Presentation for the breakfast series at the BioInc Incubator at New York Medical College

1. Virtual Medicine
And the Role of Entrepreneurs

2. Presented to
The Entrepreneurs
Breakfast Forum
April 21, 2016

3. What is an Entrepreneur?
Today’s Agenda
What is Virtual Medicine and why should an entrepreneur care?
Who are the players and where are the success stories?
Where are the opportunities for budding entrepreneurs?
Image source: www.tomorrowsindia.com

4. What is Virtual Medicine?
aka Telemedicine, Telehealth, mHealth, Connected Care
Virtual Medicine is the use of telecommunications and information
technologies to provide clinical healthcare at a distance.

5. What is the Equation for Success?
Market Need + Clinical Expertise + Technology
Platform + Startup Support + Timing =
Opportunity for Virtual Medicine Entrepreneur
Image source: www.alexstechthoughts.com

6. Perfect Timing For Virtual Medicine…
Rising Cost of Care
and lack of specialty physicians
in selected geographies
Affordable Care Act
created 10 million additional
insured individuals
Reimbursement
29 states mandate insurance
coverage for telemedicine
Technology Advances
ubiquitous mobile technology,
cloud computing, bandwidth
Image source: www.vigyaniz.com

7. …and the Market is Projected to
Grow Significantly
Worldwide revenue for virtual medicine is expected to swell to $4.5 billion in 2018, up
from $440.6 million in 2013.
The number of patients using virtual medicine services will rise to 7 million in 2018, up
from less than 350,000 in 2013.

8. While Big Name Companies Have
Become Involved...

9. Each has raised over $50 Million in Venture Capital
…Virtual Medicine is Still a Great
Opportunity for Entrepreneurs

10. Entrepreneurial Virtual Medicine Companies
Teleradiology
Other
Platform Companies
Provider Companies
Telepsychology

11. Each Industry Segment has its own cycle….
Platform
Companies
Telepsychology
Provider
Companies
Teleradiology

12. …Individual Companies set their own pace
Disclosure: HEALTHePRACTICES has a commercial relationship with these companies.

13. Dayhawk, not Nighthawk
Largest provider of Radiology
Services to Urgent Care centers
Entirely virtual company
Reading 3000 exams per day
Lessons learned from teleradiology
appropriate across the industry

14. Patient / Peer Video Consultations
• Simple, reliable HD video consulting
• HIPAA compliant, multi party, one-click launch
• Share screens, medical images, reports
Remote Patient Monitoring
• Connect to Over 40 Blue Tooth devices
• Includes consumer and proprietary clinical devices
Online MedVideo Library
• For patient and staff education
• Stores video, slides, photos, documents

15. First Telemedicine service targeting LGBT population
The Telehealth Platform
For Medical Professionals
HIPAA Compliant, E-Consultations, Patient
Scheduling,
Remote Patient Monitoring & much more…

16. What is the Potential Exit Strategy
for Virtual Medicine Entrepreneurs?
CEO sees telemedicine
opportunity with $2B
Oculus acquisition
How Google Glass Will
Transform Healthcare
New Kardia™ Band for Apple Watch
Delivers Medical-grade
Electrocardiogram (EKG) Anytime,
Anywhere

17. What’s the Next Big Thing in Virtual Medicine ?
Wearables
Big Data/ Population
Health Management
Deep Learning/
Machine Learning

18. For Additional Information
Howard Reis, President
HEALTHePRACTICES
845-392-2915
hreis@healthepractices.com
www.healthepractices.com