by Eric Pahl
The problem we solve: In the USA, 54% of authorized organs for transplant are wasted due to a broken supply chain for deceased donor organ allocation, procurement, and transplantation.
About our solution: HIPAA compliant, real-time, team-based, mobile chat with artificial intelligence to support better and faster clinical decision-making.
Progress to date:We have been implemented clinically, LIVE, for 12 months. We have more than 400 transplant professionals practicing in more than 10 states. Data from the last 12 months show that our product improves clinical productivity, keeps clinical professionals up-to-date without being overwhelmed, reduces redundant phone calls, reduces organ cold ischemic time, reduces the overall time for organ allocation, procurement, and transplant, and ultimately, increases the number of organ transplants. TXP Chat costs $100/user/month and our users are PAYING users. Extrapolating our growth projections, the company is on track for ~$100,000 ARR by the end of 2018.
Creator: Eric Pahl
Location: Iowa
Bio: I make technology work. CoFounder of HealthTech Solutions, Inc. an exciting, fast-paced mobile software company specializing in building productivity mobile apps for Healthcare, specifically, the coordination of Organ Transplants. Health information technology entrepreneur. Passionate about improving the efficiency, accessibility, and value of healthcare services with Internet of Things and Informatics technologies.
Title: CTO & CoFounder
Dalton Shaull
CEO & CoFounder, BS
Biography: HealthTech Solutions, Inc. (HTS) - Creators of TXP Chat™
Dalton presently serves as CEO/President. Mr. Shaull’s 'Connected Purpose' stems from his personal experiences including a near-fatal automobile accident and a recipient of an experimental transplant at Mayo Clinic as a result. Mr. Shaull also brings a network of hospitals, surgeons, administrators, and investors to the business including key relationships at organ procurement organizations across the US and leads customer success development and clinical support. Mr. Shaull provides clinical knowledge per his experience and studies as a medical student and employee at a disruptive startup in the medical education space, Higher Learning Technologies (HLT, Inc.).
ORGAN PROCUREMENT ORGANIZATION COMMUNICATION SPECIALIST
As a Transplant Communication Specialist within HTS, I work to understand how we can use accessible mobile technology to empower all communication between Organ Procurement Organizations and their Transplant Centers to maximize the efficiency of the transplant process from the initial offer and donor management to procurement and transplantation and the logistics that surround these collaborative processes.
Title: CEO & CoFounder
Advanced Degree(s): BS
LinkedIn:
https://www.linkedin.com/in/dalton-shaull/
HealthTech Solutions
Location: 2500 Crosspark Rd.
W-150F
Coralville, IA 52241
Founded: 2016
Website: https://www.txpchat.com
Blog: https://www.txpchat.com/learn/
Facebook: https://www.facebook.com/healthtechsolutions
Product Stage: In the Market
YTD Sales: Less than $250,000
Employees: 5-10
More patients are transplanted while using our product, increasing patient quality adjusted life-years by 10 years on average compared to end-stage organ failure treatments (e.g. dialysis). It's been estimated that 30% of deaths in the USA could have been prevented by organ transplant!
We give providers more time and higher quality data to make better clinical decisions!
Transplant more organs and improve patient outcomes!
We have an API-first infrastructure that allows us to integrate and expand existing systems easily! We can add AI or real-time chat to any other Health IT product offering.
Affiliation(s)
The University of IowaKey Milestones Achieved and Planned
Clinical validation. Revenue. More than 200 transplants facilitated. Raised >$1M for equity. Secured an NIH SBIR Phase I grant. More than 400 clinical professionals using the product daily and reporting excellent user experiences.Our Competitive Advantages
We are uniquely designed and built for transplant, where there are no competitors at the premium product offering level.Barriers to Entry
Copyright, trade-secrets, and patents. Also, unique market knowledge and data that no other company has.Funding, Partners and Alliances To Date
We have raised over $2M to date in the form of federal/local grants and private investment for equity.Intellectual Property Summary
Provisional Patent
Clinical Information
Yes, we were funded by the NIH for a Phase I SBIR last year. Our product reduced redundant phone calls, increased clinical productivity, improved communication and coordination, reduced organ cold ischemic time, reduced total case time, increased the number of transplants.
Regulatory Status
Not Applicable.
How we will use the funds raised
Expanding our sales and marketing operations to deliver this critical product to all transplant programs and save more lives.
Thank You
Please help us end the organ transplant waiting list by improving the organ supply and reducing waste in the system!
Help us find best new ideas to fund by telling us what you think. Your feedback goes straight to the team behind this project in private, so tell them what you really think.