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About our project
The problem we solve: Patient instructions today are a mess of papers & rushed complicated verbal instructions. Poor patient instructions lead to surgery late-cancellations and no-shows, costing hospitals $24B every year.
About our solution:
An EMR compatible solution, MedAux interacts with patients through automated text message, navigates them at various steps of care, while strives to provide real-time clinical data and updates the medical team.
Progress to
date:
We are implemented in 7 large medical groups with $100K revenue.
Demo: Text "Hi" to (833) 956-8363 and launch an interactive demo/
About Our Team
Creator: Elnaz Sarabchian
Location: Florida
Bio: Elnaz Sarabchian is a successful CEO and Board member, building two companies over her 8-year C-level career. An inspired, visionary leader with a proven track record of attracting world-class talent and capital to early-stage start-ups, building them into respected, successful high growth companies with strong cultures and committed customers.
The purpose of the MedAux Tool is to assist your organization in standardizing pre-and-post-operation follow-ups, collect actionable data from patients, and improve long-term outcomes.
How We Help Physicians
The purpose of the MedAux Tool is to assist your organization/agency/department in standardizing pre and post-operation follow-ups while collecting patient-reported outcome.
How We Help Hospitals
The purpose of the MedAux Tool is to assist your organization/agency/department in standardizing pre and post-operation follow-ups while collecting patient-reported outcome.
How We Help Partners
The purpose of the MedAux Tool is to assist your organization/agency/department in standardizing pre and post-operation follow-ups while collecting patient-reported outcome.
Challenge Mission
Affiliation(s)
MedAux is an EMR agnostic solution that can integrate with multiple EMR platforms, collect patient-level data, analyze the data, and find the missing information using multiple sources of information. Once the missing data points are identified, our text-messaging solution prompts patients to respond to the missing information. Our solution can help to organize data at large scale using multiple resources. With these capabilities, our solution can help in uniting data and improve the quality of collected data for the participating organizations.
Key Milestones Achieved and Planned
We are integrated with Epic and Cerner EMR and providing service to 7 large medical groups across the US with more than 1000 daily patient-users.
Our Competitive Advantages
MedAux differential value: MedAux generates proprietary data points through direct patient interactions. As patient-reported-data enters to the platform, our algorithms make risk-assessment for each patient and predict the probability of canceling surgery or readmitting to the hospital.
Barriers to Entry
MedAux platform is customizable to design proprietary pathways to automate patient-provider communication at different timelines based on the hospital's current protocols and marketing materials.
Our competitors have a fixed set of pathways that is the main barrier for hospitals’ adoption: One size does not fit all.
Also, MedAux generates proprietary data points through direct patient interactions. As patient-reported-data enters to the platform, our algorithms make risk-assessment for each patient and predict the probability of canceling surgery or readmitting to the hospital.
Funding, Partners and Alliances To Date
We have raised $250K from Angels investors and Village Global Venture.
Revenue
Our YTD revenue was in excess of $150,000, up 20% month over month this year.
Innovation Details
Intellectual Property Summary
N/A
Clinical Information
N/A
Regulatory Status
N/A
How we will use the funds raised
We will use the proceeds of this funding to reach out to more hospitals and communities.
Thank You
Text "Hi" to +1(833) 956-8363 and launch an interactive demo.
Investor Info
Market Size
The market size for cross-sector alignment among social, public health, and medical sector is more than $47B.
Projected 3 Year Growth
Not Applicable
Revenue Model
We have a SaaS business model, annual subscription based on the number of patients using the platform.
Competitors
Not Applicable
Traction
Not Applicable
Due Diligence Docs
Please note that access to the company's confidential materials is limited. Click this button to request access from the Company and its representatives.
Supporters
Alex Fair, MS 02/14/2019 -
Interested in investing in the project.
Help us find best new ideas to fund by telling us what you think. Your feedback goes
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Elnaz Sarabchian is a successful CEO and Board member, building two companies over her 8-year C-level career. An inspired, visionary leader with a proven t...
Progress to
date:
