Hacking Medicine - Healthcare Automation & Supply Chain
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Transcript of 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
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HACKABLE INTERSECTION OF HIGH TECH & MED TECH
Hig
h H
acka
bilit
y
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SCALE MEDICINESO INCREDIBLY INEFFICIENT
IDEAL FOR ENGINEERS
BETTER FASTER CHEAPER
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HACKABLE MEDICINEVERY SEXY
USING EXISTING TECH
SAVE LIVES & COSTS
IMMEDIATE IMPACT
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WHERE TO FOCUS?
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FOLLOW THE MONEY62% of $2.3 Trillion = Hospitals & Docs 2008
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FOLLOW THE MONEY62% of $2.3 Trillion = Hospitals & Docs 2008
BIGGEST PROBLEMS
HOSPITALS
PHYSICIANPRACTICES
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$600+B WASTED!BAD CARE,FRAUD, INEFFICIENCY
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SUPPLY CHAIN& AUTOMATION
HACKABLE EXAMPLESSMALL & LARGE
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LITERALLY WASTE MedWaste 20+X Cost of Regular TrashSmart Trashcans to Change Behavior
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PYXIS DRUG ATMs CONTROL ACCESS, REDUCE ERRORS, CHARGE, REPLENISH
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REPLACE SURLY STAFFROBOTS STARTING TO ROAM HALLS
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AUTOMATE WHOLE PHARMACY10K SCRIPTS/DAY, ZERO ERRORS, NO CONTAMINATION
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SIMPLE HACKS SAVE LIVESRADIATION ONCOLOGY ERROR LIABILITY
SOLUTIONS NEEDED NOW49% of Mistakes = Wrong Dose, Wrong Patient
(NYT)
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STUDIES PROVE SPECIALTY
HEALTHCARE FACTORIES
SUPERIOR QUALITY & COST
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MUST EVENTUALLY SOLVE PEOPLE ISSUES…LIMITED BY HANDS, TIME, CAPACITY
&COMMUNICATION
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STAR TREK COMMUNICATORSDYNAMIC COMMUNICATION
INCREASES THROUGHPUT, SAFETY
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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!
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OPENTABLE DOC APPOINTMENTSZocDoc Raised $50MM @ $700MM Valuation 07/2011
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DIGITIZED DATA PROMISE
BETTER QUALITY, COST, QUANTITATIVE
IMAGINGTELERADIOLOGY
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DIGITAL ENABLES NEW BIZ MODELS
AUTOMATE ALGORITHMSDISRUPT WORKFLOWSPEAK LOAD BALANCE
PORTABILITYOVERSEAS
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DIGITAL PATHOLOGYSAME TRAJECTORY AS RADIOLOGY
NOW COMING
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CALL TO ACTIONVISIT HOSPITAL BASEMENTS
MUST BE HACKEDACCELERATED IMPACT
ZEN CHU@ACCELMED
ZENVEN @ MIT . EDUSLIDESHARE.NET/MEDICALVENTURES