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Smartfuture

Wix-like model to make Telemedicine Platform

Singapore
Market: Medicine, Telecommunications, Another, Mobile applications
Stage of the project: Operating business

Date of last change: 07.09.2020
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Idea

We provide a Wix-like model for Healthcare Providers to make their own Platform for Telemedicine comprising of Apps and Websites in their own brand. Key features include:
- Wireless Health Kits, Kiosks and Pods to capture vitals
- Integration with existing CMS/EMR, labs, delivery companies, etc
- Documents automatically generated and sent to patient and/or other relevant parties i.e. prescription forms, referral letters, etc
- Marketplace for healthcare providers to offer own products & services

Current Status

> 66 telemedicine platform launches for clinics, hospitals and NGOs in Singapore and Malaysia
> 80000 registered patients
> Agreements with Parkway, Fullerton, Philips
> Google Acceleration Program 2020 South East Asia
> Philips Acceleration Program 2019

Market

Target customer segments:
- Clinics and Clinic chains
- Hospitals
- Other healthcare companies

Target partnerships:
- MedTech companies
- AI/ML healthcare companies
- Pharmacies
- Last mile delivery companies
- Cloud providers
- Google and Apple

Target countries for next 2 years:
- Singapore
- Malaysia
- Thailand
- Indonesia
- Vietnam
- Philippines
-USA

Problem or Opportunity

> Existing telemedicine companies offer a Uber-like on-demand convenience model for Telemedicine. But 90% of doctors want to offer telemedicine in their own brand.
> Existing telemedicine companies offer facetime-like telemedicine without capturing vitals for better diagnosis.

Solution (product or service)

We provide a Wix-like model for Healthcare Providers to make their own Integrated Platform for Telemedicine comprising of Apps and Websites under their own brand. Platform launch in less than 2 weeks.
Key features:
> Wireless Health Kits, Kiosks and Pods to capture vitals
> Existing CMS/EMR systems compatibility
> Documents automatically generated and sent to patient and/or other relevant parties – i.e. prescription forms, referral letters. Medicine pickup and delivery compatibility
> Marketplace for healthcare providers to offer Medicines, Insurance, curated wellness service programmes

Competitors

> Our competitors are Telemedicine companies providing branded platforms attracting doctors to join with the promise of a considerable user base

Advantages or differentiators

> Providing telemedicine to HCPs under their own brand
> Superior UI/UX for Simplified Consumer Journey
> Home kits, kiosks and pods that doctors provide to their patients to capture vitals remotely
> Proprietary analytics provided to doctors to enable accurate diagnosis
> Express Launch at Fraction of Cost
> Device agnostic platform ensures integration with existing clinic setup

Finance

Revenues from multiple streams including
> Telemedicine Platform Set up : US$6000- 22000/ Project  (20% margin)
> Platform Pay per use : US$ 0.4 - 2.5 / session (70% margin)
> Home Testing Kits /Home Tests /Pods /Kiosks : US$ 80 - 34000 (35% margin)
> Commission on sale of Medicines, Insurance, Wellness programmes via the marketplace (12 to 18%)
> Sale of customized data analytics and reports

Business model

> Our go-to-market is to partner with existing Insurance TPAs and CMS companies and offer white label telemedicine platform to their panel clinics.
> Our top KPIs are number of telemedicine platforms launches, number of users registered in these apps and number of users making calls in these platforms.

Money will be spent on

Expansion in Asia Pacific and USA.

Offer for investor

Equity at pre-valuation of USD 20,000,000. Minimum ticket size of USD 500,000.

Team or Management

Risks

> Doctors are not tech savvy and still prefer to see patients face to face
> Inadequate infrastructure in emerging markets in south east asia

Incubation/Acceleration programs accomplishment

1. Google South East Asia Acceleration Program 2020 - https://www.blog.google/around-the-globe/google-asia/support-southeast-asian-startups/
2. Philips APAC Acceleration Program 2019

Won the competition and other awards

1. Slush 2018 Winner - https://www.linkedin.com/pulse/notes-from-philips-startup-challenge-slush-singapore-2018-occhipinti/
2. Asia Smart App 2019 Winner - https://www.sgtech.org.sg/SGTECH/Web/SGTech_News_2019/Jul19/Conversations_with_ASA19_Winners.aspx
3. Shortlisted nominees for the APICTA Awards 2018, Techblazer 2018, Inspreneur among many others

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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