About our project

The problem we solve: HealthKOS™ = Connected Quality care Last mile - Engaging patient in their own health. Connecting patients to their doctors and family to improve the quality of care. HealthKOS takes a holistic approach, effectively becoming the primary enabler of communication between patients and healthcare organizations using automated algorithms. It would have a positive impact on the health and wellness of the population, reducing the overall rate of hospitalization and ultimately driving down the cost of healthcare.

About our solution: HealthKOS is unique because of several reasons 1. Single login to manage the patients. One place does it all whether it is remote monitoring, medication management or telehealth. 2. Only solution which ties it all to quality metrics like HEDIS scores. 3. Provides powerful tools to both patient and provider to improve on quality care. 4. Automated algothrims bridges the communication gap between patient, family and providers.

The HealthKOS Offering consists of:

• Software As A Service
• Access to HealthKOS™ Online Portal
• HealthKOS™ Smartphone App
• Patient Management Module
• Medication Management Module
• Telehealth Module (no recording and no storage of sessions)
• Analytics (does not include customizations)
• Chronic Care Management (CPT 99490)

HealthKOS is live and is being delpoyed across 100,000 patients in Miami for a MSO.

About Our Company

How We Help Patients

Changing healthcare from patients point of view. HealthKOS is comprehensive patient engagement platform.

With HealthKOS mobile solution patients 

1. Cannot forget to take medications: Automatic reminders to take their medications and ability to track.

2. Cannot forget doctors appointments: Automatic reminders of scheduled doctors appointments.

3. Cannot forget to check vitals: HealthKOS reminds and tracks the vitals e.g. blood pressure, weight, blood sugar, oxygen saturation etc. by seamless integration with home medical devices.  

4. Ability to maintain 'Health and wellness' through 'Health Score'. Knowing what is needed to maintain good health. Pateint is reminded of e.g. Flu shot, Mammogram, Colonoscopy etc. 

5. Personal records on finger tips with ability to share with family or other doctors in case of need.

6. Ability to reach doctors 'easily' through help button.

7. Care plans electronically available - get rid of all the paper instructions 

HealthKOS not only help patients to let patient manage their health but it does under supervision of their doctors. It tracks the patient health information and sytematically present to the doctor as well, so that they can intervene early in case of need.

How We Help Physicians

Now physicians are able to provide 'Quality care at reduced cost' which translates into better patient care.

*Improving the quality and decreasing the cost now physicans can improve significantly their revenue.

* certain 2018 CPT codes reimburese significantly for CCM  and now for remote monitoring and telehealth. 

Various modules as below

1. Medication tracker:

 - Ability to know whether patient is taking or missing the medication

- Decrease medication error

- One place to manage the patient medications

2. Remote Monitoring / Vital Tracker: CPT code 99091 - $55 per patient per month paid by CMS, so far it was bundled with CCM but for 2018 expected to be unbundled.

- How patient is doing at home?  

- Decrease hospitalizations by intervening earlier before urgent situation become emergent 

3. Close care Gaps: Improve quality metrices/ HEDIS scores - Based on different contracts upto 9% of total rimbursement to the practice

- HealthKOS Campaign Module - help close the care gaps easily and saves time of the staff in reaching out the patients

- Automated alerts to the patient through healthscores 

4. CCM Module - CPT code 99490 - $42 Per patient per month paid by CMS

5. Telehealth Module - For 2018 CMS is planning to reimburse for it.

How We Help Hospitals

Problem:

More than 2500 hospitals in USA were penalized by Medicare by holding upto 3% of total reimbursement cut due to excessive 30 day readmissions. Which was more than $500 million in payments which were held back.

Solution:

1. HealthKOS remote monitoring with automated algothrim

and 

2. Medication management module: decrease the medication error and increase compliance.

will help prevent reduce unnecessary hospital re-admissions. 

How We Help Partners

 HealthKOS mobile solution is future of medicine a true 'Consumer Mediated Exchange' where patient is true owner of their health data.

All healthcare providers and allied services can use HealthKOS mobile solution come and help patient to mangage their health in one place. 

Pharmacies e.g. CVS and Walgreens: now can manage patients 'virtual pill box' almost in real time. Remind the doctors and patient automatically through our mobile solution for the upcoming medication refill.

Labs Quest/ Labcorp: can send the results directly to the patients and flag them if they are out of range. 

Imaging: Can send images and results to the patient as well.

Device companies - can stay connected with the patieints and track the devices they placed.

Challenge Mission

Innovation Details

Intellectual Property Summary

We are protected under trademark and copyright act. We have automated workflows which are unique and do not want to go for IP.

Providing website featuring technology that enables patient to consult with the doctors and other medical personnel on line and via mobile medical devices,including wearable devices to send and receive medical information, statistics, history and test results for monitoring and tracking patients in real time with the purpose of early identification of acute exacerbation/ decomopensation or functional decline in chronic health conditions to establish, implement, revise or monitor patients comprehensive care plans, relating thereto
 

Healthcare information and consultation services; providing healthcare services and healthcare information services in the nature of providing a wellness program for evaluating patients health, for monitoring a patient's wellness progress, and for helping patients to achieve maximumm health conditions

Clinical Information

Do not need FDA approval.

Regulatory Status

Do not require FDA status.

How we will use the funds raised

Use of Cash	Post-launch
Inventory	$105,000
Personnel	$3,175,000
Consultants	$14,000
Marketing	$323,000
Operating	$262,000
T&E	$29,000
Professonal	$165,000
Total required	$4,073,838
CapEx	$411,162
Reserves	$542,000
Total requirement	$5,027,000

Thank You

Healthcare communication to the patient is ancient and need to be modernized.   Healthcare industry is 20 years behind its counterparts in aviation, car or financial industry. Consequeces are unintended as important medical information is not availble in time, leads to medication errors, repetitive tests, delayed treatment and some instances wrong treatment. According to one estimate approximately 40% of healthcare dollars goes to waste for all of the above. 

Solution is here HealthKOS™ a Patient-centric Health Management System with automated algorithms that involves patients in their own care while keeping their healthcare providers and family constantly informed. Bridging the gap where EMR’s, analytic or billing companies have failed. 

Change is imminent and HealthKOS is well positioned to help bring it. Developed by practicing doctors understading the gap in care and solving it from the patient prespective bring uniqueness to HealthKOS platform. 

Investor Info

Market Size

Our targeted patient population is 55 million medicare beneficaries out of which approx. 4 million in Florida. Florida is one of the top five states with highest number of medicare beneficaries hence priime market to target.

Projected 3 Year Growth

With 4% market penetration of medicare beneficaries (that is half the total numner of Florida medicare patients). 

in three years total projected revenue for 2020 is $44 M.

Revenue Model

We are marketing to large 

• Hospital
• ACO/MSO
• IPA's
• Self Insured Large Employer 

to provide quality care and decrease cost of care. We believe the push of CMS to show innovation, quality improvement and decrease cost of care working in favor of HealthKOS success. We are using the price point as an advantage to get into this organization as vendor or as a risk partner. 

Competitors

There is no real competitor with comprehensive platform with all the features and benefits but there are others with specific targeted components.

• Vivify - Remote monitoring 
• MD live or Amwell (other telemedicine companies)- Telemedicine platform, completely different business model
• Pillo - Medication management pill box, Very expensive pill box for management of medications to expensive for the patient population we are targeting.
• bwell - Seems to be direct going to the patient and burden of providing the history and management depends on the patient. Again the patient population we are targeting needs help and can only be managed via doctors.
• Inxitehealth - On way stream like patient portals and let patient access their medical records.
• Sharecare - Find doctor, maintain healthy life style, keep track your health data and records. 

Traction

• Signed first customer and deployment underway
• In talks with largest MSO in Florida
• Aggressive Marketing campaign underway via Tradeshows:
  • National ACO Conference, DC
  • Florida ACO Conference, Orlando
  • Connected Health Conference, Boston

Due Diligence Docs

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Supporters

• 
  Alex Fair, MS
  11/27/2017 - Liked the project.
• 
  Ben Berlin
  11/24/2017 - Liked the project.
• 
  Sharad Mishra
  11/21/2017 - Interested in investing in the project.

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