1 / 18

Virtual Medicine

Explore virtual medicine trends, opportunities, and the equation for success in this growing field. Learn about market projections, major players, and strategies for entrepreneurial success. Discover the potential future of virtual healthcare.

jollie
Download Presentation

Virtual Medicine

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. And the Role of Entrepreneurs Virtual Medicine

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

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

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

  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 PlatformFor 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

More Related