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BlockMedx pitch deck condensed


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BlockMedx pitch deck condensed

  1. 1. BLOCKMEDX Combating the Opioid Crisis on the Blockchain TM
  2. 2. • Opioid crisis is a national public health emergency • More people die from prescription opioid overdoses every year than car accidents. More deaths than breast and prostate cancer combined. 44 people die every single day • There is no trustless, fraud-proof solution to solve prescription fraud, abuse, and overprescribing Problem
  3. 3. Opioid Crisis by the Numbers Facts 500,000 projected to die within the next decade #1 Cause of accidental death is drug poisoning Since 1999, opioid prescriptions have more than quadrupled 5% of all hospital admissions due to opioid overdose 305,000 ED visits
  4. 4. Prescription Drug Monitoring Program (PDMP) • Online database of dispensed scheduled drugs •Inter-state variation in dispensed drug reporting formats and scheduled drugs monitored• Through 2019 CDC awards states between $750,000 and $1 million to implement PDMPs and improve prevention policies. • No interoperability standards • Pharmacists have up to 72 hours to record filled prescriptions in some states and up to three weeks in others • Limited provider access to state borders • Florida demonstrated a decrease of 18% in controlled prescription related deaths • Main value proposition is prevention of in-state doctor shopping which only accounts for between 21-32% of drug overdose deaths. • Limited provider access to established patients • No ‘real-time’ reporting with varied time lags • Not integrated into pharmacist/provider workflow • Does not address fraudulent prescriptions or over-prescribing • Does not address fraudulent patient registration Facts
  5. 5. Facts 290 Million prescriptions 11.7 Billion pills 2.1 Million abuse patients $75 Billion in costs Yearly Opioid Epidemic Cost Economic impact due to healthcare, criminal justice, and workplace costs $28.9 billion or 38.5% due to direct healthcare costs (ED visits, hospitalizations, substance abuse treatments) “The rapid and ongoing rise in both numbers of hospitalizations and their costs suggests that the burden of prescription opioid overdoses may threaten the infrastructure and finances of US hospitals.” Payor line of business Cost per membe r Excess cost per member Commercial $22K $16K Medicaid $25K $15K Medicare $15K $4K Veterans Affairs $19K $15K
  6. 6. Solution Distributed application built on the Ethereum blockchain Prescriptions accepted by pharmacy staff biometrically and MDX token deposited in pharmacy’s integrated wallet Full, real-time prescription history at the fingertips of both prescribers and pharmacies Constant, real-time database monitoring by machine-learning algorithms to identify and report fraud and suspicious activity to regulatory agencies as it happens Prescriptions are transmitted electronically, paired with a native MDX token Prescriptions are biometrically signed by prescriber • No more identity/authenticity issues Rx Rx
  7. 7. Solution An immutable fraud proof prescription ledger built on the blockchain that: 1. Authorizes healthcare providers for prescription transactions using a digital biometric signature 2. Eliminates patient fraud and abuse 3. Automates population health analytics with our machine-learning algorithms 4. Stores a single record across providers and state lines solving interoperability 5. Incentivizes parties in the system to make responsible choices, thereby reducing opioid abuse and overdoses and associated healthcare costs Solution
  8. 8. BlockMedx d-App User friendly access to the immutable record that allows providers to prescribe, pharmacists to verify, and patients to pay for prescription drugs
  9. 9. <screenshots > </screenshots > Screenshots
  10. 10. Competition Competitive Landscape • No direct competition • The Cures Act, signed in December 2016 by President Obama, gave $920 million over a two-year period to devote to opioid use disorder treatment. • State PDMPs receive only a fraction of funding for prevention with majority funneled towards access to therapy such as methadone clinics, MAT (medication assisted treatment) programs, and increased supply of naloxone. Opportunity exists to align incentives and reduce healthcare costs for both payors in a fee for service model and providers in a value based payment model
  11. 11. Competition Competitive Landscape Healthcare related blockchain startups include: Patientory: A personal health record on the blockchain that is interoperable with major EMR systems. Business model is B2C with patient’s paying cryptocurrency tokens to buy storage space. GEM: The GEM OS product is a middleware layer that allows developers to build distributed applications without blockchain coding knowledge, built on ehtereum and hyperledger. Currently pursuing companies in Canada and Europe to build on its platform. Healthcoin: A rewards based system that rewards diabetes patients for improved biomarkers. Targets payors and health systems interested in population health management.
  12. 12. Competitive Advantage First to market with no direct competitors Specialized and experienced team of domain experts First real-time prescription monitoring database UI/UX vastly superior to most existing healthcare software for both providers and patients Machine-learning algorithms and automated real-time incidence reporting for Population Health management Patents pending Interoperable prescription drug record New healthcare cryptocurrency for payments to doctors and pharmacies as well as discounted products and services Competition
  13. 13. January 2017 Development begins November 2017 High Fidelity Prototype September 2017 Incorporation December 2017 Business Development Q1 2018 MVP Completion & BlockMedx Network Live Q2 2018 Public Token Sale Q4 2018 Pilot Projects Brought Online Q4 2018 Raiden State Channels Implementation (Scaling Solution) Q1 2019 Further Implementation and On-Boarding of Healthcare Systems Q1 2019 EMR API Access and Integration Seed round* For operating expenses, software development, and initiation of pilot projects Financial Further expansion for comprehensive prescribing solution for all drugs in months 12-18. Medication adherence market = $300B in US alone
  14. 14. Team Alexander Antoniou MD|MBA, Chief Medical Officer Matthew Mitchell Senior Blockchain Engineer Michael J Brunner PharmD, Founder & CEO About
  15. 15. Advisor Jim Kyung-Soo Liew Ph.D. Professor, Johns Hopkins Carey School of Business About
  16. 16. ThankYou