BIOLAB 360 by SMC

1. We are committed to solving the problem of remote health care and the problem of off loading the national health care systems from unnecessary visits that can spread the virus further .

2. We are proposing a Telematics in Health 360 solution, cloud based so that unlimited number of health professionals and health community  can access vital signs of patients remotely and in a secure 100% way and pro-act  in a preventive way by receiving threshold alerts and   issuing appropriate protocols .

3. Benefit :

With the help of our  system, the number of people going to hospital outpatient or private clinics will be reduced, allowing them to stay safely in their homes, with 24/7 remote medical monitoring and available per day. anytime by phone with a specialist. If measurements require transportation and hospitalization, threshold alerts alert medical personnel

Problem : With the rapid increase in COVID-19 cases, it is possible that the private physician of a patient  may not be immediately available to give instructions , or if the patient does not have their own physician, they may be afraid to stay at home, resulting in hospitalization, risk of possible transmission of the virus - if he/she is a carrier - and overload of the National Health System by the large number of citizens in hospitals.

Solution : With the help of our  system, the number of people going to hospital outpatient or private clinics will be reduced, allowing them to stay safely in their homes, with 24/7 remote medical monitoring and available per day, anytime by phone with a specialist. If measurements require transportation and hospitalization, threshold alerts alert medical personnel.Benefits:

-Support the health system for patient visits and hospitalization.

-Reduce the risk of dispersal due to enhanced home monitoring

-Critical hierarchy over others based on objective data

-Reduces the cost of hospitalization through home monitoring

-Great on-line patient vital information in a safe way

-Online video conferencing of patient - medical staff

-Automatic notification of emergencies

-Security and protection of medical data,creation of medical records

TECHNICAL DESCRIPTION OF THE SYSTEM

The system supports automated measurements of the patient's vital signals via FDA approved bluetooth medical sensors. These measurements are automated via a Bluetooth secure protocol in the software application on the tablet and the measurement data is automatically replicated over the cloud to the corresponding application of the physician, hospital or Medical Call Center remotely (application or web), in a secure authorized way. This way the health system can remotely monitor the patient's vital 24/7 signs and receive real-time remote alerts so that they can make the right decisions.

Benefits for patients 

- Allows for longer monitoring and greater volume of information of critical

patient information

- Collaboration of patient and doctors via online conferencing

- Automated Emergency enablement

-Delivered in the comfort of the patient's home

-Easier for family and friends to visit

-Promotes healing and provides more safety from infections

-Allows more freedom and independence

-More affordable than inpatient care

-Tailored to the needs of each individual patient

-Reduces re-hospitalizations

Benefits for enterprises

 Evidence-based patient care
 Decisions based on facts, enabling a more patient-centric approach
 Compliance
 Leveraging patient information
 Develop improved trending models across more focused patient sets
 Including the patient support structure
 Improved operational efficiency
 Administrative processes can be more effectively managed, such as load balancing support staff or determining the effectiveness of behavior modifiers
 Access to relevant information from all sources
 Allowing for collected patient information to be gathered from more than one source, including PHRs and the patient’s network
 Leverage the trending across the larger patient groups

Every patient with a personal BIOLAB360 kit   can monitor easily his/hers vital signs automatically through FDA approved devices and this data are replicated  over the cloud automatically and instantly, so that an authorized  physician/medical call center can have access 24x7.  Threshold alerts based on predefined protocols can be received so that preventive medicine can be exercised. Moreover secure instant videoconferencing is available through the same  software /app so that a physician can talk to the patient directly and vice versa. Medical health records integration as well as allergies integration is provided.Also reminders and medical dosage are supported.

There have been several Telematics in Health solutions up to this day even though the subject is fairly new. 

The differential advantage of our solution is that it follows  a 360 approach ( several FDA approved devices tested and certified under one cloud based software solution : thermometer, oxymeter, spirometer, blood pressure monitor , gluco, smartwatch, urine analyzer, weight scale etc ) and provides instant access over the cloud to unlimited number of physicians and has open architecture and can be integrated via API to medical call centers and other platforms , while it can also integrate with public medical health record systems. Moreover the interface is user friendly and the offering can be completely consumerized  for the everyday patient , while big data can be invaluable for pharmaceutical companies, health care system, insurance companies for optimization of their offerings. The solution is 100% secure , GDPR compliant and it can be installed in private cloud as well as public cloud.

The solution is based on Hardware and software . We provide CE approved and FDA approved tested hardware with our software engine.

The software is based on open architecture , cloud based and we offer  it as part of our kit BIOLAB 360 solution. The testing of devices via open bluetooth protocols is carried out by our developers team. There are foul cloud licenses ( all devices ) for Android tablet  for patients, special licenses for doctors ( android or web ) and we can customize the solution appropriately : For example for the case of COVID-19  we tailor our kit with thermometer, oxymeter, spirometer devices only.  A graphical interface is supported with the big data. 

BIOLAB 360

You can find the link of video above with kit with devices . I attach also some extra pictures 

The more people the solution will be deployed to , the more data we will gather and the more the national health care system will be off-loaded. We expect major impact when the solution deployment reaches thousands of users.

Currently we have deployed the solution to several medical institutions and professionals. In five years we expect to reach thousands of patients and hundreds of professionals , institutions,call centers.

Within the next year we aspire to expand abroad and achieve thousands of BIOLAB 360 kit sales and installations of cloud solution to  several dozens of institutions. Within five years we aspire to be a 10M$ company per year.

We need initial funding for our kit production line and one- two major contracts for big institutions to boost our business asap .

In the next five years we need to create a channel of partners abroad to distribute our solution.

Currently we participate in several tenders for remote health care . We aspire to win few of these to overcome the initial funding needed. 

Afterwards we will expand our business model abroad very fast.

We have a team of 7 people , 3 full time and 4 part time and we cooperate with an extended team of developers.

Because now we are at production  phase and we have a 100% working product.  We collectively have more than 50 years experience in the IT industry and more than 5 years experience on sensor big data.

I have a Ph.D from the University of Washington Seattle WA and have worked for several years for multinational companies like IBM and Lenovo.

You can find me on linkedin :

https://www.linkedin.com/in/michael-economakis-94951029/

We have a very capable team of developers dedicated to our solution and we drive integration with our medical devices partners  and product development in a strong way.  Our business model is clear , our value is concrete and we are confident for the success of our company.

We partner with our developers team, with our medical devices team and with our integrator team. These teams provide the separate software, components and integration services we need for our kits production.

We have the following distinct business model lines :

- BTC ( Business to Consumer ) : We can sell our product kits to consumers via retail ,e-tail partnerships  and in this case we can provide the services 24x7 under a Medical Call center partnership integration . In this case the client buys the kit, cloud services as well as  with medical  services contract  for a year.  We can of course expand this model abroad. 

- Enterprise : We can sell the kits to an organization for its customers ( eg Health Care Systems, Hospitals, Cliniques, insurance companies )  where we can integrate with their Medical call centers and even install the solution to private cloud. In this case we just sell our kit with cloud services for a year.

- Pharmaceutical :  We can provide completely anonymous sensor big data studies to pharmaceutical companies in order to improve their production lines .

We are a private company and raised all the capital ourselves. We are three stakeholders each owning 33.333% .  We have not applied so far for any loan or grant .  We have minimum expenses since we operate basically on a revenue stream / expenses business model. Actually our model is targeting the low income client , as well as the enterprises.

Low-income clientSimilar to fee-for-service in terms of offering services to clients but focuses on providing access to those who couldn’t otherwise afford it.Healthcare (prescriptions, eyeglasses), utility programsCreative distribution systems, lower production and marketing costs, high operating efficiencies

As stated in the barriers we believe that Solve can help us access one , two major Enterprise customers ( Hospitals , cliniques, Health care systems) in order to drive BIOLAB 360 kit sales and boost instantly our business.

We are also willing to explore cooperation in strengthening our integration production line and in addition any certification barriers we have to overcome abroad ( even though all our devices are FDA approved and our software solution is GDPR compliant,  currently installed  over Azure cloud). 

We are willing to explore a joint business model for a specific market even under distribution/white labeled agreement and in this case what we need is immediate access to 1-2 major accounts and initial funding for strengthening our production line and WL license to investors.

We are open on this , we are willing to discuss with partners that can provide access to Telematics in health customers and Enterprises abroad.

We can leverage ANONYMOUS and secure sensor big data over large scale populations and provide this data to pharmaceutical industry and insurance industry to optimize their costs and products while at the same time improve significantly the quality of living for the patient.