Introduction to Sports Injuries by- Dr. Anjali Rai
12.04.3 7 minute pitch
1. Developing customizable smartphone
and web applications for doctorsto
personalizepatient engagement in
chronic care situations.
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3. The pattern – Repeated in College
Doctors miss things by no fault of their own
Medications do not workby themselves
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4. Treatment Follow Up is inconsistent
Only 20% make recommended follow
up appointments during first 3 months
60% of Patients adherent at 3 months
43% Adherent at 6 months
~50% Overall Adherence Long Term
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7. Profile – Set up by Patient
Web
(S)
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8. Use Walkthrough
Customize Prompt and Respond View History
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9. Built in logic
OR
617.555.5656
917.665.7272
911
Irregular, Alarming
Normal, Healthy
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10. Doctor can monitor in real
time and easily reach out;
change questions on the fly
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11. Provider Dashboard and Registry
Patients will eventually
be prioritized based on
severity of condition at
last check in (trending
patterns also taken
into account)
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12. Better Treatment
80% of patients in weekly communication
with care team had medication changed
within 60 days vs 15% in treatment as usual
Treatment Adjustment and Medication Adherence for Complex Patients With Diabetes, Heart Disease, and Depression:
A Randomized Controlled Trial
Lin, EHB, et al. (2012) Annals of Family Medicine 10:6-14.
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16. HITECH/EMRs ACO/PPACA
Tech Reform Mobile Payment Reform
Market factors aligned for the first time
Prescribable Apps Confidential @RxApps
17. Benefits of Use
Patients
Higher quality of life
Providers and Concierge Care Systems
Competitive advantage
Opportunity for increased revenue
Large Hospital Systems (ACOs, IDNs)
Population management
Shared Savings Program quality reporting
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18. Revenue: Per member per month subscription
Scenario 1 – Focus:
Only past inpatient/ED history
At $10/mo: $36,000,000/year
Providers: +$12,000,000/year + SSP bonuses
Scenario 2 – Volume:
All Patients Receiving Treatment
At $5/mo: $93,000,000/year
Providers: +$18,600,000/year + SSP bonuses
Calculations based on 5 large provider systems
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19. 5 ‘Dream’ Customers, ~1.6 Million Users
Paul Sherman, Med. Dir. at Group Health
Board President of Seattle Counseling Service, 660k covered lives
Tom Sequist, CDO at Harvard Vanguard/Atrius
Researches quality improvement and under-represented
demographics, 1 M covered lives
George Isham, Med. Dir. at HealthPartners
Board of ICSI and NCQA, 1.4 M covered lives
Martha Wofford, VP at AETNA
Head of Consumer Platform, 13 M covered lives
Alfred Fortin, SVP at HMSA
mHealth Enthusiast, 600k covered lives
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20. Competition
Emerging market, so not much yet. And no one focused on MH
Mental Social Physician
Customizable Education
Health Community Dashboard
?
Care Mgmt
Companies
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21. The Ask
Funding: $500k for next 12 months
Private Enterprise Social
BU Focus Provider HIPAA Partner/ Community
Group Trial Redeploy Customer Deployed
500k 500k
Build…
Q2 2012 Q3 2012 Q4 2012 Q1 2013
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22. Team
Founders Advisors
John Moore III, CEO Chris Stakutis
Former genetics scientist Patient engagement research at CA
Tech
Organizer, Boston Health 2.0
Chapter Hospital software sales executive at
Patient Keeper
ElioMaggini, CTO
Anne Whitman, PhD
Multi-startup CTO
Founder, Cole Resource Center at
Successful exits to Google and McLean Hospital
Nokia; Visual VM for VZW
Leading patient advocate
Christopher McDonald, CFO
Sarah Lord, PhD
Back end developer
Director, Center for Technology and
Corporate financial analyst, RBS Behavioral Health at Dartmouth
John Moore Jr. Psychiatric Research Institute
Leading Healthcare IT analyst Thor Bergerson, MD
Idea originator and lead mkt Owner, ADHD Boston
advisor Director, Hallowell Center New York
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23. Advancing treatment outcomes for
chronic illness
“This could help us immensely “Better management of
with our quality payments.” “If outcomes can be mental health population?
-CMO, Pioneer ACO improved, this is a goldmine.” Yes, we need that.”
-CEO, Carve-out payer -VP, Safety-net system
Email: john3@PrescribableApps.com
Twitter: @RxApps
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25. Better Treatment
80% of patients in weekly communication
with care team had medication changed
within 60 days vs 15% in treatment as usual
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27. Mobile offering adoption by large
providers
ACO/PCMH Model
Now: Time to Act
Adoption
EHR
Quality Monitoring
Preventive Engagement
MU MU Stage 2 Convenience and ACO Year 1: ACO expansion; Year 2:
Loyalty Quality reporting Quality based payment
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28. Expansion
2017
Acquisition by:
-EMR Co.
Solutions for
other Chronic -Large Payor
Illnesses -DM Co.
Primary Care
Implementation
(~140,000
practicing)
Psychiatric
Professional
Capture
(22,690
practicing)
2012
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29. My Path to PrescribableApps
2003
Vassar: Neuroscience
Post-undergrad: 2.5 years research at
MGH, NIBR – not for me
Post-research: MA2 and RVL Internships
1st Consulting Project: Health IT Market
Overview for major VC
2011
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31. Summary
PrescribableApps is a patient- 6
provider engagement solution
Patients will better self-manage
and doctors will provide smarter
treatment
Payer systems are starting to
invest in mobile offerings for
competitive advantage
(Aetna, Intermountain, Highmar
k, etc).
Very large (>$100 Bn) emerging
market for accountable care
organizations
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32. Vision: Platform for Connected and Continuous Care
6
“This could help us immensely “Better management of
with our quality payments.” “If outcomes can be mental health population?
-CMO, Pioneer ACO improved, this is a goldmine.” Yes, we need that.”
-CEO, Carve-out payer -VP, Safety-net system
Confidential @RxApps
33. Patient Engagement Offerings
Social community for
sharing experiences
Badges for continued
engagement, acknowledg
ement
Educational
resources, interactive
V IDEO
videos S ERIES
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34. Why this strategy will work:
4% return users on traditional static
browsers, 40% return users with mobile web.
Doctor engagement outside of care setting
increases adherence by ~33%
92% of US population owns a cell phone, and
smartphone saturation is expected in 3 years
We are developing a prescribablebehavioral
intervention, which has never been done before
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35. What we’re looking for now:
Funding: $500k for next 12 months
HIPAA compliance
Integration with first EMR system
Use cases for customers, strategics
Trial set up at BU, advisor can get us into rapid testing at
Dartmouth
Advisors and Feedback
Hospital administration connections, warm intros
Go-to-market validation
Algorithms/‘big data’ expertise
Consumer advocate leader (Anne Whitman?)
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36. Market – Mental Health Only Assume cost is
Scenario 1 – Focus: $4/pt per mo:
Only past inpatient/ED history
$21 Bn, 6 Million Patients
60% Margin
5% Reduction of costs = $166 saved per pt/year $21.6 M
5 Large Payers/Providers = 300,000 pts
At $10/mo: $36,000,000/year
Providers: $12,000,000/year + SSP bonuses
Scenario 2 – Volume:
All Patients Receiving Treatment
$113 Bn, 31 Million Patients
20% Margin
2% Reduction of costs = $72 saved per pt/year $18.6 M
5 Large Payers/Providers= 1,550,000 pts
At $5/mo: $93,000,000/year
Providers: $18,600,000/year + SSP bonuses
Confidential @RxApps