roam i.t. information to the rescue al gourley may 2, 2002
TRANSCRIPT
ROAM ROAM I.T.I.T.
Information to the RescueInformation to the Rescue
Al GourleyAl Gourley
May 2, 2002May 2, 2002
Our BusinessOur Business
Supply clinical support tool for out-of-hospital Supply clinical support tool for out-of-hospital health care professionalshealth care professionals– Emergency medical services (EMS)Emergency medical services (EMS)
– HomecareHomecare
– Physician practicesPhysician practices
Priority market - EMSPriority market - EMS
Our ProductOur Product
Complete point-of-service patient information Complete point-of-service patient information management solutionmanagement solution– Quality management Quality management – Data collection, management and reportingData collection, management and reporting
ComponentsComponents– Proprietary softwareProprietary software– Hardware platforms selected by usersHardware platforms selected by users– Network managementNetwork management– HostingHosting– Training & supportTraining & support
Our HeritageOur Heritage
1996 - 1998 (University of Alberta)1996 - 1998 (University of Alberta) Founder – Dr. Louis FrancescuttiFounder – Dr. Louis Francescutti
1999 – Company commenced operations, & since 1999 – Company commenced operations, & since thenthen
Developed market ready product Developed market ready product Built experienced management teamBuilt experienced management team Secured customers in Canada & USSecured customers in Canada & US Obtained venture capital financingObtained venture capital financing Secured strategic partner for commercializationSecured strategic partner for commercialization Survived our hiccupsSurvived our hiccups
Proprietary SoftwareProprietary Software
Clinically drivenClinically driven Two modules – front end & back endTwo modules – front end & back end Front end – used by health care professionals at Front end – used by health care professionals at
point of carepoint of care– Decision supportDecision support– Patient data collectionPatient data collection
Back end – used on serverBack end – used on server– Manage databasesManage databases– Migrate data to other systemsMigrate data to other systems– Generate reportsGenerate reports
Revenue ModelRevenue Model
Application Service Provider – pay as usedApplication Service Provider – pay as used– Fee per transaction (patient medical record Fee per transaction (patient medical record
created)created)– Training, implementationTraining, implementation
In effect, outsource supplier of key functionIn effect, outsource supplier of key function
Huge Market OpportunityHuge Market Opportunity
Over 2.5 billion medical records annuallyOver 2.5 billion medical records annually– Roam I.T. fee US$3 per transactionRoam I.T. fee US$3 per transaction
Industry projected to spend US$500 billion Industry projected to spend US$500 billion on information technology solutions over on information technology solutions over next 10 yearsnext 10 years
Potential to become $billion company Potential to become $billion company
Seven Customer SitesSeven Customer Sites
M.D. AmbulanceM.D. Ambulance, Saskatoon, SK, Saskatoon, SK Yellowknife Fire DeptYellowknife Fire Dept., Yellowknife, NT., Yellowknife, NT Parkland EMS, Parkland EMS, Stony Plain, ABStony Plain, AB Med Flight, Med Flight, Yellowknife, NTYellowknife, NT Western University, Western University, Houston, TXHouston, TX Grande Prairie EMS, Grande Prairie EMS, Grande Prairie, ABGrande Prairie, AB Advanced Medical Transport, Advanced Medical Transport, Peoria, ILPeoria, IL
– To be installed June 15To be installed June 15
OwnershipOwnership
Foundation EquityFoundation Equity, Edmonton, AB, Edmonton, AB Pangaea VenturesPangaea Ventures, Vancouver, BC, Vancouver, BC Summit Park VenturesSummit Park Ventures, San Diego, CA, San Diego, CA University of AlbertaUniversity of Alberta Alberta Research CouncilAlberta Research Council Founders & senior managementFounders & senior management Private individuals (angel investors)Private individuals (angel investors)
Strategic Partner Strategic Partner …to commercialize technology…to commercialize technology
Summit Park Ventures, San Diego, CASummit Park Ventures, San Diego, CA Owns 12.5% Owns 12.5% Created to invest in Roam I.T.Created to invest in Roam I.T. Principals are senior health care industry Principals are senior health care industry
executivesexecutives
2002 Targets/Challenges 2002 Targets/Challenges
Company at critical stageCompany at critical stage– Moving to full scale commercializationMoving to full scale commercialization– It remains It remains veryvery fragile fragile
Develop fourth version of softwareDevelop fourth version of software Complete third round of financingComplete third round of financing Establish “marquee” demonstration sitesEstablish “marquee” demonstration sites Deliver “jaw dropping service”Deliver “jaw dropping service” Build infrastructureBuild infrastructure Progress to profitabilityProgress to profitability
Well Done ILO!!!Well Done ILO!!!
Keep up the good workKeep up the good work