gic presentation-tomson varghese-rl solutions

VELOCITYTRUE NORTH CONSULTING

NATIONAL BUSINESS & TECHNOLOGY CONFERENCE, NBTC 2015

MARCH 28, 2015

SITUATIONAL ANALYSISEmerging Technologies in Healthcare

2TRUE NORTH CONSULTING

Robotics

Technology

VR Therapy

Artificial

Intelligence

3D Bio-printing

NeuromorphicsWearable

Sensors

Virtual

Telemedicine

Genetic

Engineering

Technology – greatest change agent in the modern world

Which of these advancements signify highest return or potential?

AGENDA


54321Implementation

Key Business

Issue/Challenge

Industry

Analysis

Insights &

Recommendations Synthesis/Q&A

KEY BUSINESS ISSUE+ Subsidiary Issues


INCORPORATE THE

PATIENT’S VOICE IN

THE HEALTHCARE

DELIVERY MODEL BY

DEVELOPING RL’s

NEXT CUTTING-

EDGE INITIATIVE

TH

E C

HA

LLEN

GE

RISING WAIT TIMES

POOR ALLOCATION OF RESOURCES

RELIABILITY OF DIAGNOSES

PATIENT CONCERNS

INDUSTRY ANALYSISHealthcare Industry – Key Insights


9.51(USD)TRILLION

$

Global Healthcare

Industry Expenditure(PwC Global Entrants, 2015)

Technology

advancements in the

global healthcare

sector is estimated to

increase by about

33% by 2020

33

9.6%

of GLOBAL GDP

41%

INDUSTRY ANALYSISU.S. Healthcare Industry


Medicaid Spending Forecast in U.S. (2013-2020)

The U.S. spends more

than 17% of its GDP on

health care (2014), which

is estimated to grow to

about 25% by 2020.

253.09(USD) TRILLION

$

U.S. Healthcare Industry

Expenditure

U.S. Healthcare Industry

Market Size

2.24(USD) TRILLION

$

INDUSTRY ANALYSISGrowing Foes of the U.S. Healthcare Sector


81%

160HOURS

“81% of doctors feel that they are either over-extended or at full

capacity in patient care, with 44% planning to cut back on the number of

patients they see”

(Physicians Foundation, 2014)

“In the U.S alone, up to 15% of medical diagnoses

are inaccurate or incomplete, leading to

many avoidable deaths.”

(American Journal of Medicine, 2008)

“It would take 160 hours of reading a week just to keep

up with new medical knowledge as it’s

published, let alone consider its relevance or

apply it practically.”

(Sloan Kettering, 2013)

15%

450,000 DEATHS PER YEAR

WHAT’s NEXT?How can RL Solutions cater to the Patient’s Voice?


VELOCITYCOGNITIVE COMPUTING

The New RL7 Suite

COGNITIVE COMPUTINGArtificial Intelligence (AI) based Analytics


HUMANOID

Taking a human approach to solving

problems; understand human language

structure & semantics

DYNAMIC

Uses ‘Deep Learning’ combined with pattern recognition to generate

evidence-based hypotheses

SOPHISTICATED

Collaboration of the best minds; adapts & learns continuously;

builds medical intelligence database

APPLICATION MANAGEMENT

LEAN DATA INTEGRATION

RFID TECHNOLOGY

EMR SOFTWARE

VELOCITYDeveloping the Solution


Historical Data

Real-time Data

Medical Research

VELOCITY

COGNITIVE COMPUTING

Real-time Diagnostics

Tool in a user-friendly

and visual format

OUTPUTSINPUTS

CRITICAL SUCCESS FACTORSCreating Business Value for Healthcare Providers


Better Decision Making

Competitive Advantage

Early Adopter

Advantage

Better Customer

Experience

Active Consumer

Participation

THE CHRONIC CONCERNVelocity in Action in Oncology


2billionpeople

Worldwide struggle with chronic illnesses like cancer, heart disease and diabetes

Global population: 7.1 billion

63%

…of those 2 billion people, 63% actually die of chronic illness

CANCER INCIDENCEInvasive Form of Cancer by Age


3x“The global population age 60 and above is expected

to more than triple by 2050.”

(Deloitte Global Healthcare Outlook, 2014)

VELOCITY IN ACTIONU.S. Oncology Industry Potential


28%

3.8TIMES

28%

“The number of practicing oncologists is set to

increase by 28% in the next decade, yet the

demand for cancer care is set to double.”

(American Society for Clinical Oncology, 2014)

“Studies show that on average in the U.S there are 3.8 oncologists per

100,000 people.”

(American Society of Clinical Oncology, 2014)

“Studies show that misdiagnoses rates in

general are reaching up to 28%, and up 44% for

certain types of cancer.”

(Journal of Clinical Oncology, 2013)

IMPLEMENTATIONBridging Strategy and Investment


Contract Phase: Decision

to work together

(Apr-Jun 2015)

SHORT-TERM (4 MONTH PLAN) LONG-TERM (3 YEAR PLAN)

DATA WAREHOUSING

& CURATION

(July 2015)

WORK WITH GOVT: TO

GATHER PATIENT EHR

(Jul-Oct 2015)

IDENTIFY PARTNERS & IMPLEMENT

RFID TECH IN VARIOUS HDC

(Jul-Dec 2015)

CONTINUOUS LEAN

DATA MANAGEMENT

(2015 onwards)

RECRUIT AI-SPECIFIC

SOFTWARE DEVELOPERS

(July 2015)

SOFTWARE

DEVELOPMENT

DATA

INTEGRATION

INITIATE DEVELOPMENT & INTEGRATE WITH API

(Sept 2015-Jan 2018)

READY FOR

MARKET (2018)

PILOT TESTING &

EVALUATION

(Jun-Sept 2017)

SYNTHESISImagination Meets Reality


INCORPORATING

THE PATIENT’S

VOICE BY USING

COGNITIVE

COMPUTING IN THE

HEALTHCARE

DELIVERY MODEL

VELO

CIT

Y

INCREASED REVENUES[Rapid Response Increased Patient Turnover]

FEWER DOCTORS NEEDED[Velocity Assist]

Ultimately,

SAVE MILLIONS OF HUMAN LIVES

THE RELEVANT BENEFITS OF VELOCITY FAR OUTWEIGH THE ASSOCIATED COSTS

THANK YOU FOR YOUR TIME

TRUE NORTH CONSULTING

Appendix 1FINANCIAL IMPACT – Projected ROI


$10.66ORGANIZATIONS THAT USE ANALYTICS GET

FOR EVERY $1 THEY SPEND ON ANALYTICS

$18.71BUT WITH COGNITIVE COMPUTING, FIRMS ARE PROJECTED TO GET

FOR EVERY $1THEY SPEND ON (AI) CENTERED ANALYTICS

Appendix 2RISK OVERVIEW – Mitigating Significant Risks


RISKS

1

MITIGATION

1. Data security/ patient info: privacy

2. Lack of proficient IT personnel

3. High dependency on digitalization

4. Compatibility with existing systems

Likelihood

Imp

act

low

low

med

hig

h

med high

1

2

3

4

Implement multiple security layers & develop

internal security controls

2

3

4

Hire IT consulting firms with expertise in required

development areas

Implement protocols to prevent data breaches or

unavailability of resources during power outages,

system corruptions, electronic failure, etc.

Hire IT Strategists/Solution Architects and other IT

staff to integrate existing systems with Velocity

Appendix 3INPUTS – Variables related to Diagnosis


Fever; dizziness; abdominal pain; back pain; cough

Diabetes; breast cancer; colorectal cancer; grave’s disease

Hypertension; hyperlipidemia; hypothyroidism; frequent UTI; smoking

Blood pressure; heart rate; restoration rate; temperature; pain score

Pravastatin; Lasix; Aspirin; chemo-therapy; anti-emetics

Symptoms

Patient History

Clinical Findings

Medications

Family History

Appendix 4OUTPUTS – Infographics/Digital Dashboards


Measured by type of

illness/disease alongside level of

confidence.

User is able to “click” on diagnoses

to learn about the connections the

VELOCITY software has made.

Medical staff can discover

supporting academic studies and

expand level of knowledge.

Patients can learn about their

disease/illness and be more

involved in the diagnostics process.

CANCER

3A

CANCER

7C

CANCER

4A

CANCER

1B

79%

52%

28%

13%

Appendix 5COST PROJECTIONS


RECRUITMENT PHASE

DATA WAREHOUSING PHASE

RFID TECH IMPLEMENTATION

DATA CURATION PHASE

DATA INTEGRATION PHASE

PILOT TESTING & EVALUATION

MARKETING FOR LAUNCH

$100 K

$5MM - 9 MM

$10 MM – 45 MM

$2 MM

$5 MM

$10 MM

$3 MM

DEVELOPMENT PHASE UNKNOWN Feasibility Study to be conducted

Appendix 6COMPETITIVE LANDSCAPE


WHAT MAKES RL SOLUTIONS

DIFFERENT?

Major Competitors

AN EXISTING CLIENTELE

A FOCUS ON HEALTHCARE

A SUPPORTING SOFTWARE PACKAGE

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