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ShifaCare

Mobile Health Technology to connect Doctor/s with patients

Australia
Market: Medicine, Artificial Intelligence, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 30.03.2020
Min investment
$  100.000
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Total required
$ 2.000.000
Rating
equalizer из 1000
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Idea

ShifaCare is a multi-user % way virtual consultancy with real time health care
professionals, a Healthcare App which allows any Patient to connect with any
doctor or multiple doctors for multidisciplinary care in English and 65
Indian languages from smart phone via Video call to get diagnosis, second
opinion, consultation, prescription and get the medicine delivered to their
home and launched in Dec 2019 in India.

Current Status

Launched in India Dec 2019 with 5,000 Downloads

Market

- 1.3 Billion Population growing 17%/ 10years
- 1 Million Doctors, Highest Doctor Patients Ratio of 1:14,000
- 70% population lives in 500,000 Villages, No Access to specialist
- 23,000 Hospitals with 300,000 Rural Beds makes it 0.6 Bed / Village
- Travel Cost to City specialist is higher than Medical Consultation
- Chronic Disease follow-ups on smartphone Can reduce total treatment cost by 50%

Problem or Opportunity

India is Out of pocket market for health care with 1:14,000 Doctors /Patients Ratio - lowest in the world with 400Million Smartphone users to connect Doctors to patients provides new market opportunity for mobile Health tech

Solution (product or service)

Shifa App which allows any Patient to connect with any doctor or multiple doctors for multidisciplinary care with unique 5 way video call in English and 65 Indian languages from smart phone via Video call to get diagnosis, second opinion, consultation, e-prescription and get the medicine delivered to their homes on Smartphones in India

Competitors

Practo
mFine
1Mg

Advantages or differentiators

- Multiuser for multidisciplinary medical care from Phone
- Multilingual matching algorithms for Patients to connect with same language Doctor/s
- Crypto algorhytham secured e-prescription
- Nexus of Doctors in 70 Specialities and GPs with Family profiles in one ecosystem
- complete payment gateway from Patients to Doctors

Finance

ShifaCare aims to have 10,000 Doctors on platform providing 35 Medical Consults a day for 18 working day a month with Average Consult fee of Rs 300 will Generate $25 Million USD Revenue for ShifaCare

Doctor Consulting Revenue (US $) 254,417,816
Revenue - Traditional Consulting (US $) 240,808,273
Revenue - Video Consulting (US $) 13,609,543
Shifa Service Fee 10%
ShifaCare Revenue (US $) 25,437,924

Business model

App Is Free To Download And Use For Doctors, Patients Will Pay 10% Service Fee On each Consultation Fee of the doctors.

Money will be spent on

This Investment of $2M USD will last ShifaCare for 24 Months, Which will enable Shifa to acquire 10,000 Doctors on platform and will generate $25 MUSD in Revenue.

Offer for investor

10% Equity in Company or Capped Convertible Notes

Team or Management

Risks

New market Development and global rollout is a big challenge to overcome

Incubation/Acceleration programs accomplishment

No

Won the competition and other awards

Winner Top 50 Healthcare Companies IFAH 2019 UAE

Invention/Patent

EcrytoRx is unique prescription which is secured by Crypto-Key and world first two way interactive prescription where Doctors can generate prescription and patients can document adverse events in real time

Photos

Photo 1 - Mobile Health Technology to connect Doctor/s with patients
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video