by Isaac Osei
The problem we solve: Burn out and considerable reduction in medical errors
About our solution: Many physicians are unhappy and complain about enormous paperwork and documentation involved in writing prescriptions,routine clicks,H&P,checking off lab work and imaging results. The goal is to use robotic process flow technology to monitor desktop activity together with physicians recommendation about how they operate their practice to create digital assistants that can formulate sevaral of these computations that are routine clicks into buttons that digital assistants can easily replicate. These digital assistants will also have artificial intelligent capabilities that keeps track of and can output similar results for lab work/imaging and all other procedures that have been repeatedly done in the past. https://catalyst.nejm.org/electronic-medical-records-blame-physician-burnout/ http://scribeamerica.com/blog/3-leading-causes-of-physician-burnout-and-what-you-can-do/
Progress to date:Prototype is ready. Reception has been great because physicians cant wait to spend more time with patients instead of being glued to the computer and being physically and emotionally detached from their patients for no fault of thiers
Creator: Isaac Osei
Education: Meharry medical college
Bio: I'm a rising third year medical student and a seasoned electrical and computer engineer with more than a decade of experience in GIS, network engineering, and app development. I have worked and consulted for tech giants like AT&T,Ericsson, Centurylink, Corning, and Windstream. I am interested in medical innovations that makes a difference and considerably adds value to the economy
Hospital Affiliation: Meharry Medical College,Vanderbilt Medical Innovation Lab
Title: Mr
CrowdRad
Location: 3500 ruland pl
A
Nashville, TN 37215
Founded: 2017
Product Stage: Ready
YTD Sales: Working on it
Employees: 1-2
Burn out physicians are more prone to errors and relieving physicians mean fewer to no errors and better patient outcomes
Relieves physicians of burn out which is highly correlated with higher rate of medical errors. So with an antidote to burn out mostly from documentation and clerical work,medical errors can be considerably reduced.
https://catalyst.nejm.org/electronic-medical-records-blame-physician-burnout/
Increase their productivity,reduce errors and hence lawsuits and produces a happy medical staff hence highly motivated and happy workers
It solves the problem of burn out
Key Milestones Achieved and Planned
Have the demo and working on product completion by April 2018 and robustly test and QA for 2 additional months. Have done crowdsourcing with physician groups and they are all curious and interested
Our Competitive Advantages
we will be hosputal specific just like EHR instead of putting all hospitals in a cloud which many health institutions hate to do. Also we keep the visual operation of hospitals and does not introduce our own buttons and language which is the reason for slowed productivity when health institutions have to adapt to new technology
Barriers to Entry
Working with our contacts and leaders in health to monopolise and be the sole licensing company
Traction, Funding and Partners
awards from institution,private money from friends that believe in innovation
Intellectual Property Summary
Didnt file patent but applying for copyright
Clinical Information
Yes other fields have taken advantage and also been used in clinical training where a high volume of work was done with little effort and high degree of accuracy because physicians job is reduced to checking and verifying operations of digital assistants
Regulatory Status
Development team depends on Aptible a reputable HIPAA cloud computing company which relieves engineering teams of HIPAA compliance so they can focus on engineering solutions
How we will use the funds raised
Will get more engineering assists,sign up for more data services from cloud computing companies.
Thank You
Dear Physicians and concerned patients,its proven that a happy physician is much more efficient and commits fewer to no medical errors. This affects us all and helping physicians become less burn out is an important undertaking
Market Size
$5000 annually to hospitals that sign up which can be applied across all departments
Projected 3 Year Growth
Intend to penetrate 20% within 2 years and this can produce a revenue of 5M dollars
Revenue Model
Since platform will boost productivity and after a 2 month proven and addicting free trial to hospitals,they will be more than willing since productivity means more revenue for hospitals.
Competitors
We intend to dominate and hospitals love to stick with companies they know since switching platforms will slow growth which all hospital administrations are not interested in.
Traction
They are excited and waiting to beta test because they are all interested in spending more time with patients and their families
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