Ehealthcaresystemsolympusangelspresentation 12609105667951-phpapp02
Click here to load reader
-
Upload
heartbeatemr -
Category
Technology
-
view
155 -
download
0
Transcript of Ehealthcaresystemsolympusangelspresentation 12609105667951-phpapp02
Page 1
e-Healthcare Systems, Inc.1231W 540S
Orem, UT 84058
Phone (Tom): 801-615-6920Phone (Paul): 801-423-0126 Fax: 801-423-0126
Emails: [email protected] [email protected]
Webs: www.e-healthcaresystems.com/heartbeat
www.heartbeatEMR.com
•Dr. Tom Schuler, MD, PhD – Founder, CEO•Paul Berney – Senior VP Marketing, Investor, Business
Advisor•Spencer Robertson – Attorney•Annie Seely – CPA•Doug G. ware – PR Person•Alec Swan – IT•11 Programmers - Outsourced
Business Description – Electronic Medical Records targeting Long Term care Industry (LTC)
Purpose for Meeting - Looking for 250K to take us to revenue
Page 2
Team Introduction
Problems/Solutions
Page 3
• EMRs are Mandated for 2014. The change is real and mandated.• Errors & Omissions Greatly Reduced• Reduction in Wrongful Giving of Medications
Solution - Government Mandate for EMRs & Utilizing Innovated technology
Liability Issues - Reduction in law suits, Medicare reimbursement reduction and possible loss of certification
Cost Benefits - SaaS (Software as a Service) payments (lower cost to the facilities), Reduces fines & penalties, fully integrated facility types (11 different facility types within one software program).
Market Opportunity• Improves quality, safety, efficiency and reduces health disparities• Access to comprehensive patient health data – Better ROI• Competition has not gone to Open Source yet• Competition does not have the Uniqueness we offer• Competition using platforms, languages & technology from year 2000• Competition doesn’t have the speed and easibility we offer• We will be 4 years ahead of competition
Overview of the Market - Approx. 70,000 facilities in the US broken down into eleven different types. Aging of America
defining the growth of the market.
Customer acquisition - Defined by the SaaS model for each facility (average cost will be between $600-$5,000)
Page 4
The Total Market
PHR
EMRLTC
Niche Market
EMR/EHRProviders
Page 5
The Niche Market – LTC 70,000+ Facilities – 11 Segments
RCFE
Home Care
Respite Care
Independent Care
Hospice
Health & Wellness
Intermediate Care
CCRC
Assisted Living
Adult Day Care
SNF
Page 6
• EMR (Electronic Medical records), 3 months before beta testing
• Copyright obtained
• Demonstrations available via the Internet
• We have current alliances established with patented technology and others in negotiation
• Current LOIs in place for beta testing which should lead to purchasing
Product & Technology
Page 7
Competitive Overview
• We have identified 50 major competitors offering within the market
• Our competitive advantage is our technology, alliances and our SaaS offering for all eleven segments of the industry within one software program
• Barriers to adoption - Name recognition, established relationships
• Competitors generally only offer up to three different types of software programs that are stand-alones each are priced separately.
• Our sustainable advantages are our use of today’s technology and alliances with patented technologies.
Page 8
Strategy
• 3-5 year goal - To capture a minimum of 10% of the market
• Development status - 3 months to beta testing
• Positive cash flow requirement - 250K required, within 6 months after infusion of investment money we should be in revenue
• Expected risks/challenges - see assumptions handout
• Targeting customers - Shows, emails, word of mouth, Cold calls, (regional rollouts), and contacting past customers
• Alliances and partners - Joint marketing agreements
Page 9
Financials
Page 10
Revenues, Cash Flow & P&L
FY1 FY2 FY3 FY4 FY4
Gross Revenue
$2.75M $5.5M $15.84M
COGs $378,700 $521,400 $681,400
Gross Margin ($)
$2.372M $4.98M $15.2M
Operating Expenses
$87,669 $1.387M $1.666M
Earnings $2.28M $3.6M $13.54M
SaaS Monthly Pricing Model
• Number of Patient Beds • Number of Facilities • Number of Work Stations• Number of Staff Using Software• A Factor based on Support, Maintenance, Customization,
Training
Monthly Estimated Payment Range: $600-$5,000/Mo.
Average Monthly Payment @ $3,000/Mo.
100 Fac./Mo. @12 Months = 3.6 Million/Yr.
1500 Fac./Mo. @12 Months = 54 Million/Yr.
OUT OF 70,000 FACILITIESPage 11
Scalability, is to define the specific requirements for scalability on dimensions which are deemed important. It is a highly significant issue in electronics systems, database, routers, and networking. A system whose performance improves after adding hardware, proportionally to the capacity added, is said to be a scalable system. An algorithm, design, networking protocol, program, or other system is said to scale if it is suitably efficient and practical when applied to large situations (e.g. a large input data set or large number of participating nodes in the case of a distributed system). If the design fails when the quantity increases then it does not scale. We meet all these definitions for our EMR software program.
Scalability
Page 12
Domain & Startup Experience - Dr. Tom Schuler and Paul Berney
Advisory Board
• Lynn Ventura – Advisory Board, 5 RCFE Facilities (California)
•Chad Godfrey – Advisory Board, Willow Creek Healthcare (Home Care Business) (Utah)
•Mary Monroe, CMT – Advisory Board, PHR Specialist (Florida)
Positions to be filled - CEO, CFO, Sales People (4), HR, IT Person
Why this team will win – We are utilizing only experienced healthcare professional people from the Industry segments we are marketing to.
Page 13
Management
Page 14
Funds required & use of funds – 250K, Salaries, Shows, Programmers, equipment – next round $2,000,000 (6-12 mo.)
Time & money Invested – 4 years development, over $1,000,000 invested
Milestones for 250K:
Milestones Time LineFinish Programming 3 months
Beta Testing 3-6 months
Shows 1-3 months
Marketing Materials 1-3 months
Funding & Milestones
Page 15
Exit Startegy
How do investors make money - Debit/Equity, Loan interest , IPO, or Divesture (Acquisition)
Example of successful exit - GE, Microsoft, IBM Google, One of our top 10 competitors
Time frame for exit - 3-5 years within the mandated EMR time by the US government
Page 16
Summary
The government has mandated EMR implementation for 2014 and has allocated 19.1 Billion dollars in grant money - The government has defined our market and are helping to fund it. We have identified the niche market that the big boys are not tarketing.
We have a grant writing team in Washington that is writing a grant template for us that will allow both our business and to offer to our customers a potential means of funding for our software. A point of differentiation that our competitors are not offering at this time.
Our SaaS model will generate revenue from each client on 3-5 year contracts. This will be a steady flow of revenue for the company.
We are not just looking for money but expertise at many levels
Bottom Line!
Times are a' changing
This To ThisPage 17