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AI MedTech App: Increasing Healthcare Efficiency & Reliability

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AI MedTech App: Increasing Healthcare Efficiency & Reliability

Executive Summary:

With an app that provides every user with a ‘Digital Medical Profile’, keeps all of their medical records and prescriptions and assists them in their treatment; you’ll have a virtual nurse in your pocket.

This solution is eradicating Medical / Medication errors via modern-day Machine Learning technologies; improving the healthcare industry through digitisation.

Background:

Do you know how many people die of medication errors worldwide every year? About 210,000 to 440,000 deaths are recorded just in the US alone according to the Journal of Patient Safety. It’s worth noting here that US is one of those countries which spends almost 1/4th or 20% of it’s GDP on healthcare annually, equaling to 3 Trillion USD yet this serial killer is still on the loose.

As with many good startups, this solution is inspired by real-life events faced by the founders. With the mother of the founder a patient of Hyperthyroidism, medicine was prescribed which she was supposed to be taken thrice a day. But she would often miss her dose, so in order to make up for it, she took multiple doses in a narrow gap which resulted in the severity of the case and in the end she had to undergo a surgery after which she was told not to speak even a single word for the next 10 days. [thankfully her case was not fatal unlike 100s of thousands if not millions who fall victim]

Solution:

Obviously nobody wants that to happen to anyone, near or dear to them. This solution is an Organic digital healthcare startup, truly aiming to make a difference. It works to eradicate such mistakes or events by decentralizing traditional Electronic Health/Medical Record or EMR/EHR systems from the doctors and hospitals to the patients themselves and make it global and portable, through Digital Medical Profiles and by incorporating a Personal Assistant – a virtual nurse coupled with Artificial Intelligence & Machine Learning to give you the care and attention you deserve and need.

This will ensure the efficiency of treatment and notify when and how medicines need to be taken; what to avoid, what not to avoid, and keeping you away from all possible allergic elements or problem areas, such as checking in to a Pizza Parlour with an olive allergy. Thus resulting in a true sense of reliability, comfort, personalization and control.

AI MedTech App PitchDeck

AI MedTech App PitchDeck

For further information, do review the Pitch Deck or contact admin@dealflowdaily.com

Positives

Fantastic scope to the solution, significant potential revenue opportunities

Negatives

Tricky route-to-market, extremely difficult selling-in process to larger medical concerns

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Originality
72%
36%
Commerciality
48%
79%
Scalability
84%
76%
Defensibility
45%
71%
Bottom Line

Great solution in high-potential market: routes to valuable markets & revenue sustainability will be extremely tricky unless tackled strategically

62%
Our Rating
66%
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Alex
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Originality
Commerciality
Scalability
Defensibility