Infobite HBF activate pitch
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InfoBite aims to simplify patient communication through concise, timed information chunks. Their MVP uses email to send pre/post procedure instructions which could save millions in healthcare costs by improving compliance. Field testing a paper prototype showed promise. They now seek funds from HBF to expand their beta pilot and accelerate bringing their universal, low-cost solution to additional users and areas.
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Infobite HBF activate pitch
- 1. I n f o B i t e Simplify patient communication, one piece of information at a time
- 3. Time consuming Expensive Confusing Today’s solutions
- 4. $660,000,000 Cost to Medicare 8% Preventable hospital re-admissions due to non-compliance $ ??? Cost to private health insurance
- 5. Smaller, better understood chunks of information Time saving Better compliance Solution: InfoBite
- 7. - 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
- 9. Last 2 months Field testing manual prototype Last weekend HBF Hackathon Progress/plans
- 10. Last 2 months Field testing manual prototype Last weekend HBF Hackathon Past 7 days * Talks with ADA * Mockups * Coding Progress/plans
- 11. Last 2 months Field testing manual prototype Last weekend HBF Hackathon Past 7 days * Talks with ADA * Mockups * Coding 11/2016 * MVP Release * Early adopters ready Progress/plans
- 12. 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
- 13. 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?
- 14. I n f o B i t e Simplify patient communication, one piece of information at a time
- 15. * Fastest way to an MVP for quicker feedback * Universal - No app to download * Most cost-effective - bootstrap! MVP: Email based
- 16. 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
- 17. 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
- 18. 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
- 20. Via organisations. E.g. ADA Leverage Mediref client-base Network effects (long term!) Customer acquisition
- 21. Founder availability Hemal: * 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
- 22. Accelerator Funds $1,000 $25,000 $500 $2,000 Wages Server/support tools Rainy day Coding support (Monthly breakdowns listed) Anticipated* burn rate = $3,500 pm * Loaded term!!