Date post: | 13-Jan-2017 |
Category: |
Health & Medicine |
Upload: | 1mcsac |
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PT TRACKPayal Karia - Joanne Werneke - Arohi Desai - Zachary Harmany
1st Place Winners Startup Weekend May 2016
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The introduction
PTTrack is a wearable and App solution for home and remote physical therapy exercise compliance verification that saves 50-90% per patient by eliminating return hospital stays.
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The Problem & Value Proposition
Physical Therapy Patients -Only 30% are compliant with home/ remote exercise programsBetter Outcomes for Patients
Physical Therapists - reduce exposure to medical lawsuits Insurance Companies - save 50-90% per patient
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The Market
Physical Therapy Patients in USAverage 9 million per year
MVP Knee Injuries797,250 per year
Knee Replacements currently 600,000 per year Forecast to increase to 3,2 million per year by 2030
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Business Model and Pricing
LaunchPatient pays for:Subscription service fee for each month of $8 with initial sign up fee of $20. Lease of wearable $50 a treatment course. Physical Therapist pays for:Patient tracking $5 per patient with first five patients free.Industry AdoptionInsurance pays $70 for each treatment course. Lease of wearable $50 a treatment course.
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Patient Projections
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Revenue Projections
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Competitive Landscape
Automatic Tracking
Accuracy Measurement
PT Interaction Exercise Videos Exercise Diary
PTTrack ✓ ✓ ✓ ✓ ✓
BlueJayPT ✓ ✓ ✓
PhysPrac ✓ ✓
Physical Therapy:Injury Rehab ✓ ✓
Current Manual Tracking ✓
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Progress
Patent application in process-Building Advisory Board -
Sharon Conner - UCDavis Telemedicine RNUCDavis Med Center Physical Therapy
Dept.Additions to Team -
Katherine Mathes - Sales/Marketing Mgr
-Tech Professionals -Financial Accounting
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Summary and Next Steps
Continue to add more Advisors and Team Members
Complete development phase and begin Prototype
Get reimbursement approval from Insurance Companies
Engage with Insurance company investment and other investors