hacking medicine - healthcare automation & supply chain
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H@cking Healthcare Automation &Supply Chain
ZEN CHU @ACCELMEDENTREPRENEUR-IN-RESIDENCE
MIT ENTREPRENEURSHIP CENTERHackingMedicine.MIT.edu
HACKABLE INTERSECTION OF HIGH TECH & MED TECH
Hig
h H
acka
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