iq-sensor solutions cleveland medical hackathon 2015 engineer & patent specialist kyle reissner...
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The Team!Dr. Morteza Vatani - [email protected]
Inventor/EntrepreneurKyle McGee - [email protected]
IoT & SW DeveloperMike Hoffmam [email protected]
Respiratory TheorpistRyan Jefferis [email protected]
Bio-Medical Engineer & Patent SpecialistKyle Reissner [email protected]
Product MarketerMohit Gupta [email protected] Medical Doctor
Cleveland Medical Hackathon 2015
Sensor-IQ 250Wearable blood pressure
measurement bandIQ-Sensor Solutions
Enabling control
• Physicians to monitor impact of prescriptions in real time.
• Validated care plan with data driven decisions
• Empowering patients through data that leads to holistic well being
Reducing Cost
• Streamlining prescription drug plans
• Patients experience more side effects with incorrect dosage
• Hospital re-admissions Medicare/Medicaid penalty avoidance (35% Hypertension 90 Day re-admission rate)
Source: IMS Institute for Healthcare Informatics - April 7th 2015 (2013 Data)pubmed.gov (NIH Study September 2010)
Patient Impact
• 2 of the top 5 most prescribed drugs are blood pressure medications
• # 3 Lisinopril 101.5 Prescriptions
• #4 Metoprolol 83.9M Prescriptions
• ~15% of Americans are patients
• 10% SensorIQ250 Patients = 4.4M
Source: IMS Institute for Healthcare Informatics - April 7th 2015 (2013 Data)pubmed.gov (NIH Study September 2010)
318.9 M
45.7M
4.4M
$440 million
$1.15 billion35% CGAR
SensorIQ 250
Health & Fitness
$8B billion
17% CGAR
• 1 in 5 Americans owns a wearable (2014)
• 1 in 10 wears daily (2014)
99$ sell/band =
$440M potential revenue
The Market
http://www.prnewswire.com/news-releases/wearable-electronics-market-to-hit-us8-billion-value-by-2018-271697581.htmlhttp://www.broadcom.com/blog/ces/whats-the-market-size-for-wearables-bigger-than-you-think-says-ces-expert/
Wearable Market
Hack Design & Concept
Battery (12v)
Wifi (Photon)
Stretchable Sensor Patient AppProviders
Blood PressureDrug Confirm
RT BP
WiFi Photon
Battery
Sensor
End
Original Hackathon - Concept
Polymer bandwith embedded nanotubes
(approx size: 6mm x 35cm)
Contracting materialwhen energized Processor with
BT chipset
Battery
Empirical closed loop measurement of blood pressure
Strategy
Idea
Project start
Patent documentation
Market analysis
Final Product
Minimum viableproduct
Iterate
Market entry
Verification Market analysis
Customer feedbackPrototype
development
Leap, TVSF, NSF ICORPS
Hackathon
First application of this technology in the medical
field
Go to Market
Execution Plan
1. Prototype
2. Field testing
3. FDA Class 2 Device Approval 21CFR 870.1130 (non invasive blood pressure monitors)
4. Target insurance company contracts
5. Physician Outreach in target communities
Funding Items/Tasks
1. 3D Printer
2. Material Mixer
3. Production Engineering
4. Lab Research
5. App/SW Development
6. Field Testing
Software Plan
1. Downloadable App
2. Data into Health Record (via Validic)
3. Data into insurance provider
Capture
Other Application IdeasPatient
❖ Avoid Premature births (home based contractions)
❖ Needs based dialysis (time savings & quality of life) $$$
❖ Weight distribution
Physician
❖ Orthopaedic measurement to ensure physical therapy is completed.
Insurance
❖ Reduced hospital call backs within 30 days. weight sensing. (Congestive hearth failure & kidney disease patients) $$
❖ Needs based dialysis (lower costs by reducing time based visits, hospital admission reduction, improved efficiency of dialysis machines) - Metric is weight or growth of circumference of calf.
❖ Eliminate bedsores. pressure yoga mat.
Value HypothesesPatient
❖ More accurate self monitoring (blood pressure & weight) $$$$
❖ Avoid Premature births (home based contractions)
❖ Needs based dialysis (time savings & quality of life) $$$
Physician
❖ Empirical dosage of drugs (Closed loop) $$$
❖ Data driven doctor decisions
❖ Orthopaedic measurement to ensure physical therapy is completed.
System
❖ Reduced hospital call backs within 30 days. weight sensing. (Congestive hearth failure & kidney disease patients) $$
❖ Up to date transplant screening
❖ Needs based dialysis (lower costs by reducing time based visits, hospital admission reduction, improved efficiency of dialysis machines) - Metric is weight or growth of circumference of calf.
❖ reduce the risk to insurance companies.
❖ Eliminate bedsores. pressure yoga mat.
Variable dosage of drugs (with empirical closed loop)
❖ of the top 10 most prescribed drugs
❖ 2 are blood pressure medications
❖ 698 Mn Anti-hypertensives (12.9B Market 2013)
❖ # 3 Lisinopril 101.5 Prescriptions
❖ #4 Metoprolol 83.9M Prescriptions
❖ #8 biggest spend in drugs
❖ 1% Reduction with empirical dosage = $129 M savings
❖ Targeted Customer Benefits
❖ Insurance Companies = Reduced cost & risk for insuring
❖ Patient = Better outcomes, less burden, less side effects, quality of life improvements.
❖ Drug Manufactures = Better outcomes
❖ Doctor = reduced malpractice claims
Source: IMS Institute for Healthcare Informatics - April 7th 2015 (2013 Data)
Go to Market
1. Prototype
2. Medical study and patient trial
3. FDA Class 2/3 Device Approval
4. Target insurance company contracts
5. Physician Outreach
Startup Items/Tasks
• 3D Printer - 30k
• Material Mixer - 30k
• Engineering - 40k
ConceptApp performs this by user invoking or automatically based off set cycle
1. User places band on bicep
2. band is tight enough to stay in place
3. band syncs to smartphone app
4. smartphone app sets band preferences:
❖ measurement cycle time
❖ auto send email summary to: [email protected]
❖ manual or auto operation
5. app commands band to contract
6. band contracts via the ‘contractor’ piece of the band.
7. band loosens off when systolic pressure is detected
8. band loosens fully when diastolic pressure is detected
9. app displays blood pressure and sends an automatic summary if setup
Value
❖ Easy & automatic measurement of systolic & diastolic pressure
❖ Reduced cost compared to existing apparatus
❖ less intrusive and more comfortable to user vs. existing
❖ reduced travel to and from hospital for basic checkups
❖ automatic notification with data to emergency staff