KP Sac Tank

Introducing KP SAC TANK, the Greater Sacramento version of Shark Tank!

South Sacramento, it’s your turn! Do you have an innovative idea that could improve efficiencies or sustainability, eliminate waste, make better use of the capacity of our building, or engage our employees and member in a new and meaningful way? During Health Care Appreciation Week, June 9-13, you, as the health care “entrepreneur,” may have a chance to pitch your idea to executive leaders, − a panel of “sharks” – to convince them to invest in it. This may sound familiar if you have seen a certain TV reality show!

Click here to sign up.

Click here to view a printable flyer.

Participants:

  • All South Sacramento area-based Physicians and Employees
  • 1-6 people per team.

Timeline of Activities:

  • Wednesday May 14th  
    • Deadline for Problem Statement Submission 
  • Week of May 12th-May 16th 
    • Project Approvals will be sent out. 
  • May 16th-June 5th 
    • TBD – Project Check-In: A3 Review, Open Q&A, Event Timeline and Expectations 
    • 3 Weeks for Project Creation –A3/Business Plan submitted by Thursday, June 5th! 
  • June 11th 
    •  Shark Tank Pitches to the Executive Leader “Investors” 
    • South Sacramento, Bruceville Center  
    • 8:30am-10:30am 
  • Week of June 16th 
    • Announce Project Winner(s). 
    • Winners of this event will be awarded a customized prize from the Executive Leadership Team. In addition, the winning team’s project will be implemented! 

Problem Statement:

The problem statement should clearly define the issue or challenge that your idea aims to address with a possible solution. It should provide context and background information to help the judges understand the significance of the problem and the efficiencies / cost savings involved. Be sure to include specific details and data to support your claims. For example, if your idea is focused on improving a process, describe the current inefficiencies and their impact on the organization. If it’s a new concept, explain the gap or need that it fills. Utilizing A3 thinking, a stepwise methodical process based on the scientific method, the goal is to make a compelling case for why your idea is necessary and how it will benefit Kaiser Permanente employees or members and align with our mission. 

Project Approval Criteria: 

Once approved and your team embarks on this journey, we ask that all proposals adhere to a minimum of one of the following: 

  • Innovative Efficiencies: Ideas should focus on improving efficiency within the organization. 
  • Waste Elimination: Proposals must aim to identify and eliminate wasteful processes and practices. 
  • Cost-Neutral Capacity Building: Suggestions should create additional capacity (patient space, storage, etc.) without incurring extra costs. 

All projects must also adhere to the following criteria: 

  • Sustainability: Articulate how ideas will be integrated into the Daily Management System, leveraging standard work for sustainability. 
  • Team Collaboration: Ideas should encourage cross-functional collaboration and leverage diverse perspectives for problem-solving. 
  • Measurable Impact: Proposals must include clear metrics to measure the success and impact of the implemented ideas. 

Rules & Guidelines: 

  • Manager approval required prior to submission for awareness. 
  • Presentation(s) will be (4) minutes of pitching and (3) minutes of questions from the Sharks. 
  • Minimum of (1) team members; maximum of (6) team members. 
  • Potential Return on Investment within (1) year, if applicable. 
  • No new FTE’s can be added to the business plan. 
  • Judges will evaluate both the written plans and SAC TANK presentations to include: 
  • Business Plan: clear, practical, addresses current issues or barriers, addresses all criteria listed above.  Underlying A3 thinking is evident. 
  • Overall Presentation/Pitch: creativity, delivery, visual aids. 

Preparation: 

Plan should include the following:   

  • Executive Summary: Provide a brief overview of your idea, including its purpose and goals. 
  • Problem Statement: The problem statement should clearly define the issue or challenge that your idea aims to address. 
  • Market Analysis: Describe the target audience for your idea, i.e, EVS Department, Family Medicine Patients, PCS night shift employees, KFH Operations. 
  • Product/Service Description: Explain what your idea is, how it works, and what makes it unique. 
  • Implementation Plan: Describe the steps you will take to bring your idea to life, including any resources or support you will need. 
  • Financial Plan: Include a budget, projected revenue, and a return on investment within one year. 
  • Pitch: KP Sac Tank- Event On Wednesday, June 11th from 8:30am-10:30am 
  • Turn in your business plan and creatively pitch your plan to a team of Executive Leaders
Back To Top