by David Brand
The problem we solve: Approximately 125,000 deaths per year in the United States are due to medication non-adherence
About our solution: We bring together artificial intelligence, psychology, and medicine to help patients. We create effective patient engagement and generate adherence data to our customers. Medi, Our artificially intelligent assistant speaks with patients to help address their ongoing healthcare issues. We have a pill box that logs when patients take their pills and shares this data with customers and their doctors.
Progress to date:We use the solution every day and see 100% adherence due to our smart pill box and the reminders!
Medi
Location: 1 broadway
NY, 10010
Founded: 2013
Product Stage: Ready
YTD Sales: Working on it
Employees: 1-2
Approximately 125,000 deaths per year in the United States are due to medication non-adherence. We are solving this problem and saving lives.
Market Size
Half of the 3.2 billion annual prescriptions dispensed in the United States are not taken as prescribed. At around $20 each, we are solving a problem of $30 Billion per year.
Projected 3 Year Growth
We intend to achieve 10% market penetration within three years with gross margins at 35%.
How We Will Make Money
We sell Medi for $100, with gross margins at 35%.
About our Competition
Our artificially intelligent smart AI assistant makes us unique.
Progress with Customers to date
Not yet
New Orleans and Our Company
Intellectual Property Summary
Intellectual Property: proprietary.
Clinical Information
NA
Regulatory Status
NA
How we will use the funds raised
Product
Thank You
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