Lebanon
Market: Medicine
Project stage: Operating business
Also this project:
-
Find investments
- Participate in the Unicorn Battle
Idea or High Level Concept
CardioDiagnostics develops cloud-based and mobile technologies and analytics, empowering patients to take actionable steps to manage their chronic conditions. We focus on linking providers of care with patients seamlessly.
Territory of the product or service implementation
Global (world)
Traction and Current Status
Our project has been in commercial deployment for six years now. The product is selling in the market using a business-to-business model, currently with 35 clients.
Problem or Opportunity
We are the first to bring our industry to the cloud by creating the world's first cloud-based cardiac monitoring software. The number of clients has been growing at 100% annually. The value we bring to our customers saves money and brings customers a competitive edge.
Solution
Our company creates customizable technology and services for cardiac monitoring as well as remote patient monitoring. The aim for our services is to allow physicians to onboard many more chronic condition patients than previously possible, while decreasing hospital readmissions and false negatives during diagnosis.
Customer Segments and Market
Our target customers include 5,000 hospitals and clinics in the US. Our market is essentially hospitals with cardiology divisions and added value services.
Revenue Streams and Cost Structure
We have four main streams of revenue: 1- Monitoring centers 2- Original equipment manufacturers 3- Large medical device companies 4- Hospitals and clinics
Competitors and Existing Alternatives
Not available.
Advantages or differentiators
We offer the world's first cloud-based software which is hardware-agnostic with customizable and flexible workflow.
Risks
Possible risks include global economic crises or major regulatory changes.
Incubation/Acceleration programs accomplishment
UK-Lebanon Tech Hub, located in Lebanon and London, in 2015
Won the competition and other awards
Global Innovation Through Science and Technology Award Stars of Science Award Harvard Startup Pitch Award UCSF Best Cardiovascular Digital Company Award
Money will be spent on
1- Growing the technology team to build complimentary products and services 2- Growing the sales network in the US
