Delivered himss angel investor deck final

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description

Delivered pitch from HIMSS Angel Fair

Transcript of Delivered himss angel investor deck final

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DischargeSummaries

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Continuity of Patient CareCompliance

Physician Productivity

Cash flow

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JAMA Discharge Summary Study

Missing Critical Information

11%

89%

Untimely

25%

66%

9%

- Journal of the American Medical Association, February, 28 2007

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Impact of the Problem

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• Financial losses

• Productivity

• Non-compliance

• Continuity of care

• Clinical inefficiencies

• Patient satisfaction

“The consequences for not completing the necessary components of a discharge summary can be far-reaching. . . physicians. . . have held up as much as $400,000 to $1 million in potential revenue by not completing discharge summaries in a timely manner.”

For the Record, “Coding’s Endgame”, March 2009.

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Discharge Summary Xcelerator

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The DSX is a highly-intelligent solution that assimilates diagnoses-relevant information from patient charts into summary format for physician review and authentication.

• Authenticated summaries are available for:

1) inclusion in the hospital’s reimbursement workflow

2) patient/follow-up provider information access via a cloud

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How it works . . .

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DSX takes doctors from this . . .

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. . .to this

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Benefits

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• Improved Cash Flow

• Increased M.D. Productivity

• Regulatory Compliance

• Continuity of Care

• Patient/Referring M.D. Satisfaction

• Not disruptive to daily hospital operations

• Requires minimal front-end investment in new IT infrastructure and training

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Market Size

35,000,000

Discharge Summaries Annually

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Competition

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Status Quo

• EXISTING VENDORS

• EMRs

• CDI/Coding (e.g. 3M)

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Development Roadmap

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• DSX algorithm complete

• Filed process PPA: 9/1/2012

• Finalizing research protocol

• Complete beta: Q3

• Pilot complete: Q4

• Launch: Q1 2014

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Summary

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Real problem with a real solution.

Need financial investment:

• Complete BETA testing in the hospital setting

• Go to market