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Third Opinion AI / Third Opinion Care

AI-powered online monitoring for bedridden patients

USA, California
Market: Medicine
Stage of the project: Prototype or product is ready

Date of last change: 05/23/2019
Min investment
$  500.000
Total required
$ 1.000.000
Rating
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Idea

Third Opinion Care helps to control patient pose, bedsores prevention, fall risk prevention and out of the bed alarm
AI-powered online control of patient posture, bedsores prevention, fall risk prevention and out of the bed alarm.
Key values of Third Opinion Care are:
● valid video datasets for neural network training
● bedsores risk assessment based on Norton scale
● In-room micro-climate control

Current Status

Product prototype

Market

Third Opinion Care is application for the most vulnerable patients - those who are bedridden. Based on Artificial Intelligence it detects the patients position, fall risk and emergency signals and provides micro-climate control and visitors authorization.
Market potential
● $400 bln elderly care services annually in US
● $13.6 bln global Long-term Care and Home Healthcare Technology Market

Problem or Opportunity

● $11 bln - annual budget for patients with bedsores care
● 17 000 lawsuits annually due to bedsores - $4 bln in total
● 60 000 Americans die annually due to bedsores
● $13,000 - average hospital's operational cost for a serious fall-related injury
● 23 mln unpaid family caregivers in the USA

Solution (product or service)

Third Opinion Care is a plug and play hardware/software complex. It is delivered to the customer in a carry on case and can use WiFi or mobile internet connection. The setup and installation time is up to 5 minutes only and here you go - the virtual nurse supervisor is ready to provide the needed service to your loved ones.

Competitors

● Smart Peep
● Cherry AI
● bed alarm sensor equipment
● smart mattresses

Advantages or differentiators

● valid video datasets for neural network training
● bedsores risk assessment based on Norton scale
● In-room micro-climate control

Finance

Business plan - $20 mln annual revenue by 2022
500 clinics as B2B customers by 2022
30 000 families as B2C customers by 2022

Business model

B2B
B2C

Money will be spent on

•finalize product development
•produce 1 000 sets of Third Opinion Care
•pilot the solution with 5 B2B customers in USA
•pilot the solution with 20 families in USA
•get ready to market

Offer for investor

10% for $ 1 mln

Team or Management

Risks

Competitive Market

Incubation/Acceleration programs accomplishment

None

Website address

3,00
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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
Website address