Concordia University Wisconsin’s (CUW) School of Pharmacy, in partnership with CUW’s Batterman School of Business and with financial support from The Dohmen Company, announces a new initiative to drive change in the way health care is delivered to people living with chronic illnesses, such as diabetes, hypertension and blood pressure, throughout Wisconsin.
This initiative, the Concordia Medication Management Accelerator, will promote entrepreneurial thinking in the area of comprehensive medication management (CMM) by awarding more than $50,000 to entrepreneurs with the most compelling business plans in this crucial area of healthcare. A complete outline and details of the initiative can be found at here.
With a planned launch at a live event on May 19, 2017 at CUW’s Mequon campus, 12800 N. Lake Shore Drive, the Accelerator’s first meeting is open to the public and will facilitate conversation about the opportunity to improve medication use for the “triple aim” of better care, better clinical outcomes and lower costs. Conversations will focus on community-based solutions and partnership development while also introducing two “accelerator” tracks beginning in summer 2017. A Service Accelerator track will target applicants with ideas to improve quality or create efficiencies within healthcare organizations. The Start-Up Accelerator track will support applicants with ideas to create market based technology or service solutions in support of CMM.
Participants within both Accelerator tracks will be offered business coaching support to develop and refine CMM concepts in preparation for a live Fall 2017 pitch event. Winners of the competition will receive cash awards and may be given the opportunity to subsequently participate in a state-wide, 12-month learning collaborative facilitated by CUW in collaboration with the Alliance for Integrated Medication Management (AIMM). AIMM is a national non-profit organization known for its proven process working with health systems, community health centers, primary care clinics, community pharmacies and other stakeholders to drive improvements in care delivery systems.
The School of Pharmacy, dedicated to improving the health of communities, is proud to offer the Concordia Medication Management Accelerator as a way to drive innovation within this crucial component of patient care; and The Dohmen Company is proud to sponsor prizes for ideas with the potential to lower cost and increase satisfaction for patients taking a number of medications.
“Since 1858, Dohmen has driven innovation in pursuit of its vision to create a more efficient, effective and easy to use health experience. We’re pleased to support the next generation of innovators that share our passion for this goal,” said Cynthia LaConte, CEO of Dohmen.
According to Andrew Traynor, Chair of Pharmacy Practice at CUW’s School of Pharmacy, “The CUW School of Pharmacy is committed to promoting smarter spending and better care for patients. We’re excited to collaborate with Dohmen, AIMM and the broader Wisconsin health care community to find new ways of achieving this objective with chronic medication management.”