenge

“The Centers for Medicare and Medicaid Services announced this past Friday that ClosedLoop.ai is the winner of its multistage Artificial Intelligence Health Outcomes Challenge.”

WHY IT MATTERS

“The challenge developed by the CMS Innovation Center to find new AI-powered approaches to predicting health outcomes for Medicare beneficiaries initially drew more than 300 entries from across all industries, including Accenture, Deloitte, Geisinger, IBM, Mayo Clinic and Merck. These were first winnowed to a top 25 and then to seven finalists.”

“As the grand prize winner, Austin, Texas-based ClosedLoop.ai will receive up to $1 million in prize money.

Danville, Pennsylvania-based Geisinger was the runner-up and will receive up to $230,000.”

“Both organizations were recognized by CMS for their AI and machine learning tools to predict unplanned hospitalizations, skilled nursing facility admissions and adverse events. They each created predictive algorithms as well to identify Medicare beneficiaries at risk of mortality in 12 months.”

“Special attention was devoted to rooting our sources of algorithmic bias that might affect health disparities, according to CMS. Transparency was prioritized too, with finalists demonstrating how the AI tools could be easily explained to physicians and nurses…” Read the full article here.

Source: CMS names ClosedLoop.ai winner AI Health Outcomes Challenge — By Mike Miliard, May 3, 2021. Healthcare IT News.

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