Unveiling the Humana-Mays Healthcare Analytics Challenge

Unveiling the Humana-Mays Healthcare Analytics Challenge

Mays Business School at Texas A&M University has collaborated with Humana Inc. to introduce the eagerly anticipated annual healthcare analytics case competition. Now in its eighth iteration, this event invites students to tackle a real-world business problem utilizing their analytical skills. With a compelling prize pool totaling $90,000, this competition offers ample motivation for aspiring analysts. The first-place team will receive $50,000, while second and third places will earn $20,000 and $10,000, respectively. Teams finishing in fourth and fifth places will each receive $5,000.

Who Can Participate?

The competition is designed for full-time and part-time master's students currently enrolled in AACSB-accredited programs across the United States. Eligible programs include Master of Science, Master of Arts, Master of Information Systems, Master of Public Health, and Master of Business Administration, among others. Participants can form teams consisting of two to four members from the same university, creating a collaborative atmosphere for solving pressing business challenges.

Insights from the Organizers

Mays Business School Dean Nate Sharp expressed pride in the partnership with Humana, emphasizing the importance of this competition to future business leaders. "This competition aligns seamlessly with our mission to build a better future through business and highlights the vital role leaders play in advancing innovative healthcare solutions," Sharp noted.

Scott Bagley, PhD, Humana's Vice President of HQRI Technology and Analytics, added depth to the conversation by discussing the rapid advancements in healthcare technology. He articulated that using data-driven strategies significantly enhances the quality and equity of care delivered to patients, which is vital in achieving favorable health outcomes. Bagley further mentioned the value of providing students an opportunity to apply their studies outside of traditional classroom settings, fostering creativity and innovation as they develop impactful solutions to real-world issues.

Evaluation Criteria

As the competition unfolds, teams will be assessed on several key criteria:

1. Quantitative analysis that reveals significant business insights.
2. Professionalism, including data visualization and presentation skills.
3. Ability to derive meaningful implications and recommendations based on the analysis of results and insights.

Important Dates to Remember

This year's competition has several key dates that participants should be aware of:

• September 27: Team registration deadline by 11:59 PM (CST).
• October 1: A virtual Q&A session with competition leadership, offering valuable insights into the competition.
• October 11: Submission deadline for Round One, with Top 50 Teams announced for Round Two.
• October 20: Submission deadline for Round Two.
• November 1: Announcement of the Top 5 Finalists advancing to Round Three.
• November 14: Virtual presentations and announcement of winners.

Past victors of the competition have come from prestigious institutions such as Syracuse University, UCLA, and Georgia Tech, showcasing the caliber of talent this event attracts.

About Mays Business School

Mays Business School is dedicated to shaping a better future through business leadership and education. With more than 6,400 students enrolled in various programs, including accounting, finance, and marketing, Mays consistently ranks among the nation’s top public business schools. The institution is committed to developing principled leaders who contribute positively to their communities.

About Humana Inc.

Humana Inc. strives to prioritize health for its customers and employees alike. Through their insurance services and innovative care initiatives, Humana has made significant strides in improving health outcomes for diverse populations, including those with Medicare and Medicaid. Their continued commitment to enhancing the quality of care makes them a frontrunner in the healthcare industry.

Frequently Asked Questions

What is the Humana-Mays Healthcare Analytics Case Competition?

This competition is an annual event where students apply analytical skills to solve real-world healthcare business problems and compete for prizes.

Who can enter the competition?

Full-time and part-time master's students from AACSB-accredited programs in the U.S. are eligible to participate, forming teams of two to four.

What are the main criteria for judging?

Teams are evaluated on quantitative analysis, professionalism, data visualization, presentation skills, and the implications of their findings.

How much money can teams win?

The prize pool for the competition totals $90,000, with substantial awards for the top five teams.

When are the key dates for the 2024 competition?

Key dates include team registration by September 27, Q&A on October 1, and various submission deadlines through November 14.

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