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SurgiQuality

SurgiQuality helps patients connect to best outcomes surgeon

USA, Maryland
Market: Artificial Intelligence
Stage of the project: Operating business

Date of last change: 27.07.2024
Min amount of loan
$  50.000
Estimated yield
10 % a year
Go to the owner's profile
2
Total required
$ 1.000.000
Rating
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Idea

Medical records are sent to multiple surgeons for opinions.
Using generative AI, surgeons are scored according to outcomes past procedures performed.
The dashboard with opinions and scoring helps patients achieve the best outcomes.

Platform sold to employers and health plans. UPMC with 50 hospitals is sharing surgical case data starting August 2024. UPMC Health plan (4.5M members) will start using the platform. Potential 900k surgeries annually paying $1000 each surgery. (Potential revenue $900M)

Current Status

UPMC with 50 hospitals is sharing surgical case data starting August 2024. UPMC Health plan (4.5M members) will start using the platform. Potential 900k surgeries annually paying $1000 each surgery. (Potential revenue $900M)

PriceMDS.com, a surgical bundling company brings its relationships with surgeons at 3500 facilities in 48 states to give us a national provider database.

United Healthcare expressed interest in acquiring SurgiQuality

Market

Self-insured employers and health plans

Problem or Opportunity

Primary care physicians refer patients to surgeons on the basis of habit, not cost or quality.
Results,
15-30% unnecessary surgeries
Surgery performed by surgeons who do not have best skillset.
Revisions surgery, scar tissue, revision surgery vicious cycle

Competitors

Market is using generalized Medicare database and claims database.

Advantages or differentiators

SurgiQuality uses generative AI used on individual surgical case records yielding very granular procedure specific quality measures.

Market is using generalized Medicare database and claims database.

Finance

Revenue is $1000 per surgical procedure processed.

Loan terms

12 months

Interest rate, %

10

Business model

Revenue model is a per surgical case processed, on average of $1000.

Self-insured employers and health plans.

Solution (product or service)

SurgiQuality connects surgical patients to best outcomes surgeons. The process involves obtaining muti-specialty opinions through HIPAA-compliant medical record distribution to pre-qualified surgeons. Surgeons are also scored through generative AI analysis of EMR data. The resulting dashboard, explained by a personalized concierge, containing surgical opinions with surgeon scoring, is presented to patients so they can make well-informed decisions. The platform is sold to self-insured employers and health plans.

Team or Management

Risks

Inadequate capitalization

Incubation/Acceleration programs accomplishment

None

Won the competition and other awards

Pitch contest winner Pitch Force

Invention/Patent

Utility Patent filed

Photos

Photo 1 - SurgiQuality helps patients connect to best outcomes surgeon

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Team or Management
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation