Investor Pitch Deck

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    14-Jan-2017
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Transcript of Investor Pitch Deck

  • BUSINESS OVERVIEWGet an expert medical second opinion wherever you are, whenever you wantSECOND OPINION EXPERT

    * 2015 Second Opinion Expert, Inc.

    Streamlines the process of obtaining a medical second opinion Connects patients with independent, expert physicians

    Provides a customizable software platform allowing healthcare networks to provide their own health servicesWhat SecondOpinionExpert Does

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    * 2015 Second Opinion Expert, Inc.

    Unnecessary Medical Services$210 billion spent per year on unnecessary services

    42% of Medicare patients undergo unnecessary procedures each year.34% of all knee replacements are unnecessary.22% of implanted defibrillators are unnecessary.17% of spinal surgeries are unnecessary.

    The ProblemUnnecessary surgeries lead to higher insurance premiums, higher out of pocket expenses for individuals and loss of productivity for employers

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    * 2015 Second Opinion Expert, Inc.

    More than 50% of breast cancer patients receive different treatment advice when seeking a second opinion.

    Second opinions lead to a change in diagnosis or treatment in more than 40% of cases.

    The radiology interpretation error rate is as high as 33% for abnormal studies

    Second opinions help prevent unnecessary procedures by enabling patients to make better decisions about their care.In addition to improving treatment, second opinions provide peace of mind to patients and families as they struggle to make difficult medical decisions.The Solution - Second Opinions

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    * 2015 Second Opinion Expert, Inc.

    Limited access to qualified physiciansDifficulty in sending necessary patient data to a physicianDisruption of patients lives due to travel Finding a physician the patient can trustThe Problem with Traditional Second Opinions

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    * 2015 Second Opinion Expert, Inc.

    Innovative technology platform synthesizes medical data into a convenient report and efficiently delivers it to physiciansOur expert physicians review the data and issue an independent, objective second opinion within just daysBecause our physicians are not the patients treating physicians, no incentive to recommend unnecessary, costly procedures or testsMakes Obtaining a Second Opinion Easy and AffordableThe SecondOpinionExpert Solution

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    * 2015 Second Opinion Expert, Inc.

    Patients more comfortable with telemedicine and expect to request and receive health services through their smartphones, tablets and computers.Expansion of consumer-driven healthcareOver half of US states require private insurers to cover telemedicine just as they would cover in-person careProposed FSMB Policy would regulate telemedicine across states

    Easing of telemedicine regulationsWhy Now?

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    * 2015 Second Opinion Expert, Inc.

    Predicted to be $1.9 billion in 2018Market OpportunityTelemedicine is $580 million industry 31% annual growth from 2010-15

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    * 2015 Second Opinion Expert, Inc.

    No competitor possesses a technology platform that delivers important patient information to physicians as efficiently. Competition

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    * 2015 Second Opinion Expert, Inc.

    $4B investment in the digital health space in 2014 Telemedicine was the fastest growing category with $285M investment in 2014

    Grand Rounds raised over $100M. Valued at over $750M

    Best Doctors raised a total of $65.5M

    Teledoc raised $50M in 2014 (total of $96.6M)

    Doctors on Demand raised $21M in 2014

    Investment Environment

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    * 2015 Second Opinion Expert, Inc.

    Direct Health Products provided to patients through our platform by our panel of physician expertsCustomized Technology Licensing of our platform to healthcare providers and other customersOur Product Categories

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    * 2015 Second Opinion Expert, Inc.

    Using our platform and panel of physician specialists to provide health services directly to patientsFive online, HIPAA-compliant services:Second Opinions by specialists

    eHealth Records

    Wellness Review and maintenance in development

    Medical Consultation and/or evaluation in development

    Ask a Doctor - in development

    Direct Health Products

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    * 2015 Second Opinion Expert, Inc.

    Second Opinion - currently functional and in use by patientsPatient completes comprehensive, specialty-specific questionnaire:

    Direct Health Services: Second Opinion

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    * 2015 Second Opinion Expert, Inc.

    Second Opinion (cont.)Patient uploads medical records, test results or images, or we can retrieve records on patients behalf Physicians review images via platforms image viewer:Direct Health Services: Second Opinion

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    * 2015 Second Opinion Expert, Inc.

    Platform collects, synthesizes and organizes patient responses and records into physician-friendly format.

    Appropriate physician specialist reviews information and creates Second Opinion Report containing an assessment of patients medical condition and treatment recommendationsPatient receives Second Opinion Report through platform within a few days of submitting request

    Patient has option of requesting a video conference prior to physician completing Second Opinion ReportDirect Health Services: Second OpinionSecond Opinion (cont.)

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    * 2015 Second Opinion Expert, Inc.

    Over 250 board certified, experienced, independent physicians across the United States

    Clinical privileges at leading medical centers (e.g., Cedars-Sinai, UCLA and USC)Participation in leading clinical trials Coverage across most of the 50 StatesPassionate about providing effective care

    Direct Health Services: Second Opinion

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    * 2015 Second Opinion Expert, Inc.

    eHealth Records currently functional and in use by patientsPlatform creates a comprehensive Health Summary from patient health information and medical records

    Patient can securely share Health Summary through the platform with any healthcare provider, caregiver or family memberFacilitates patient involvement and control over health information and records, improves communications with physicians

    Direct Health Services: eHealth Records

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    * 2015 Second Opinion Expert, Inc.

    Available on Apple and Android devices Version 1.0 approved for use and download from iTunes StoreeHealth Records Mobile App

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    * 2015 Second Opinion Expert, Inc.

    SOEs proprietary technology platform available for licensingSOE can fully customize & integrate the following online services within a customers website or platform:Technology LicensingSecond Opinions by specialistsWellness Review and maintenanceMedical Consultation and/or evaluationAsk a doctor eHealth Records Sharing of radiology images with referring physicians

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    * 2015 Second Opinion Expert, Inc.

    Direct Health ServicesTransaction Fee ModelE.g., $300 for each standard second opinion, $500 with videoconferenceWe pay our physicians 50% of the fee for any second opinion performed

    Subscription Fee Model Monthly fee for specific access/services

    Technology Licensing Transaction Fee - for each completed service Physician Fee - for each physician with access to platformBusiness Model

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    * 2015 Second Opinion Expert, Inc.

    Assuming our Second Opinion service can eliminate 25% of these costs, this results in a reduction of $200 per patient per year.

    The total cost of the service over a patient population is $15 per person assuming a 5% utilization rate and a $300 cost.

    For a healthcare entity with 10,000 members, this results in healthcare savings of $1.85 million per year, or $185 per person.Cost Savings: Second OpinionsUnnecessary medical services account for approximately $800 per person in the U.S. every year.

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    * 2015 Second Opinion Expert, Inc.

    Mohan Ananda, PhD, JD Chief Executive OfficerFounder and first CEO of Stamps.com, Inc. (Nasdaq: STMP) ($1.2B Mkt. Cap.)Former Director of Envestnet (NYSE: ENV) ($1.5B Mkt. Cap.)Ph.D. in Astrodynamics, UCLA

    C. Thomas Peter, M.D. Chief Medical OfficerCedars-Sinai Medical Center, 1977-2007. Over 20 years asHead of Electrocardiography and Electrophysiology"Lifetime Achievement Award" by UCSF in 2007

    Ash Dav PresidentVice President and Chief Information Officer, Cedars-Sinai Health System, 1981-1994Founded Optimatrix Health Solutions, Inc., first for-profit Healthcare I.T. Services for Cedars-Sinai

    Andre Henderson Chief Technology OfficerFormer Director of Information Technology at Mission Community Hospital, Panorama City, CAHolds patent in Medical Media File Management

    Mark K. Urman, M.D. VP, Physician Relations, Quality AssuranceAttending Cardiologist at Cedars-Sinai Medical Center (Former Clinical Chief of Cardiology)Clinical Professor of Medicine at the David Geffen School of Medicine at UCLAExecutive Team

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    * 2015 Second Opinion Expert, Inc.

    For further information or inquiries, please contact:

    Mohan Ananda, PhD, JDCEO, SecondOpinionExpert, Inc.mohan.ananda@secondopinionexpert.com(805) 907-0597

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