Medvise is an innovative healthcare technology company offering a virtual scribe system to address the pressing challenges of patient workload and administrative burdens in healthcare settings. Our solution is designed to enhance efficiency, accuracy, and the overall quality of patient care.
Key Features of Our Product:
Real-Time Scribe: Our system captures patient information during doctor-patient interactions, eliminating the need for manual data entry.
Automated Data Entry: We categorize and organize information to FHIR standards, streamlining processes.
Intelligent Medical Coding: Our AI-driven coding ensures compliance and maximizes funding.
Market & Opportunity:
Our target market includes primary care physicians, medical scribes, outpatient facilities, and hospitals across the U.S.
We face competition from Abridge, Akasa, DeepScribe AI, but our unique value proposition lies in our comprehensive, real-time documentation and coding capabilities.
Business Model:
Medvise operates on a SaaS model, priced at $499 per month per provider.
We also offer international licensing, telehealth, and hardware options.
Team & Credentials:
Our team comprises experts from healthcare and tech industries, including Sean Ross (COO), Gautam Chowdary (CEO), Prasad Gole (CTO), Dr. John Mason (CMO), and Harshit Shah (Advisor).
Their diverse backgrounds in finance operations, engineering, and healthcare bring a unique blend of skills and insights.
Financial Projections & Strategy:
We project significant growth, focusing on low expenses and high gross margins.
Our go-to-market strategy involves direct outreach to private practice doctors, small IDNs, health systems, and government entities.
2. 2
The Problem.
Documentation, Billing and Compliance
leading to excessive administrative
requirements.
Complex insurance procedures
Manual input of information into
computers or tablets.
Data Entry Tasks
Large volume of patients, leading to
time constraints and challenges in
providing individualized attention
and care to each patient.
Heavy Patient Workload
3. 3
3
The Solution
Real Time Scribe
Accurately categorizes and
organizes information to FHIR
Automated Data Entry
Reduce documentation time,
enhance patient engagement
Initiate Requests Verbally
Insuring compliance and
maximizing funding with AI
driven coding
Optimized Medical Coding
Quickly access relevant patient
information in real-time.
4. 4
4
Web App for
Your Clinic.
Product
At the core, Medvise serves as a virtual scribe,
capturing real-time patient information during
doctor-patient interactions. Eliminating the need
for manual data entry and streamlining
administrative tasks. Medvise's AI capabilities go
beyond simple transcription; it offers intelligent
coding recommendations and real-time clinical
decision support. Providers can review, interact
and sign off on documentation seamlessly.
Works on any device with
internet access. Use Medvise
seamlessly through any web
browser. Simply select your
patient and press start
documentation.
5. 5
Benefits of
Medvise Prompt doctors to
provide additional
clarifications, ensuring
comprehensive and
precise documentation
for accurate coding and
billing.
Doctors can focus on
their core expertise:
providing excellent
medical care. Not data
entry.
Simplify administrative
tasks and improve
overall practice
efficiency.
6. 6
US Market Size
Full Time Primary Care Physicians
256,000
Medical Scribes
100,000
Out Patient Facilities
353,000
Hospitals
6,129
6
7. 7
The Competitors
ABRIDGE
Abridge converts a patient-
clinician conversation into a
structured clinical note draft in
real-time and integrates it
seamlessly into the EMR.
Akasa
Helps healthcare organizations
improve operations, including
revenue cycle, to drive revenue,
create efficiencies, and enhance
the patient experience.
DeepScribe AI
DeepScribe is a virtual scribe that
works on apple devices and has a
delay on transcription of over a
few hours.
Atropos
Atropos Health provides on-
demand evidence from real world
data to close evidence gaps in
healthcare and life sciences.
Proven to elevate clinical
outcomes, accelerate research,
and drive operational efficiency.
9. 9
Meet the Team.
Sean Ross
Founder/COO
Prasad Gole Dr. John Mason
CTO
Gautam Chowdary
Founder/CEO
Founder of
Even_Campaign
Park Image Solutions:
Finance Ops @ Tui
CTO of Medi Buddy and
Doubt Connect.
Ex-Amazon
30 Year Medical
Professional,
Founder of ExtendCare
Founding Engineer of
M3 Agriculture and
senior engineer at Esper
CMO
Harshit Shah
Advisor
CTO Spring Health
Head of Engineering AWS
• 6 Part time Developers à Moving to Full Time
10. 10 Financial
Financial Projection
$2m
Forecasted
Revenue
Our Forecasted Revenue Includes Conservative Projections in USA & LAT-AM and Signed Contract Abroad
YTD November December FY23' January Febuary March April May June Q1+Q2 2024
Revenue
USA Monthly Subscription - - 7,000.00 7,000.00 12,250.00 22,455.00 49,900.00 59,880.00 69,860.00 79,840.00 294,185.00
Intn'l Revnue 110,000.00 150,000.00 153,000.00 156,000.00 159,000.00 161,000.00 889,000.00
Cogs
CPT license fees 30.00 30.00 52.50 67.50 150.00 180.00 210.00 240.00 900.00
Processing Fees 300.00 300.00 525.00 675.00 1,500.00 1,800.00 2,100.00 2,400.00 9,000.00
Computing & service costs 2,140.00 2,140.00 3,745.00 4,815.00 10,700.00 12,840.00 14,980.00 17,120.00 64,200.00
Computing costs 2 15,000.00 21,000.00 21,420.00 21,840.00 22,260.00 22,540.00 124,060.00
Net Income - - 4,530.00 4,530.00 102,927.50 145,897.50 169,130.00 179,220.00 189,310.00 198,540.00 985,025.00
• Low Expenses
• High Gross Margin
• Cash Flow Positive
11. 11
Go To Market
Collect
Testimonials
and Case Study
Launch Direct
to Doctor with
Private
Practices
Launch in Lat-
AM
Target Small
IDN and Health
Systems
Start Initial
Contract with
Gov’t of India
Target Large
IDN’s and Large
MSPs
1 2 3 4 5 6
October November December December January February
13. 13
Interested ?
info@medvisecorp.com
727-222-4521
We are excited about the potential to
work together and make a significant
impact on the healthcare industry. If
you have any further questions or
would like to explore this opportunity
further, please don't hesitate to reach
out. Let's shape the future of
healthcare together with Medvise!