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Third Opinion AI / Third Opinion Care
AI-powered online monitoring for bedridden patients
USA, California
Market: Medicine
Project stage: Prototype or product is ready
Market: Medicine
Project stage: Prototype or product is ready
Idea or High Level Concept
Third Opinion Care helps to control patient pose, bedsores prevention, fall risk prevention and out of the bed alarm
AI-powered online control of patient posture, bedsores prevention, fall risk prevention and out of the bed alarm.
Key values of Third Opinion Care are:
● valid video datasets for neural network training
● bedsores risk assessment based on Norton scale
● In-room micro-climate control
Territory of the product or service implementation
Global (world)
Traction and Current Status
Product prototype
Problem or Opportunity
● $11 bln - annual budget for patients with bedsores care
● 17 000 lawsuits annually due to bedsores - $4 bln in total
● 60 000 Americans die annually due to bedsores
● $13,000 - average hospital's operational cost for a serious fall-related injury
● 23 mln unpaid family caregivers in the USA
● 17 000 lawsuits annually due to bedsores - $4 bln in total
● 60 000 Americans die annually due to bedsores
● $13,000 - average hospital's operational cost for a serious fall-related injury
● 23 mln unpaid family caregivers in the USA
Solution
Third Opinion Care is a plug and play hardware/software complex. It is delivered to the customer in a carry on case and can use WiFi or mobile internet connection. The setup and installation time is up to 5 minutes only and here you go - the virtual nurse supervisor is ready to provide the needed service to your loved ones.
Customer Segments and Market
Third Opinion Care is application for the most vulnerable patients - those who are bedridden. Based on Artificial Intelligence it detects the patients position, fall risk and emergency signals and provides micro-climate control and visitors authorization.
Market potential
● $400 bln elderly care services annually in US
● $13.6 bln global Long-term Care and Home Healthcare Technology Market
Market potential
● $400 bln elderly care services annually in US
● $13.6 bln global Long-term Care and Home Healthcare Technology Market
Revenue Streams and Cost Structure
Business plan - $20 mln annual revenue by 2022
500 clinics as B2B customers by 2022
30 000 families as B2C customers by 2022
500 clinics as B2B customers by 2022
30 000 families as B2C customers by 2022
Business Model, Chanells, Metrics
B2B
B2C
B2C
Competitors and Existing Alternatives
● Smart Peep
● Cherry AI
● bed alarm sensor equipment
● smart mattresses
● Cherry AI
● bed alarm sensor equipment
● smart mattresses
Advantages or differentiators
● valid video datasets for neural network training
● bedsores risk assessment based on Norton scale
● In-room micro-climate control
● bedsores risk assessment based on Norton scale
● In-room micro-climate control
Risks
Competitive Market
Incubation/Acceleration programs accomplishment
None
Presence of invention or patent
No
Money will be spent on
•finalize product development
•produce 1 000 sets of Third Opinion Care
•pilot the solution with 5 B2B customers in USA
•pilot the solution with 20 families in USA
•get ready to market
•produce 1 000 sets of Third Opinion Care
•pilot the solution with 5 B2B customers in USA
•pilot the solution with 20 families in USA
•get ready to market
Offer for investor
10% for $ 1 mln