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57378

AdviNow Medical

USA, Arizona
Market: Internet and IT, Medicine, Artificial Intelligence
Project stage: Operating business
 
Also this project:
- Find investments
- Participate in the Unicorn Battle

Idea or High Level Concept

AdviNOW Medical reduces the cost of the clinical encounter by over 50% through nearly eliminating the administrative requirements of the provider, front office, and back office using AI.

Traction and Current Status

AdviNOW is engaged with three of the top 5 health systems and 4 of the top ten urgent care companies to improve their efficiency.

Problem or Opportunity

Administrative activities are more than 66% of the cost of healthcare. Physicians are the ones to usually collect the subjective and objective data for the encounter. They are not working at the top of their license and their throughput of patients is severely limited. During the pandemic, the overhead burden approached 90% of the physicians time. Population health requires an engaged primary care physician and over 10 times more data compounding the issue for newer healthcare models.

Solution

AdviNow Medical (ANM) completely automates the patient journey. AI and AR powered automation nearly eliminates the administrative burden of providers, reduces provider time per patient, improves outcomes and increases patient satisfaction.
AdviNOW engages with the patient, registers them and collects all subjective and objective information that the physician will need to diagnose and treat. The provider portal has a one page decision support tool that provide a summary of the patient potential illnesses and justification.The provider selects the illness and plan. The AI scribes into the EMR

Business Model, Chanells, Metrics

AdviNow Medical platform is a SaaS model with 5 different products that can be sold separately.

1) Digital Front Door (Flat Monthly per location. Match the competition)
2) AI Data Collection and Triage (Per Encounter)
3) Decision Support and Scribe (Per Encounter)
4) Post Patient Engagement (Per Encounter)
5) AR Medical Equiptment (Per Encounter)

Incubation/Acceleration programs accomplishment

Arizona Corporation Commission
Venture Madness

Personal video message from the author

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