End-user provides Mydata from sensors. This data is transferred back to care suggestions for care professionals as output of Predicell process.
Current Status
Data storage, integrations and analytic components ready for scale up. Two on-going projects in Finland among public healthcare Service providers. Professional users ~20 from physicians to nurses. Partnerships and integration to global players of end-user devices/sensors. Revenue started from 01/2020, Growth rate +1000%.
Market
Public&private healthcare Service providers. Biohacking individuals as B2C segment. Targeted in co-op with already existing B2C solution provider - in-progress. Market size only in Finland 25bn€.
80% costs used for healthcare are appointed to treat chronic diseases, 3% for preventive actions.
Societies are not able to carry this challenge without going to preventive care path designing where Predicell´s core is.
Solution (product or service)
40% less un-necessery visits at emergency equals to 72,4M€ savings 11% less primary level doctor appointments equals to 56,1M€ savings Net impact. Some deseases came visible and unbalance of the care found
50% reported value adding time available at the home care visit Improved resources efficiency
Use case example: Hertha Heart failure Hertha´s care is imbalanced and she visits at the emergency after two weeks. One visit costs approx 10k€ when Hertha has been appointed to ward for follow-up.
Competitors
Since competing from the healthcare budgets whole healthcare system seeing as a competitor. From the solution/Service perspective existing remote monitoring Service providers, "one shot" health AI/application providers.
Advantages or differentiators
World class team, IPRs related to algrhithms and platform, capabilities to suppor change needed among care providers.
Finance
Revenue streams: 1) Consulting - Data driven care organization assesment - one time fee 2) Predicell Service as a Service / monthly fee based on population of patients/customers providing data into the Service 3) Change management/stickness Consulting - One time fee
Business model
As a Service based on monthly fees by end-users providing data. Invoiced entity is care provider not consumer. End customer recruitment channel is care provider. Predicell sold to those as direct sales. B2C by partner attractive among consumer segments.
Metrics: #end users # professional users #monthly rev./care provider profit / care provider and/or partner
Money will be spent on
Service development, to pass CE2A certification and to get FDA approval to US market.
Too slow development cycles. End-user recruitment not directly at own hands. Mitigated by close co-operation with care providers during the projects.
Incubation/Acceleration programs accomplishment
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Won the competition and other awards
One of the most potential growth Company from Finnish capital area, https://www.predicell.com/26-5-2020-predicell-selected-as-most-potential-growth-company-by-kasvupolku-capital-area-competition/