Conquiro optimizes healthcare by autonomously tracking assets, predicting maintenance, and empowering clinicians. Our mission: improve patient outcomes, enhance delivery and reduce clinician burnout.”
Current Status
We have 10 hospital system in the Northern Virginia area that has signed a letter of intent to work with us as a development partner and beta customer for our system. On top of that, we have spoken to many more healthcare CEOs who have expressed interest and reiterated that better asset management will significantly improve their patient outcomes and bottom line."
Problem or Opportunity
Studies have shown nurses spend an average of 72 minutes per shift looking for equipment. This waste of time contributes to provider burnout, increased hospital costs, and negatively impacts patient care. By giving nurses, doctors, technicians, and administrators precise information about the location and status of all equipment in a hospital, Conquiro allows them to reclaim this time and reinvest it into positive patient outcomes.
Solution (product or service)
Our system wirelessly and automatically tracks the location of equipment throughout a hospital. It then sends information such as the location, status, and electrical draw of each piece of equipment to a central server, where our software monitors this information and uses AI-powered algorithms to design predictive maintenance schedules and detect anomalies that indicate equipment failure and security issues. Administrators are presented with a dashboard that displays information about equipment location, status, maintenance needs, and more. Clinicians are given a mobile-based application that
Business model
We have a B2B business model that has several lines of revenue with hardware and software generating 30-50% margins, in addition to installation revenue, consulting revenue, and data revenue.
