hacking medicine - healthcare automation & supply chain

H@cking Healthcare Automation &Supply Chain

ZEN CHU @ACCELMEDENTREPRENEUR-IN-RESIDENCE

MIT ENTREPRENEURSHIP CENTERHackingMedicine.MIT.edu

HACKABLE INTERSECTION OF HIGH TECH & MED TECH

Hig

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bilit

y

SCALE MEDICINESO INCREDIBLY INEFFICIENT

IDEAL FOR ENGINEERS

BETTER FASTER CHEAPER

HACKABLE MEDICINEVERY SEXY

USING EXISTING TECH

SAVE LIVES & COSTS

IMMEDIATE IMPACT

WHERE TO FOCUS?

FOLLOW THE MONEY62% of $2.3 Trillion = Hospitals & Docs 2008

FOLLOW THE MONEY62% of $2.3 Trillion = Hospitals & Docs 2008

BIGGEST PROBLEMS

HOSPITALS

PHYSICIANPRACTICES

$600+B WASTED!BAD CARE,FRAUD, INEFFICIENCY

SUPPLY CHAIN& AUTOMATION

HACKABLE EXAMPLESSMALL & LARGE

LITERALLY WASTE MedWaste 20+X Cost of Regular TrashSmart Trashcans to Change Behavior

PYXIS DRUG ATMs CONTROL ACCESS, REDUCE ERRORS, CHARGE, REPLENISH

REPLACE SURLY STAFFROBOTS STARTING TO ROAM HALLS

AUTOMATE WHOLE PHARMACY10K SCRIPTS/DAY, ZERO ERRORS, NO CONTAMINATION

SIMPLE HACKS SAVE LIVESRADIATION ONCOLOGY ERROR LIABILITY

SOLUTIONS NEEDED NOW49% of Mistakes = Wrong Dose, Wrong Patient

(NYT)

STUDIES PROVE SPECIALTY

HEALTHCARE FACTORIES

SUPERIOR QUALITY & COST

MUST EVENTUALLY SOLVE PEOPLE ISSUES…LIMITED BY HANDS, TIME, CAPACITY

&COMMUNICATION

STAR TREK COMMUNICATORSDYNAMIC COMMUNICATION

INCREASES THROUGHPUT, SAFETY

VOCERA INC VOICE BADGES

• 90% Revenues from Hospitals• Cut bed assignment time from 3h > 18 min• 80% reduction in ER ambulance diversion

in 6 months• $3M increase in annual net revenues

NOT FDA REGULATED!

OPENTABLE DOC APPOINTMENTSZocDoc Raised $50MM @ $700MM Valuation 07/2011

DIGITIZED DATA PROMISE

BETTER QUALITY, COST, QUANTITATIVE

IMAGINGTELERADIOLOGY

DIGITAL ENABLES NEW BIZ MODELS

AUTOMATE ALGORITHMSDISRUPT WORKFLOWSPEAK LOAD BALANCE

PORTABILITYOVERSEAS

DIGITAL PATHOLOGYSAME TRAJECTORY AS RADIOLOGY

NOW COMING

CALL TO ACTIONVISIT HOSPITAL BASEMENTS

MUST BE HACKEDACCELERATED IMPACT

ZEN CHU@ACCELMED

ZENVEN @ MIT . EDUSLIDESHARE.NET/MEDICALVENTURES