The stock of UnitedHealth Group Inc (NYSE:UNH) closed at $234.22 losing 0.043% in yesterday’s trading session. Empowering Patients is the innovation challenge that both the UnitedHealth Group and Lyfebulb LLC have been taking quite much about lately. These two are calling upon the various patient entrepreneurs to come over and be a part of the competition.
A person well conversant with the latest developments has been quick to point out that all applications must be made between April 16 and May 31, 2018.If all moves according to plan, it is expected that companies of all sizes founded by patients or people supporting patients that have been struggling with the inflammatory bowel disease (IBD) will participate.
It is also worth mentioning that those bodies that have at one point or the other involved themselves in coming up with services or products targeted at addressing the various challenges faced by the IBD patients will also be eligible to submitting their applications.
The founder of Lyfebulb Dr. Karin Hehenberger opined “We believe patient entrepreneurs have unique insights into the needs of their communities and can create much-needed, patient-driven solutions for problems they face. In addition to the prize money, our events provide opportunities for exposure and collaboration among these innovative entrepreneurs and the expert jury.”
Fundamentally, Lyfebulb is all keeping the burden of chronic disease at its lowest ebb. The 2018 Lyfebulb – UnitedHealth Group Innovation Challenge will essentially concern itself with the recognition of the various top line patient entrepreneurs coming up with innovative ideas that will be moving quite a long way assisting towards the achievement of better management of Inflammatory Bowel Disease (IBD).
The long and short of it is that it will be using consumer products, But a lot of people do not to this point in time understand what the patients entrepreneurs are to this point in time. They are those individuals struggling with a chronic condition and it can also be those with a close relative struggling with a chronic disease. Such persons are the backbone of those companies that bring innovative solutions to the market place.