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The Internet of Healthy Things: BioStamp Michelle Graff, Maddie Jones, Dillon Paul, Kevin Czarnowski

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Page 1: BioStamp Things - American Universityfs2.american.edu/alberto/www/itr/ITRFiles/... · Biostamp- the next frontier of wearables. Competition . Acquisition Benefits ★Efficient diagnostic

The Internet of Healthy Things:BioStamp

Michelle Graff, Maddie Jones, Dillon Paul, Kevin Czarnowski

Page 2: BioStamp Things - American Universityfs2.american.edu/alberto/www/itr/ITRFiles/... · Biostamp- the next frontier of wearables. Competition . Acquisition Benefits ★Efficient diagnostic

Meet David

Page 3: BioStamp Things - American Universityfs2.american.edu/alberto/www/itr/ITRFiles/... · Biostamp- the next frontier of wearables. Competition . Acquisition Benefits ★Efficient diagnostic

Productivity Transparency Quality of Care

Page 4: BioStamp Things - American Universityfs2.american.edu/alberto/www/itr/ITRFiles/... · Biostamp- the next frontier of wearables. Competition . Acquisition Benefits ★Efficient diagnostic

The Problem - Chronic HealthUS Adults with Chronic Conditions: 45%

Visits from recurring chronic checkups: 38%

Hospital Readmissions: Billions

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The Problem - Wearables

US Consumers using activity tracker 6 months after purchase:

Only 33%

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2015

2020

In Billions

$80 Billion

Page 9: BioStamp Things - American Universityfs2.american.edu/alberto/www/itr/ITRFiles/... · Biostamp- the next frontier of wearables. Competition . Acquisition Benefits ★Efficient diagnostic

Department of Neurology

&

Biostamp- the next frontier of wearables

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Competition

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Acquisition Benefits

★ Efficient diagnostic process○ Early detection & prevention

○ Substitute thousands of dollars in lab work

★ Heightened quality of care○ Constant supervision

○ Eliminate more than 10% of visits

★ Transparent stream of revenue○ Reduce dependence on expensive equipment

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Implementation Timeline

1st Year: Equip facility

2nd Year: Formalize monitoring procedure

3rd Year: Reform standard diagnostic operations

4th Year: Transition from acute to chronic care model

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Projected ROI

Year 1 Year 2 Year 3 Year 4 Year 5

.40 3.0 4.2 4.7 5.2

Appendix A

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Drawbacks & Mitigation

Extending past Chronic Segment-R&D, wide scale marketing

Battery Life-Clinical Trials

Page 17: BioStamp Things - American Universityfs2.american.edu/alberto/www/itr/ITRFiles/... · Biostamp- the next frontier of wearables. Competition . Acquisition Benefits ★Efficient diagnostic

Productivity Transparency Quality of Care

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Q&A

Page 20: BioStamp Things - American Universityfs2.american.edu/alberto/www/itr/ITRFiles/... · Biostamp- the next frontier of wearables. Competition . Acquisition Benefits ★Efficient diagnostic

The Internet of Healthy Things:BioStamp

Michelle Graff, Maddie Jones, Dillon Paul, Kevin Czarnowski

Page 21: BioStamp Things - American Universityfs2.american.edu/alberto/www/itr/ITRFiles/... · Biostamp- the next frontier of wearables. Competition . Acquisition Benefits ★Efficient diagnostic

Appendix A

http://www.techandaging.org/ROIModelReport.pdf - Center For

Technology and Aging: Measuring Return on Investment of Remote Patient Monitoring