Infobite HBF activate pitch

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InfoBite Simplify patient communication, one piece of information at a time

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Transcript of Infobite HBF activate pitch

  • I n f o B i t eSimplify patient communication, one

    piece of information at a time

  • Problem: Information overload

  • Time consuming Expensive Confusing

    Todays solutions

  • $660,000,000Cost to Medicare

    8%Preventable hospital re-admissions due to non-compliance

    $ ???Cost to private health insurance

  • Smaller, better understood chunks of information

    Time saving Better compliance

    Solution: InfoBite

  • - 24 hours

    Preparation to-do list

    T = 0

    Time of procedure

    + 24 hours

    Discharge Care instructions

    Morning of procedure

    Instructions for the day

    +72 hours

    Extra support options available

  • Last 2 monthsField testing manual prototype

    Progress/plans

  • Last 2 monthsField testing manual prototype

    Last weekendHBF Hackathon

    Progress/plans

  • Last 2 monthsField testing manual prototype

    Last weekendHBF Hackathon

    Past 7 days

    * Talks with ADA * Mockups * Coding

    Progress/plans

  • Last 2 monthsField testing manual prototype

    Last weekendHBF Hackathon

    Past 7 days

    * Talks with ADA * Mockups * Coding

    11/2016

    * MVP Release * Early adopters

    ready

    Progress/plans

  • Dr Anish Shah

    * Dentist by profession * Original InfoBite idea - scratching

    a personal itch * Co-founded

    www.mediref.com.au with me

    Team

    Hemal Ruparelia

    * Pharmacist by profession * Self-taught programmer * The other www.mediref.com.au

    co-founder

    http://www.mediref.com.auhttp://www.mediref.com.au

  • Expand beta-pilot to HBF specific areas

    Added exposure/word of mouth

    Additional resources

    E.g. Friendlies Pharmacies health services

    One of the chosen 3 Accelerate route to market

    HBF Activate: Why?

  • I n f o B i t eSimplify patient communication, one

    piece of information at a time

  • * Fastest way to an MVP for quicker feedback

    * Universal - No app to download

    * Most cost-effective - bootstrap!

    MVP: Email based

  • Procedures pre and post information

    21 3 4 5

    New patient intake - send out paperwork

    Review generator - for practices to generate a patient base

    Complex diagnoses - E.g. Diabetes

    Medico-legal benefits - electronic log of information sent to patients

    Use cases

  • Still evaluating exact pricing model. Options:

    * Flat subscription fees * Entirely metered usage. E.g. 50c per send * Mixture. E.g. 1 feed up to x patients for $10 pm, multiple feeds, for

    unlimited patients $100 pm

    Business Model: SAAS

  • Difficult to estimate due to the potential of expanding use cases

    * MVP - pre/post procedural information - 2 million per year (AU) * Software has applications beyond Australia * Approx 55,000 health service providing practices in Australia

    Market Size

  • 2-way communication

    MyHR Integration App-based communication

    Future goals

  • Via organisations. E.g. ADA

    Leverage Mediref client-base

    Network effects (long term!)

    Customer acquisition

  • Founder availabilityHemal: * Absent first week - hiking Peru with parents :D

    Anish: * Still actively practices 3.5 days of dentistry a week

    Both: * Presentation re: Mediref in Adelaide, 20th October * Presentation re: Mediref in Melbourne, 23rd November

  • Accelerator Funds$1,000

    $25,000

    $500$2,000

    Wages Server/supporttoolsRainyday Codingsupport

    (Monthly breakdowns listed) Anticipated* burn rate = $3,500 pm

    * Loaded term!!