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AFLU MED HEALTHCARE

Early-diagnosis and precision treatment plans solutions

South Africa
Market: Internet and IT, Medicine, Artificial Intelligence, Mobile applications
Stage of the project: Operating business

Date of last change: 19.09.2024
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Idea

Fragmented systems and paper-based processes have made healthcare professionals spend up to 40% of their time on admin, increasing medical errors and shifting focus away from patient care.

Current Status

Currently, in operation, our clients include the 3rd Biggest hospital in the world (Chris Hani Baragwanath Academic Hospital), the 2nd top university in Africa (University of Wit Watersrand).

Market

21 000 medical doctors in South Africa who are practicing privately, 10 academic hospitals.

Problem or Opportunity

Aflu Med Healthcare addresses several critical challenges faced by medical practices today. Firstly, many practices grapple with inadequate record-keeping systems, leading to disorganized patient information and difficulties in accessing critical data, resulting in inefficiencies, errors, and potential patient safety risks. Aflu Med Healthcare offers a centralized electronic health record system, ensuring secure storage and easy access to comprehensive patient information, enhancing efficiency, and safety. Secondly, the misplacement or loss of patient files causes delays in care and potential

Solution (product or service)

Aflu Med Healthcare provides comprehensive solutions to the challenges faced by medical practices. Firstly, by offering a centralized electronic health record system, Aflu Med Healthcare ensures secure storage and easy access to comprehensive patient information, enhancing efficiency and safety. This eliminates the risk of lost files, as patient records are digitized, enabling instant access to information and reducing the likelihood of errors and delays. Additionally, Aflu Med Healthcare streamlines workflows and enhances communication between healthcare providers, minimizing the duplication

Competitors

Electronic Health record systems that are focused on medical aid billing,

Advantages or differentiators

Proving the current reality vs the future (our positioning). The current reality was once a future never imagined, faced with resistance even though it proved to better both parties; the Doctor and the Patient.
We embarked on a market intelligence journey from August 2019 to February 2020 in preparation for the MVP launch, visiting Private Medical Practices seeking to understand their needs, current solutions, and current pains. We met over 160 practice owners (Medical Doctors) in total from Gauteng, Western Cape, and Eastern Cape, an even mix of urban and rural.
The undeniable fact that most electronic health record systems are designed to track and bill procedures rather than provide optimal patient care. Over 90% of the respondents were more interested on the ability to track and bill, nothing about:
• Practice efficiency
• Clinical outcomes
• Lost and/or misplaced files
• Lack of accurate and up-to-date patient health information at the point of care

Finance

Our product is available via monthly subscription charged per user per practice

Business model

Software as a Service, through tiered subscription model from standard to premium, billed monthly per user.

Money will be spent on

Marketing and further developments for Intuition functionality of the product to make Doctors lives even easier (we are developing a mini-doctor partner)

Offer for investor

Depending on the involvement of the investor, exit proposal, general terms and conditions of the agreement

Team or Management

Risks

Cyber security breaches, Change of legislation regarding electronic health records, poor internet connectivity, poor access to internet devices, fear for technology, poor user training, load shedding, political instability

Incubation/Acceleration programs accomplishment

Incubation at Branson Centre of Entrepreneurship South Africa in 2015 - Advanced Entrepreneurship Class
SAB Foundation

Won the competition and other awards

1. 2020/21 Prestige Awards Winner - Healthcare Technology Provider of the year
2. 2019 Southern Africa Startup Awards Top 5 Finalist - Best Health Tech
3. 2018 Top 100 Most Influential Young South Africans
4. 2018 SADC region Top 100 Young leaders

Photos

Photo 1 - Early-diagnosis and precision treatment plans solutions

Product Video

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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
Presentation