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Nom Pitch Slides
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Transcript of Nom Pitch Slides
1Sling
Background - Patient Transfer Lifts
Ceiling Lift Floor Lift
Background - Slings
Various Styles of Slings (~$250)
The problem
https://j.gifs.com/zp8rkm.gif
The problem
Current sling insertion method
The problem - Validation
“The challenge with placing the sling is … the difficult patient turns. Often two nurses are not available, so one nurse will try to do it alone, leading to the nurse getting injured.”
- Joanne Chambers, RN, ICU at Sunnybrook Hospital, Toronto
Existing Solutions
The solution
1Sling
1S
The solution
1Sling
1S
Customer Segment
Care Institutions → The paying customers
Caregivers → The prospective users of 1Sling
Key Partners - In initial stages
What they would do for us What we would do for them
Introduce 1Sling to caregivers within hospitals
Allow 1Sling to gain traction in the medical community
Provide safer working environment for caregivers
Make patient transfers more efficient
Reduce hospital spending on worker’s compensation
Hospitals and caregiver unions (such as the Ontario Nurses Association)Who are they?
Key Partners - In later stages
What they would do for us What we would do for them
License 1Sling to be packaged and distributed with lifts
Increase adoption of 1Sling by caregivers
Maximize efficiency of patient lifts
Lift manufacturers and large players in the patient handling systems market of North AmericaWho are they?
Revenue Streams
94,000cumulative lifts introduced to NA hospitals
2007-2021
$350milworker’s
compensation for patient handling
injuries
per year
$300Savings per sling per year if using
1Sling
$600/unitProjected sale price of
1Sling
→ Hospitals can recover investment in two years
Revenue Streams
Key Milestones2018: 0.5% penetration CDN market → $230k revenue
2023: Entry to U.S. market
2025: 5% penetration NA market → $9.5mil revenue
Timeline
Aug 2016
Sep 2016Validation and feedback Prototype and testing Demo Day
Timeline
Aug 2016
Sep 2016
Aug 2017 File provisional patentIterate design based on
testingPrototype iteration Perform testing in
nursing simulation lab
Validation and feedback Prototype and testing Demo Day
Timeline
Aug 2016
Sep 2016
Aug 2017
Safety CertificationJan 2018 Pitch to GTA hospitals and caregiver unions
Low-volume manufacturing
File provisional patentIterate design based on
testingPrototype iteration Perform testing in
nursing simulation lab
Validation and feedback Prototype and testing Demo Day
Team
Liam D’SouzaBiomedical Engineering,
3rd year
Adithya PrashantCivil Engineering,
3rd year
Caiden ChihMechanical Engineering,
4th year
Technical Mentor: Sarah Johnston RN, MN - Lecturer at Bloomberg Faculty of Nursing, University of Toronto, and practicing nurse at St. Michael’s Hospital
The solution
1Sling
1S
The solution
1Sling
1S
The problem
Rates of musculoskeletal injuries in workers in various industries
The problem - Validation
“The challenge with placing the sling is that you are expected to have two nurses to help with the difficult patient turns. Often two nurses are not available, so one nurse will try to do it alone, leading to the nurse getting injured.”
-Joanne Chambers, RN, ICU at Sunnybrook Hospital, Toronto
https://j.gifs.com/zp8rkm.gif
The problem
Current sling insertion method:
Insert sling image here
Divided-leg patient sling (as used in video)
Log-roll method
Existing Solutions
Background - Patient Transfer Lifts
The problem
25% of all workers’ compensation claims in U.S. hospitals arise from patient handling injuries
20,000 patient handling injuries each year that cause missed work
$320 million is the total annual expense of worker’s compensation for patient handling injuries to U.S. hospitals
All figures based on 2011 data
The single greatest risk factor for overexertion injuries in healthcare workers is the manual lifting, moving and repositioning of patients, residents or clients, i.e., manual patient handling.
manual liftingmanual movingmanual repositioning
✔
xx
Problem Addressed by Lifts
The problem
https://j.gifs.com/zp8rkm.gif
The problem
Current sling insertion method:Insert sling image here
A common patient transfer sling
Customer Segment
Caregivers → The prospective users of 1Sling
Care Institutions (i.e. acute care hospitals, long term care centers, home care)
→ The paying customers
The problem
25% of all workers’ compensation claims in U.S. hospitals arise from patient handling injuries
2 million lost workdays due to injury reported by U.S. healthcare workers in 2011
$2 billion is the total annual expense to U.S. hospitals for worker injury (based on 2011 data)
The single greatest risk factor for overexertion injuries in healthcare workers is the manual lifting, moving and repositioning of patients, residents or clients, i.e., manual patient handling.
The problem
Revenue Streams
~94,000 cumulative patient lifts introduced to NA hospitals from 2007-2021
→ 2007-2014: 41,573→ 2014-2021: 52, 212 (projection)
~$350 million in total worker’s compensation cost of patient handling injuries to NA hospitals each year
→ ~$300 max savings per sling per year if NA hospitals replaced existing slings with 1Sling
Sale price per unit of 1Sling: $600 (⅓ of max savings per sling)
Background - Patient Transfer Lifts
OLD SLIDES
The problem
Patient Transfer
● Impractical and non-ergonomic methods
● Cause of numerous caregiver injuries each year
Design solution
The Swivet
Walkthrough of The Swivet (Transferring patient from bed to wheelchair)
1.
4. 3.
2.
Existing Solutions (1)Gait Belt
● Induces strain on arms and lower back regions of the clinician
● Repeated use can cause bruisingTo abdominal region of patient
Existing Solutions (2)Overhead (Ceiling) Lift
● Cannot be moved across a facility(i.e. are permanent fixtures) and are expensive to install
Floor Lift● Takes up significant floor space in
hospitals and are difficult to transport● Very costly device● Time-consuming to set up and use
Analysis of Patient Handling Systems Market
Revenue Forecast
Revenue Forecast by Care-Setting and Region
ROI for the Customer (Hospitals)
● Studies have shown that the initial capital investment in safe handling programs, and equipment by hospitals can be recovered in less than 5 years from implementation
Some prime examples:
● Patient handling injuries account for 25% of all workers’ compensation claims in U.S. hospitals
Next Steps
● Finalize Design
● Proof of concept prototyping
● Test run of prototype in nursing ward at U of T Bloomberg Nursing Building
Finalize design
Discuss concept with healthcare
professionals and receive feedback.
July End
July Mid
August Start
Begin soft prototyping
(Solidworks)
Begin physical prototyping, develop more accurate cost
estimation, and obtain
manufacturers’ quotes.
Prototype/design modification based
on field testing results
August EndField testing of
physical prototype
July Start