SlideShare a Scribd company logo
Obii A.I.	
  Platform
Developed	
  by	
  Wynkk	
  Research	
  SC1,	
  LLC
Obii
M.D. just met A.I.
on-demand medical transcription and coding – powered by artificial intelligence
SUMMARY
Category & Business
Model
• Sector: Artificial Intelligence/ Mobile/ Medical Finance / Computer Assisted Coding
• Customer: Doctors | Medical practices | Hospitals | Medical billing companies
• RevenueModel: SAAS subscription, deploymentconsulting
• Pricing: $400-$999 per month on annual contract (based on level)
GeographicFocus • United States
Stage
• Revenue: Not yet
• Last fund stage: None – self funded
• Founder Investment:$175,000 from Co-founders
InvestmentSought
• Amount: $750k
• Structure: Priced round;Seed (other optionspossible)
Team
• Founders:2
• Staff: 3 (1 FTE, 2 PTE)
• # staff convinced to quit their job: 1
The American Medical Association estimates that if all health
insurers were able to eliminate all claim payment errors, the
health care system would save $17 billion per year.
Obii is a mobile, cloud-based and “provider-first” Computer Assisted Coding
platform for the medical industry.
Obii increases the accuracy and consistency of the medical transcription and
coding process by applying artificial intelligence and a streamlined interview-style
user experience on demand.
Obii is designed to integrate easily with existing EHR software and legacy billing
processes, resulting in increased revenue and efficiency.
We generate revenue by charging the medical provider a monthly subscription fee,
and through deployment consulting fees.
WE’RE WORKING TO ELIMINATE THOSE ERRORS
The Problem
Healthcare providers lose as much
as 35% of their revenue because of
billing mistakes caused by human
error.
“The AMA found a 2% rise in claims processing errors over last year’s
findings, which added an estimated $1.5 billion in unnecessary
administrativecosts to the health system.” - National Health Insurer Report Card, AMA
Solution
A mobile artificial intelligence
powered medical transcription
and coding platform that
minimizes the potential for human
error AND is easily used by the
healthcare provider.
1.	
  http://library.ahima.org/xpedio/groups/public/documents/ahima/bok1_050230.hcsp?dDocName=bok1_050230
“Improvements in efficiency can be as high as 50 percent.”
-­‐ Kathy	
  Westhafer,	
  RHIA,	
  CHPS;	
  Christiana	
  Care	
  Health	
  System
Meet Obii.
Transcription and Coding in your hand.
Designed with actual physicians to be “provider-first”
Streamlined interview-style experience ensures both
accuracy and consistency in patient reports
Advanced artificial intelligence and natural language
processing removes the potential for human error
Empowers the Medical Coder to act as an editor –
reducing workload and increasing productivity
Easily integrated into existing revenue lifecycle
workflows, EHR systems, and billing solutions
Only solution that handles both transcription and coding
Where Obii makes a difference
Accounts Receivable
Submit Claim
Create Claim
Code Research
Editing
Transcription
Dictation
Dr. sees patient
These are the steps in the claims process
where the highest number of errors occur.
Obii’s artificial intelligence and
streamlined process solve that
problem.
THE MARKET SIZE
$3.5 Billion
Estimated Computer Assisted Coding market by 20191
16.5%Estimated CAGR
1. http://www.marketsandmarkets.com/Market-Reports/computer-assisted-coding-market-170644018.html
905,000 Active physicians in the USA
5,627 Hospitals
35 Major non-Medicare private health insurance companies
3,755 Medical claims processing companies
COMPETITION Affordable
Provider first
Expensive
Antiquated
workflow
Obii
BUSINESS MODEL
We charge a monthly subscription
per provider
We charge the hospital/practice an
initial deployment consulting fee
+
1,000
providers @ $500 per
month
=	
   $6MM in
revenue
THE CORE TEAM
Brian Bagdasarian
Co-Founder – Drives vision and operations
HISTORY: Developed base of current system whilemanaging SuisseCap Everest Fund for purposeof generating human-like
trading decisions in global currency markets. Has led the project’s development from the beginning.
Linkedin.com/in/brianbagdasarian
Hamza Waqas
Lead Programmer
Experience: Senior Team Lead – Logica Global,
Senior Team Lead – 10Pearls Solutions
Pakistan
https://pk.linkedin.com/in/hamzawaqas
Suresh Neelagaru, M.D.
Co-Founder – Chief Medical Officer
Practicing Cardiacelectrophysiologist in Amarillo TX
Previous founder of EMDConnect,a medical scheduling solution
*we have a few others, but that’s why we need you!
FOUNDERS
SENIOR TEAM
Robert Izatt
Chief Operating Officer
Experience: IT Operations manager for large,
multi-state banking and financial institution
COMPANY HISTORY
Bagdasarian 40%
Neelagaru 40%
Waqas 5%
Izatt 1.5%
Key hire vesting pool 13.5%
Summary Cap TableMilestones
• 2014: Bagdasarian beginsadapting prior research
• April 2015 – Company founded
• September 2015 – first tech demo of conversational A.I.
• December 2015 – Initial conversationswith early adopters successful
• January 2016 – Successful demonstration of code identification without
human intervention achieved
• March 2016 – Private Beta testing begun
TODAY AND THE FUTURE
So where are we?
We’re about to enter our private beta test phase.
We are pre-revenue at the moment, and have bootstrapped this project.
We’ve got our system working, and have the future in development.
We’ve had significant interest from the marketplace.
We need to hire a few key players and attack the market.
WHY DO WE NEED MONEY?
We have a first mover advantage right now. We need to capitalize on this.
We need:
to hire a marketing person to develop our go-to-market strategy.
to hire sales talent whom know the space, and how to approach.
to build out our support team so that everyone loves us.
to grow our development team to maintain rapid improvements.
to partner with a strong BPO provider to drive our growth.
WHAT ARE OUR GOALS?
In 2016 we will:
• Deploy the system to 50 initial users during the private beta.(Q2)
• Develop and execute our early launch marketing plan with the target of 500 paying users by end
of Q1 2017
• Achieve 95%+ automated accuracy on report generation
• Provide direct API integration with AllscriptsEMR, Dr. Chrono EMR and others.
• Increase the Obii AI system’s functionality to include ordering of labs
• Refine the conversational engine to allow for 100% voice interaction
• Partner with key BPO solutions providers in the industry to drive our growth
WE ARE SEEKING $750K @ A 5MM VALUATION.
USE OF FUNDS
*A more detailed breakdown is available upon request
Assumptions
• The company has been very conservative in adoption rates, and has excluded any large groups in the initial growth
period (large hospitals, etc). Our reality is that a single hospital would allow us to reach the estimated revenue.
• Several staffing positions have been assumed to be filled at certain times – these are ideals, and later fills will adjust
burn rate accordingly
• There is a significant initial talent acquisition phase, and then managed growth based upon estimated demand. Full
load is at end of Q4 2016. This would of course be adjusted based upon ramp up rate and user demand.
• All staffings are located in, and based upon, the lower 25% percentile of current compensation, of the greater Portland,
Maine market.
• All staffing is assumed to be located within the USA, namely the Greater Portland, Maine area, which is located 86
miles north of Boston, MA, but has operational costs of nearly 40% less
• All assumptions are based upon available market research, current market climate, and previous experience of the
team.
USE OF FUNDS
*A more detailed breakdown is available upon request
Operational Costs Through
Q4 2016
Revenue Generated
Through Q4 2016
Comments
Engineering $275,000
Product Management $55,000
Customer Success $125,000
Marketing $175,000
Sales $160,000
G&A/Legal/IP $425,000
Total 2016 Expenses $1,215,000
Revenue Gen. 2016
(conservative)
$200,000 Assumes total of 400
active users in 2016 that
paid for a single month
Less Revenue $1,015,000
Estimated burn rate allows for 7-9 months of operation and growth
Nomenclature
Medical/healthcare provider: A doctor or other medical professional whom is compensated, at least in
part, by medical insurance companies for their services.
Medical Billing Company: A third-party contractor that performs varying levels of service in managing the
process from transcription to final payment of the medical provider. They are normally compensated as a
percentage of gross billables.
Medical coding: Alphanumeric codes that correlate to diagnoses (ICD-10), and procedures (CPT) that are
used to standardize reporting and billing of medical procedures.
Transcription: The transfer of spoken or recorded speech to written or typed format. Normally the first part
of the medical report process.
INTERESTED?
obii{a.i.}
info@wynkkresearch.com

More Related Content

What's hot

2. 2017 top 10 md vendors 4 28
2. 2017 top 10 md vendors 4 282. 2017 top 10 md vendors 4 28
2. 2017 top 10 md vendors 4 28
Tim Histalk
 
Code and Care - case studies
Code and  Care  -  case studiesCode and  Care  -  case studies
Code and Care - case studies
Andrew Gromenko
 
Top ten challenges for investment banks 2015 restructuring challenge 7
Top ten challenges for investment banks 2015 restructuring challenge 7Top ten challenges for investment banks 2015 restructuring challenge 7
Top ten challenges for investment banks 2015 restructuring challenge 7
accenture
 
Five Years Later: An Updated Look at Health Care Reform and Small Business (M...
Five Years Later: An Updated Look at Health Care Reform and Small Business (M...Five Years Later: An Updated Look at Health Care Reform and Small Business (M...
Five Years Later: An Updated Look at Health Care Reform and Small Business (M...
Manta
 
The Role of AI in Healthcare - EZDI
The Role of AI in Healthcare - EZDIThe Role of AI in Healthcare - EZDI
The Role of AI in Healthcare - EZDI
ezDI
 
Thriving on Disruption
Thriving on Disruption Thriving on Disruption
Thriving on Disruption
accenture
 
Managing Risk in a digital world: successfully enabling the quest for new rev...
Managing Risk in a digital world: successfully enabling the quest for new rev...Managing Risk in a digital world: successfully enabling the quest for new rev...
Managing Risk in a digital world: successfully enabling the quest for new rev...
accenture
 
E Healthcare Systems Angels Presentation
E Healthcare Systems  Angels PresentationE Healthcare Systems  Angels Presentation
E Healthcare Systems Angels Presentation
hunterberney
 
2015 Healthcare IT Vision: Top 5 eHealth Trends
2015 Healthcare IT Vision: Top 5 eHealth Trends2015 Healthcare IT Vision: Top 5 eHealth Trends
2015 Healthcare IT Vision: Top 5 eHealth Trends
accenture
 
Partner Roadmap Webinar: Partner Community (April 3, 2014)
Partner Roadmap Webinar: Partner Community (April 3, 2014)Partner Roadmap Webinar: Partner Community (April 3, 2014)
Partner Roadmap Webinar: Partner Community (April 3, 2014)
Salesforce Partners
 
5 Reasons Why Coding and Documentation Audits are More Important than Ever
5 Reasons Why Coding and Documentation Audits are More Important than Ever5 Reasons Why Coding and Documentation Audits are More Important than Ever
5 Reasons Why Coding and Documentation Audits are More Important than Ever
ezDI
 
Build smart hospitals with ai healthcare assistants optimize efficiency &...
Build smart hospitals with ai healthcare assistants optimize efficiency &...Build smart hospitals with ai healthcare assistants optimize efficiency &...
Build smart hospitals with ai healthcare assistants optimize efficiency &...
Enterprise Bot
 
Computer assisted cdi your secret weapon to revenue generation
Computer assisted cdi your secret weapon to revenue generationComputer assisted cdi your secret weapon to revenue generation
Computer assisted cdi your secret weapon to revenue generation
ezDI
 
Vital SSON
Vital SSONVital SSON
Vital SSON
Lawrence K
 
The Promise of Artificial Intelligence
The Promise of Artificial IntelligenceThe Promise of Artificial Intelligence
The Promise of Artificial Intelligence
Accenture Insurance
 
Seb corporate presentation june 2013
Seb corporate presentation june 2013Seb corporate presentation june 2013
Seb corporate presentation june 2013TSXV-SEB
 

What's hot (16)

2. 2017 top 10 md vendors 4 28
2. 2017 top 10 md vendors 4 282. 2017 top 10 md vendors 4 28
2. 2017 top 10 md vendors 4 28
 
Code and Care - case studies
Code and  Care  -  case studiesCode and  Care  -  case studies
Code and Care - case studies
 
Top ten challenges for investment banks 2015 restructuring challenge 7
Top ten challenges for investment banks 2015 restructuring challenge 7Top ten challenges for investment banks 2015 restructuring challenge 7
Top ten challenges for investment banks 2015 restructuring challenge 7
 
Five Years Later: An Updated Look at Health Care Reform and Small Business (M...
Five Years Later: An Updated Look at Health Care Reform and Small Business (M...Five Years Later: An Updated Look at Health Care Reform and Small Business (M...
Five Years Later: An Updated Look at Health Care Reform and Small Business (M...
 
The Role of AI in Healthcare - EZDI
The Role of AI in Healthcare - EZDIThe Role of AI in Healthcare - EZDI
The Role of AI in Healthcare - EZDI
 
Thriving on Disruption
Thriving on Disruption Thriving on Disruption
Thriving on Disruption
 
Managing Risk in a digital world: successfully enabling the quest for new rev...
Managing Risk in a digital world: successfully enabling the quest for new rev...Managing Risk in a digital world: successfully enabling the quest for new rev...
Managing Risk in a digital world: successfully enabling the quest for new rev...
 
E Healthcare Systems Angels Presentation
E Healthcare Systems  Angels PresentationE Healthcare Systems  Angels Presentation
E Healthcare Systems Angels Presentation
 
2015 Healthcare IT Vision: Top 5 eHealth Trends
2015 Healthcare IT Vision: Top 5 eHealth Trends2015 Healthcare IT Vision: Top 5 eHealth Trends
2015 Healthcare IT Vision: Top 5 eHealth Trends
 
Partner Roadmap Webinar: Partner Community (April 3, 2014)
Partner Roadmap Webinar: Partner Community (April 3, 2014)Partner Roadmap Webinar: Partner Community (April 3, 2014)
Partner Roadmap Webinar: Partner Community (April 3, 2014)
 
5 Reasons Why Coding and Documentation Audits are More Important than Ever
5 Reasons Why Coding and Documentation Audits are More Important than Ever5 Reasons Why Coding and Documentation Audits are More Important than Ever
5 Reasons Why Coding and Documentation Audits are More Important than Ever
 
Build smart hospitals with ai healthcare assistants optimize efficiency &...
Build smart hospitals with ai healthcare assistants optimize efficiency &...Build smart hospitals with ai healthcare assistants optimize efficiency &...
Build smart hospitals with ai healthcare assistants optimize efficiency &...
 
Computer assisted cdi your secret weapon to revenue generation
Computer assisted cdi your secret weapon to revenue generationComputer assisted cdi your secret weapon to revenue generation
Computer assisted cdi your secret weapon to revenue generation
 
Vital SSON
Vital SSONVital SSON
Vital SSON
 
The Promise of Artificial Intelligence
The Promise of Artificial IntelligenceThe Promise of Artificial Intelligence
The Promise of Artificial Intelligence
 
Seb corporate presentation june 2013
Seb corporate presentation june 2013Seb corporate presentation june 2013
Seb corporate presentation june 2013
 

Viewers also liked

Digital Marketing Trends for 2016 by YDM's Innovation Center (Korean)
Digital Marketing Trends for 2016 by YDM's Innovation Center (Korean)Digital Marketing Trends for 2016 by YDM's Innovation Center (Korean)
Digital Marketing Trends for 2016 by YDM's Innovation Center (Korean)
Yello Digital Marketing
 
Introducing Buddy: Your emotional assistant
Introducing Buddy: Your emotional assistantIntroducing Buddy: Your emotional assistant
Introducing Buddy: Your emotional assistant
Ismaël Méité
 
Buddy-Watcher - Communication in Scuba Diving 4.0
Buddy-Watcher - Communication in Scuba Diving 4.0Buddy-Watcher - Communication in Scuba Diving 4.0
Buddy-Watcher - Communication in Scuba Diving 4.0
Pole20
 
The Extreme Future of Health Care 2014
The Extreme Future of Health Care 2014The Extreme Future of Health Care 2014
The Extreme Future of Health Care 2014
James Canton
 
Accretive Health - Revenue Cycle Management - Medical Billing Services
Accretive Health - Revenue Cycle Management - Medical Billing Services Accretive Health - Revenue Cycle Management - Medical Billing Services
Accretive Health - Revenue Cycle Management - Medical Billing Services
AccretiveHealth
 
The Oregon-Oxford Debate
The Oregon-Oxford DebateThe Oregon-Oxford Debate
The Oregon-Oxford DebateKatrina Naval
 
Oxford – Oregon Debate (How to's and tips)
Oxford – Oregon Debate (How to's and tips)Oxford – Oregon Debate (How to's and tips)
Oxford – Oregon Debate (How to's and tips)Carmela Yasay
 
Artificial intelligence
Artificial intelligenceArtificial intelligence
Artificial intelligence
Sameep Sood
 
The Ultimate Guide to E-Commerce Statistics in Southeast Asia & Malaysia
The Ultimate Guide to E-Commerce Statistics in Southeast Asia & MalaysiaThe Ultimate Guide to E-Commerce Statistics in Southeast Asia & Malaysia
The Ultimate Guide to E-Commerce Statistics in Southeast Asia & Malaysia
CK Wong
 
Tracxn Research — Artificial Intelligence Startup Landscape, September 2016
Tracxn Research — Artificial Intelligence Startup Landscape, September 2016Tracxn Research — Artificial Intelligence Startup Landscape, September 2016
Tracxn Research — Artificial Intelligence Startup Landscape, September 2016
Tracxn
 
The State of Healthcare in South East Asia
The State of Healthcare in South East AsiaThe State of Healthcare in South East Asia
The State of Healthcare in South East Asia
Edelman
 
Artificial Intelligence Presentation
Artificial Intelligence PresentationArtificial Intelligence Presentation
Artificial Intelligence Presentationlpaviglianiti
 
Artificial Intelligence
Artificial IntelligenceArtificial Intelligence
Artificial Intelligence
u053675
 
Healthcare industry ppt
Healthcare industry pptHealthcare industry ppt
Healthcare industry ppt
Ankit Agarwal
 
Digital in 2017: Southeast Asia
Digital in 2017: Southeast AsiaDigital in 2017: Southeast Asia
Digital in 2017: Southeast Asia
We Are Social Singapore
 

Viewers also liked (15)

Digital Marketing Trends for 2016 by YDM's Innovation Center (Korean)
Digital Marketing Trends for 2016 by YDM's Innovation Center (Korean)Digital Marketing Trends for 2016 by YDM's Innovation Center (Korean)
Digital Marketing Trends for 2016 by YDM's Innovation Center (Korean)
 
Introducing Buddy: Your emotional assistant
Introducing Buddy: Your emotional assistantIntroducing Buddy: Your emotional assistant
Introducing Buddy: Your emotional assistant
 
Buddy-Watcher - Communication in Scuba Diving 4.0
Buddy-Watcher - Communication in Scuba Diving 4.0Buddy-Watcher - Communication in Scuba Diving 4.0
Buddy-Watcher - Communication in Scuba Diving 4.0
 
The Extreme Future of Health Care 2014
The Extreme Future of Health Care 2014The Extreme Future of Health Care 2014
The Extreme Future of Health Care 2014
 
Accretive Health - Revenue Cycle Management - Medical Billing Services
Accretive Health - Revenue Cycle Management - Medical Billing Services Accretive Health - Revenue Cycle Management - Medical Billing Services
Accretive Health - Revenue Cycle Management - Medical Billing Services
 
The Oregon-Oxford Debate
The Oregon-Oxford DebateThe Oregon-Oxford Debate
The Oregon-Oxford Debate
 
Oxford – Oregon Debate (How to's and tips)
Oxford – Oregon Debate (How to's and tips)Oxford – Oregon Debate (How to's and tips)
Oxford – Oregon Debate (How to's and tips)
 
Artificial intelligence
Artificial intelligenceArtificial intelligence
Artificial intelligence
 
The Ultimate Guide to E-Commerce Statistics in Southeast Asia & Malaysia
The Ultimate Guide to E-Commerce Statistics in Southeast Asia & MalaysiaThe Ultimate Guide to E-Commerce Statistics in Southeast Asia & Malaysia
The Ultimate Guide to E-Commerce Statistics in Southeast Asia & Malaysia
 
Tracxn Research — Artificial Intelligence Startup Landscape, September 2016
Tracxn Research — Artificial Intelligence Startup Landscape, September 2016Tracxn Research — Artificial Intelligence Startup Landscape, September 2016
Tracxn Research — Artificial Intelligence Startup Landscape, September 2016
 
The State of Healthcare in South East Asia
The State of Healthcare in South East AsiaThe State of Healthcare in South East Asia
The State of Healthcare in South East Asia
 
Artificial Intelligence Presentation
Artificial Intelligence PresentationArtificial Intelligence Presentation
Artificial Intelligence Presentation
 
Artificial Intelligence
Artificial IntelligenceArtificial Intelligence
Artificial Intelligence
 
Healthcare industry ppt
Healthcare industry pptHealthcare industry ppt
Healthcare industry ppt
 
Digital in 2017: Southeast Asia
Digital in 2017: Southeast AsiaDigital in 2017: Southeast Asia
Digital in 2017: Southeast Asia
 

Similar to Obii | Medical Transcription and Coding Powered By Artificial Intelligence

3. 2017 other md vendors 5 5 b
3. 2017 other md vendors 5 5 b3. 2017 other md vendors 5 5 b
3. 2017 other md vendors 5 5 b
Tim Histalk
 
What is InfoQuest?
What is InfoQuest?What is InfoQuest?
What is InfoQuest?
Tom McCabe
 
IMPACTMeds Investor Brief
IMPACTMeds Investor BriefIMPACTMeds Investor Brief
IMPACTMeds Investor BriefIMPACTMeds
 
Mm isv program-_swg
Mm isv program-_swgMm isv program-_swg
Mm isv program-_swginfosatya
 
Michel agriopoulos 2016 hcs
Michel agriopoulos 2016 hcsMichel agriopoulos 2016 hcs
Michel agriopoulos 2016 hcs
Michel Agriopoulos
 
Michel agriopoulos 2016 hcs
Michel agriopoulos 2016 hcsMichel agriopoulos 2016 hcs
Michel agriopoulos 2016 hcs
Michel Agriopoulos
 
1015 hess and sasso
1015 hess and sasso1015 hess and sasso
1015 hess and sassohfmadixie
 
How to Leverage Increased Data Granularity in the ICD-10 Code Set
How to Leverage Increased Data Granularity in the ICD-10 Code SetHow to Leverage Increased Data Granularity in the ICD-10 Code Set
How to Leverage Increased Data Granularity in the ICD-10 Code Set
Perficient, Inc.
 
Change Your Mindset: The Key to Growing Your Accounting Practice
Change Your Mindset: The Key to Growing Your Accounting PracticeChange Your Mindset: The Key to Growing Your Accounting Practice
Change Your Mindset: The Key to Growing Your Accounting Practice
Aggregage
 
ConnexionsAsia's Biz Model for Wellness
ConnexionsAsia's Biz Model for WellnessConnexionsAsia's Biz Model for Wellness
ConnexionsAsia's Biz Model for Wellness
Jeffrey Funk Business Models
 
Health net presentation_at_asse_meeting_oct_01_2006
Health net presentation_at_asse_meeting_oct_01_2006Health net presentation_at_asse_meeting_oct_01_2006
Health net presentation_at_asse_meeting_oct_01_2006Remedy Interactive
 
Vocera investordeck december web
Vocera investordeck  december webVocera investordeck  december web
Vocera investordeck december web
vocera2016ir
 
Purchase & Supply Chain Mangagment (Medical Transcription)
Purchase & Supply Chain Mangagment (Medical Transcription)Purchase & Supply Chain Mangagment (Medical Transcription)
Purchase & Supply Chain Mangagment (Medical Transcription)Ravi Nakulan
 
2468 process innovation & enterprise architecture -(foundation for operation...
2468  process innovation & enterprise architecture -(foundation for operation...2468  process innovation & enterprise architecture -(foundation for operation...
2468 process innovation & enterprise architecture -(foundation for operation...
Ravi Sarkar
 
P2P in 2020 - The Push for Supplier Self-Service
P2P in 2020 - The Push for Supplier Self-ServiceP2P in 2020 - The Push for Supplier Self-Service
P2P in 2020 - The Push for Supplier Self-Service
Tradeshift
 
Hot to Get Telesales Right | AgentCubed
Hot to Get Telesales Right | AgentCubedHot to Get Telesales Right | AgentCubed
Hot to Get Telesales Right | AgentCubed
Jeff Morgan
 
Achieving Operational Efficiency and Effectiveness with Digital Transformatio...
Achieving Operational Efficiency and Effectiveness with Digital Transformatio...Achieving Operational Efficiency and Effectiveness with Digital Transformatio...
Achieving Operational Efficiency and Effectiveness with Digital Transformatio...
Appian
 

Similar to Obii | Medical Transcription and Coding Powered By Artificial Intelligence (20)

3. 2017 other md vendors 5 5 b
3. 2017 other md vendors 5 5 b3. 2017 other md vendors 5 5 b
3. 2017 other md vendors 5 5 b
 
What is InfoQuest?
What is InfoQuest?What is InfoQuest?
What is InfoQuest?
 
IMPACTMeds Investor Brief
IMPACTMeds Investor BriefIMPACTMeds Investor Brief
IMPACTMeds Investor Brief
 
Mm isv program-_swg
Mm isv program-_swgMm isv program-_swg
Mm isv program-_swg
 
Rubix Health Columbia 015
Rubix Health Columbia 015Rubix Health Columbia 015
Rubix Health Columbia 015
 
Michel Agriopoulos 2016HCS
Michel Agriopoulos 2016HCSMichel Agriopoulos 2016HCS
Michel Agriopoulos 2016HCS
 
Michel agriopoulos 2016 hcs
Michel agriopoulos 2016 hcsMichel agriopoulos 2016 hcs
Michel agriopoulos 2016 hcs
 
Michel agriopoulos 2016 hcs
Michel agriopoulos 2016 hcsMichel agriopoulos 2016 hcs
Michel agriopoulos 2016 hcs
 
1015 hess and sasso
1015 hess and sasso1015 hess and sasso
1015 hess and sasso
 
How to Leverage Increased Data Granularity in the ICD-10 Code Set
How to Leverage Increased Data Granularity in the ICD-10 Code SetHow to Leverage Increased Data Granularity in the ICD-10 Code Set
How to Leverage Increased Data Granularity in the ICD-10 Code Set
 
Ihop Cs Slide Final Xp
Ihop Cs Slide Final   XpIhop Cs Slide Final   Xp
Ihop Cs Slide Final Xp
 
Change Your Mindset: The Key to Growing Your Accounting Practice
Change Your Mindset: The Key to Growing Your Accounting PracticeChange Your Mindset: The Key to Growing Your Accounting Practice
Change Your Mindset: The Key to Growing Your Accounting Practice
 
ConnexionsAsia's Biz Model for Wellness
ConnexionsAsia's Biz Model for WellnessConnexionsAsia's Biz Model for Wellness
ConnexionsAsia's Biz Model for Wellness
 
Health net presentation_at_asse_meeting_oct_01_2006
Health net presentation_at_asse_meeting_oct_01_2006Health net presentation_at_asse_meeting_oct_01_2006
Health net presentation_at_asse_meeting_oct_01_2006
 
Vocera investordeck december web
Vocera investordeck  december webVocera investordeck  december web
Vocera investordeck december web
 
Purchase & Supply Chain Mangagment (Medical Transcription)
Purchase & Supply Chain Mangagment (Medical Transcription)Purchase & Supply Chain Mangagment (Medical Transcription)
Purchase & Supply Chain Mangagment (Medical Transcription)
 
2468 process innovation & enterprise architecture -(foundation for operation...
2468  process innovation & enterprise architecture -(foundation for operation...2468  process innovation & enterprise architecture -(foundation for operation...
2468 process innovation & enterprise architecture -(foundation for operation...
 
P2P in 2020 - The Push for Supplier Self-Service
P2P in 2020 - The Push for Supplier Self-ServiceP2P in 2020 - The Push for Supplier Self-Service
P2P in 2020 - The Push for Supplier Self-Service
 
Hot to Get Telesales Right | AgentCubed
Hot to Get Telesales Right | AgentCubedHot to Get Telesales Right | AgentCubed
Hot to Get Telesales Right | AgentCubed
 
Achieving Operational Efficiency and Effectiveness with Digital Transformatio...
Achieving Operational Efficiency and Effectiveness with Digital Transformatio...Achieving Operational Efficiency and Effectiveness with Digital Transformatio...
Achieving Operational Efficiency and Effectiveness with Digital Transformatio...
 

Recently uploaded

Maxilla, Mandible & Hyoid Bone & Clinical Correlations by Dr. RIG.pptx
Maxilla, Mandible & Hyoid Bone & Clinical Correlations by Dr. RIG.pptxMaxilla, Mandible & Hyoid Bone & Clinical Correlations by Dr. RIG.pptx
Maxilla, Mandible & Hyoid Bone & Clinical Correlations by Dr. RIG.pptx
Dr. Rabia Inam Gandapore
 
Pulmonary Thromboembolism - etilogy, types, medical- Surgical and nursing man...
Pulmonary Thromboembolism - etilogy, types, medical- Surgical and nursing man...Pulmonary Thromboembolism - etilogy, types, medical- Surgical and nursing man...
Pulmonary Thromboembolism - etilogy, types, medical- Surgical and nursing man...
VarunMahajani
 
TEST BANK for Operations Management, 14th Edition by William J. Stevenson, Ve...
TEST BANK for Operations Management, 14th Edition by William J. Stevenson, Ve...TEST BANK for Operations Management, 14th Edition by William J. Stevenson, Ve...
TEST BANK for Operations Management, 14th Edition by William J. Stevenson, Ve...
kevinkariuki227
 
Triangles of Neck and Clinical Correlation by Dr. RIG.pptx
Triangles of Neck and Clinical Correlation by Dr. RIG.pptxTriangles of Neck and Clinical Correlation by Dr. RIG.pptx
Triangles of Neck and Clinical Correlation by Dr. RIG.pptx
Dr. Rabia Inam Gandapore
 
BRACHYTHERAPY OVERVIEW AND APPLICATORS
BRACHYTHERAPY OVERVIEW  AND  APPLICATORSBRACHYTHERAPY OVERVIEW  AND  APPLICATORS
BRACHYTHERAPY OVERVIEW AND APPLICATORS
Krishan Murari
 
Ophthalmology Clinical Tests for OSCE exam
Ophthalmology Clinical Tests for OSCE examOphthalmology Clinical Tests for OSCE exam
Ophthalmology Clinical Tests for OSCE exam
KafrELShiekh University
 
Knee anatomy and clinical tests 2024.pdf
Knee anatomy and clinical tests 2024.pdfKnee anatomy and clinical tests 2024.pdf
Knee anatomy and clinical tests 2024.pdf
vimalpl1234
 
Phone Us ❤85270-49040❤ #ℂall #gIRLS In Surat By Surat @ℂall @Girls Hotel With...
Phone Us ❤85270-49040❤ #ℂall #gIRLS In Surat By Surat @ℂall @Girls Hotel With...Phone Us ❤85270-49040❤ #ℂall #gIRLS In Surat By Surat @ℂall @Girls Hotel With...
Phone Us ❤85270-49040❤ #ℂall #gIRLS In Surat By Surat @ℂall @Girls Hotel With...
Savita Shen $i11
 
micro teaching on communication m.sc nursing.pdf
micro teaching on communication m.sc nursing.pdfmicro teaching on communication m.sc nursing.pdf
micro teaching on communication m.sc nursing.pdf
Anurag Sharma
 
Non-respiratory Functions of the Lungs.pdf
Non-respiratory Functions of the Lungs.pdfNon-respiratory Functions of the Lungs.pdf
Non-respiratory Functions of the Lungs.pdf
MedicoseAcademics
 
basicmodesofventilation2022-220313203758.pdf
basicmodesofventilation2022-220313203758.pdfbasicmodesofventilation2022-220313203758.pdf
basicmodesofventilation2022-220313203758.pdf
aljamhori teaching hospital
 
Flu Vaccine Alert in Bangalore Karnataka
Flu Vaccine Alert in Bangalore KarnatakaFlu Vaccine Alert in Bangalore Karnataka
Flu Vaccine Alert in Bangalore Karnataka
addon Scans
 
How STIs Influence the Development of Pelvic Inflammatory Disease.pptx
How STIs Influence the Development of Pelvic Inflammatory Disease.pptxHow STIs Influence the Development of Pelvic Inflammatory Disease.pptx
How STIs Influence the Development of Pelvic Inflammatory Disease.pptx
FFragrant
 
KDIGO 2024 guidelines for diabetologists
KDIGO 2024 guidelines for diabetologistsKDIGO 2024 guidelines for diabetologists
KDIGO 2024 guidelines for diabetologists
د.محمود نجيب
 
24 Upakrama.pptx class ppt useful in all
24 Upakrama.pptx class ppt useful in all24 Upakrama.pptx class ppt useful in all
24 Upakrama.pptx class ppt useful in all
DrSathishMS1
 
Hemodialysis: Chapter 3, Dialysis Water Unit - Dr.Gawad
Hemodialysis: Chapter 3, Dialysis Water Unit - Dr.GawadHemodialysis: Chapter 3, Dialysis Water Unit - Dr.Gawad
Hemodialysis: Chapter 3, Dialysis Water Unit - Dr.Gawad
NephroTube - Dr.Gawad
 
Evaluation of antidepressant activity of clitoris ternatea in animals
Evaluation of antidepressant activity of clitoris ternatea in animalsEvaluation of antidepressant activity of clitoris ternatea in animals
Evaluation of antidepressant activity of clitoris ternatea in animals
Shweta
 
Cervical & Brachial Plexus By Dr. RIG.pptx
Cervical & Brachial Plexus By Dr. RIG.pptxCervical & Brachial Plexus By Dr. RIG.pptx
Cervical & Brachial Plexus By Dr. RIG.pptx
Dr. Rabia Inam Gandapore
 
BENIGN PROSTATIC HYPERPLASIA.BPH. BPHpdf
BENIGN PROSTATIC HYPERPLASIA.BPH. BPHpdfBENIGN PROSTATIC HYPERPLASIA.BPH. BPHpdf
BENIGN PROSTATIC HYPERPLASIA.BPH. BPHpdf
DR SETH JOTHAM
 
Physiology of Chemical Sensation of smell.pdf
Physiology of Chemical Sensation of smell.pdfPhysiology of Chemical Sensation of smell.pdf
Physiology of Chemical Sensation of smell.pdf
MedicoseAcademics
 

Recently uploaded (20)

Maxilla, Mandible & Hyoid Bone & Clinical Correlations by Dr. RIG.pptx
Maxilla, Mandible & Hyoid Bone & Clinical Correlations by Dr. RIG.pptxMaxilla, Mandible & Hyoid Bone & Clinical Correlations by Dr. RIG.pptx
Maxilla, Mandible & Hyoid Bone & Clinical Correlations by Dr. RIG.pptx
 
Pulmonary Thromboembolism - etilogy, types, medical- Surgical and nursing man...
Pulmonary Thromboembolism - etilogy, types, medical- Surgical and nursing man...Pulmonary Thromboembolism - etilogy, types, medical- Surgical and nursing man...
Pulmonary Thromboembolism - etilogy, types, medical- Surgical and nursing man...
 
TEST BANK for Operations Management, 14th Edition by William J. Stevenson, Ve...
TEST BANK for Operations Management, 14th Edition by William J. Stevenson, Ve...TEST BANK for Operations Management, 14th Edition by William J. Stevenson, Ve...
TEST BANK for Operations Management, 14th Edition by William J. Stevenson, Ve...
 
Triangles of Neck and Clinical Correlation by Dr. RIG.pptx
Triangles of Neck and Clinical Correlation by Dr. RIG.pptxTriangles of Neck and Clinical Correlation by Dr. RIG.pptx
Triangles of Neck and Clinical Correlation by Dr. RIG.pptx
 
BRACHYTHERAPY OVERVIEW AND APPLICATORS
BRACHYTHERAPY OVERVIEW  AND  APPLICATORSBRACHYTHERAPY OVERVIEW  AND  APPLICATORS
BRACHYTHERAPY OVERVIEW AND APPLICATORS
 
Ophthalmology Clinical Tests for OSCE exam
Ophthalmology Clinical Tests for OSCE examOphthalmology Clinical Tests for OSCE exam
Ophthalmology Clinical Tests for OSCE exam
 
Knee anatomy and clinical tests 2024.pdf
Knee anatomy and clinical tests 2024.pdfKnee anatomy and clinical tests 2024.pdf
Knee anatomy and clinical tests 2024.pdf
 
Phone Us ❤85270-49040❤ #ℂall #gIRLS In Surat By Surat @ℂall @Girls Hotel With...
Phone Us ❤85270-49040❤ #ℂall #gIRLS In Surat By Surat @ℂall @Girls Hotel With...Phone Us ❤85270-49040❤ #ℂall #gIRLS In Surat By Surat @ℂall @Girls Hotel With...
Phone Us ❤85270-49040❤ #ℂall #gIRLS In Surat By Surat @ℂall @Girls Hotel With...
 
micro teaching on communication m.sc nursing.pdf
micro teaching on communication m.sc nursing.pdfmicro teaching on communication m.sc nursing.pdf
micro teaching on communication m.sc nursing.pdf
 
Non-respiratory Functions of the Lungs.pdf
Non-respiratory Functions of the Lungs.pdfNon-respiratory Functions of the Lungs.pdf
Non-respiratory Functions of the Lungs.pdf
 
basicmodesofventilation2022-220313203758.pdf
basicmodesofventilation2022-220313203758.pdfbasicmodesofventilation2022-220313203758.pdf
basicmodesofventilation2022-220313203758.pdf
 
Flu Vaccine Alert in Bangalore Karnataka
Flu Vaccine Alert in Bangalore KarnatakaFlu Vaccine Alert in Bangalore Karnataka
Flu Vaccine Alert in Bangalore Karnataka
 
How STIs Influence the Development of Pelvic Inflammatory Disease.pptx
How STIs Influence the Development of Pelvic Inflammatory Disease.pptxHow STIs Influence the Development of Pelvic Inflammatory Disease.pptx
How STIs Influence the Development of Pelvic Inflammatory Disease.pptx
 
KDIGO 2024 guidelines for diabetologists
KDIGO 2024 guidelines for diabetologistsKDIGO 2024 guidelines for diabetologists
KDIGO 2024 guidelines for diabetologists
 
24 Upakrama.pptx class ppt useful in all
24 Upakrama.pptx class ppt useful in all24 Upakrama.pptx class ppt useful in all
24 Upakrama.pptx class ppt useful in all
 
Hemodialysis: Chapter 3, Dialysis Water Unit - Dr.Gawad
Hemodialysis: Chapter 3, Dialysis Water Unit - Dr.GawadHemodialysis: Chapter 3, Dialysis Water Unit - Dr.Gawad
Hemodialysis: Chapter 3, Dialysis Water Unit - Dr.Gawad
 
Evaluation of antidepressant activity of clitoris ternatea in animals
Evaluation of antidepressant activity of clitoris ternatea in animalsEvaluation of antidepressant activity of clitoris ternatea in animals
Evaluation of antidepressant activity of clitoris ternatea in animals
 
Cervical & Brachial Plexus By Dr. RIG.pptx
Cervical & Brachial Plexus By Dr. RIG.pptxCervical & Brachial Plexus By Dr. RIG.pptx
Cervical & Brachial Plexus By Dr. RIG.pptx
 
BENIGN PROSTATIC HYPERPLASIA.BPH. BPHpdf
BENIGN PROSTATIC HYPERPLASIA.BPH. BPHpdfBENIGN PROSTATIC HYPERPLASIA.BPH. BPHpdf
BENIGN PROSTATIC HYPERPLASIA.BPH. BPHpdf
 
Physiology of Chemical Sensation of smell.pdf
Physiology of Chemical Sensation of smell.pdfPhysiology of Chemical Sensation of smell.pdf
Physiology of Chemical Sensation of smell.pdf
 

Obii | Medical Transcription and Coding Powered By Artificial Intelligence

  • 1. Obii A.I.  Platform Developed  by  Wynkk  Research  SC1,  LLC Obii M.D. just met A.I. on-demand medical transcription and coding – powered by artificial intelligence
  • 2. SUMMARY Category & Business Model • Sector: Artificial Intelligence/ Mobile/ Medical Finance / Computer Assisted Coding • Customer: Doctors | Medical practices | Hospitals | Medical billing companies • RevenueModel: SAAS subscription, deploymentconsulting • Pricing: $400-$999 per month on annual contract (based on level) GeographicFocus • United States Stage • Revenue: Not yet • Last fund stage: None – self funded • Founder Investment:$175,000 from Co-founders InvestmentSought • Amount: $750k • Structure: Priced round;Seed (other optionspossible) Team • Founders:2 • Staff: 3 (1 FTE, 2 PTE) • # staff convinced to quit their job: 1
  • 3. The American Medical Association estimates that if all health insurers were able to eliminate all claim payment errors, the health care system would save $17 billion per year.
  • 4. Obii is a mobile, cloud-based and “provider-first” Computer Assisted Coding platform for the medical industry. Obii increases the accuracy and consistency of the medical transcription and coding process by applying artificial intelligence and a streamlined interview-style user experience on demand. Obii is designed to integrate easily with existing EHR software and legacy billing processes, resulting in increased revenue and efficiency. We generate revenue by charging the medical provider a monthly subscription fee, and through deployment consulting fees. WE’RE WORKING TO ELIMINATE THOSE ERRORS
  • 5. The Problem Healthcare providers lose as much as 35% of their revenue because of billing mistakes caused by human error. “The AMA found a 2% rise in claims processing errors over last year’s findings, which added an estimated $1.5 billion in unnecessary administrativecosts to the health system.” - National Health Insurer Report Card, AMA
  • 6. Solution A mobile artificial intelligence powered medical transcription and coding platform that minimizes the potential for human error AND is easily used by the healthcare provider. 1.  http://library.ahima.org/xpedio/groups/public/documents/ahima/bok1_050230.hcsp?dDocName=bok1_050230 “Improvements in efficiency can be as high as 50 percent.” -­‐ Kathy  Westhafer,  RHIA,  CHPS;  Christiana  Care  Health  System
  • 7. Meet Obii. Transcription and Coding in your hand. Designed with actual physicians to be “provider-first” Streamlined interview-style experience ensures both accuracy and consistency in patient reports Advanced artificial intelligence and natural language processing removes the potential for human error Empowers the Medical Coder to act as an editor – reducing workload and increasing productivity Easily integrated into existing revenue lifecycle workflows, EHR systems, and billing solutions Only solution that handles both transcription and coding
  • 8. Where Obii makes a difference Accounts Receivable Submit Claim Create Claim Code Research Editing Transcription Dictation Dr. sees patient These are the steps in the claims process where the highest number of errors occur. Obii’s artificial intelligence and streamlined process solve that problem.
  • 9. THE MARKET SIZE $3.5 Billion Estimated Computer Assisted Coding market by 20191 16.5%Estimated CAGR 1. http://www.marketsandmarkets.com/Market-Reports/computer-assisted-coding-market-170644018.html 905,000 Active physicians in the USA 5,627 Hospitals 35 Major non-Medicare private health insurance companies 3,755 Medical claims processing companies
  • 11. BUSINESS MODEL We charge a monthly subscription per provider We charge the hospital/practice an initial deployment consulting fee + 1,000 providers @ $500 per month =   $6MM in revenue
  • 12. THE CORE TEAM Brian Bagdasarian Co-Founder – Drives vision and operations HISTORY: Developed base of current system whilemanaging SuisseCap Everest Fund for purposeof generating human-like trading decisions in global currency markets. Has led the project’s development from the beginning. Linkedin.com/in/brianbagdasarian Hamza Waqas Lead Programmer Experience: Senior Team Lead – Logica Global, Senior Team Lead – 10Pearls Solutions Pakistan https://pk.linkedin.com/in/hamzawaqas Suresh Neelagaru, M.D. Co-Founder – Chief Medical Officer Practicing Cardiacelectrophysiologist in Amarillo TX Previous founder of EMDConnect,a medical scheduling solution *we have a few others, but that’s why we need you! FOUNDERS SENIOR TEAM Robert Izatt Chief Operating Officer Experience: IT Operations manager for large, multi-state banking and financial institution
  • 13. COMPANY HISTORY Bagdasarian 40% Neelagaru 40% Waqas 5% Izatt 1.5% Key hire vesting pool 13.5% Summary Cap TableMilestones • 2014: Bagdasarian beginsadapting prior research • April 2015 – Company founded • September 2015 – first tech demo of conversational A.I. • December 2015 – Initial conversationswith early adopters successful • January 2016 – Successful demonstration of code identification without human intervention achieved • March 2016 – Private Beta testing begun
  • 14. TODAY AND THE FUTURE So where are we? We’re about to enter our private beta test phase. We are pre-revenue at the moment, and have bootstrapped this project. We’ve got our system working, and have the future in development. We’ve had significant interest from the marketplace. We need to hire a few key players and attack the market.
  • 15. WHY DO WE NEED MONEY? We have a first mover advantage right now. We need to capitalize on this. We need: to hire a marketing person to develop our go-to-market strategy. to hire sales talent whom know the space, and how to approach. to build out our support team so that everyone loves us. to grow our development team to maintain rapid improvements. to partner with a strong BPO provider to drive our growth.
  • 16. WHAT ARE OUR GOALS? In 2016 we will: • Deploy the system to 50 initial users during the private beta.(Q2) • Develop and execute our early launch marketing plan with the target of 500 paying users by end of Q1 2017 • Achieve 95%+ automated accuracy on report generation • Provide direct API integration with AllscriptsEMR, Dr. Chrono EMR and others. • Increase the Obii AI system’s functionality to include ordering of labs • Refine the conversational engine to allow for 100% voice interaction • Partner with key BPO solutions providers in the industry to drive our growth WE ARE SEEKING $750K @ A 5MM VALUATION.
  • 17. USE OF FUNDS *A more detailed breakdown is available upon request Assumptions • The company has been very conservative in adoption rates, and has excluded any large groups in the initial growth period (large hospitals, etc). Our reality is that a single hospital would allow us to reach the estimated revenue. • Several staffing positions have been assumed to be filled at certain times – these are ideals, and later fills will adjust burn rate accordingly • There is a significant initial talent acquisition phase, and then managed growth based upon estimated demand. Full load is at end of Q4 2016. This would of course be adjusted based upon ramp up rate and user demand. • All staffings are located in, and based upon, the lower 25% percentile of current compensation, of the greater Portland, Maine market. • All staffing is assumed to be located within the USA, namely the Greater Portland, Maine area, which is located 86 miles north of Boston, MA, but has operational costs of nearly 40% less • All assumptions are based upon available market research, current market climate, and previous experience of the team.
  • 18. USE OF FUNDS *A more detailed breakdown is available upon request Operational Costs Through Q4 2016 Revenue Generated Through Q4 2016 Comments Engineering $275,000 Product Management $55,000 Customer Success $125,000 Marketing $175,000 Sales $160,000 G&A/Legal/IP $425,000 Total 2016 Expenses $1,215,000 Revenue Gen. 2016 (conservative) $200,000 Assumes total of 400 active users in 2016 that paid for a single month Less Revenue $1,015,000 Estimated burn rate allows for 7-9 months of operation and growth
  • 19. Nomenclature Medical/healthcare provider: A doctor or other medical professional whom is compensated, at least in part, by medical insurance companies for their services. Medical Billing Company: A third-party contractor that performs varying levels of service in managing the process from transcription to final payment of the medical provider. They are normally compensated as a percentage of gross billables. Medical coding: Alphanumeric codes that correlate to diagnoses (ICD-10), and procedures (CPT) that are used to standardize reporting and billing of medical procedures. Transcription: The transfer of spoken or recorded speech to written or typed format. Normally the first part of the medical report process.