The Healthcare Algorithms Platform 1 The Problem Actively
The Healthcare Algorithms Platform 1
The Problem Actively reduces hospital-wide adverse events by providing immediate critical intelligence at the point of care $20 million+ in unreimbursed costs per hospital per year 2
Global healthcare analytics market Predictive and prescriptive analytics are the fastest-growing segments. $ 14. 8 B in 2019 $ 50. 6 B by 2024 % 3. 8 2 R G A C t ke r a M marketsandmarkets Published Date: Jan 2019 | Report Code: HIT 32180
Hospital Acquired Infections Use Case Existing Knowledge Real-time hospital-wide surveillance for HAIs New Knowledge Early detection of sepsis 100% accuracy in one-year study 92% accuracy in one-year study Validation: the solution was validated at the Sheba medical center (2, 000 beds teaching hospital) with 4, 000 ICU patients over 12 month period with 100% accuracy for automatic real -time surveillance Annual Savings: Obviated the need for 50 new nurses 4
Disruptive Technology Milagro. AI technology Algorithm – Ready Data Prep • We understand use all patient data - structured and unstructured (text reports, notes) • We make AI smarter by injecting existing clinical knowledge Fully approved US patents Hospital-wide platform supports unlimited use cases 5
Traction 2017 o National tender winners by the Ministry of Health in Israel for all hospitals o Awarded Startup of the Year by Allscripts (3 rd largest EHR vendor) o Channel partner agreement with Konica Minolta Sheba Medical Center initial beta site 2018 2019 Advanced pilot discussions with o Providence Health System o Mercy Health System o Hartford Health System o New York State Department of Health o Signed Development Partnership agreement with Allscripts o Assuta Health system o Hilel Yafe o Naharia 2020 6
The Management Team Milagro. AI technology Amit May-Dan, Co-founder and CEO Greg Hobbs MD, Cofounder, CEO USA Skip Best, SVP Sales Ofer Derech – VP R&D Aviram Weiss, MD, CMIO Gal Nitzan – CTO 7
Financials & Business Model 2019 2020 2021 2022 2023 $0 $1 M $6 M $18 M $40 M Israel $350 K $1 M $2 M $3 M Total $350 K $2 M $8 M $21 M $43 M US $80 per hospital bed per month 4600 acute care hospitals in the US 800, 000 total beds 10 hospital system with 2500 beds generates $2. 4 million annually 8
Financials investment and used of funds Milagro. AI SEEKS TO RAISE $2, 000 $1, 500, 000 for Business development (US) $500, 000 for working capital US Sales, Marketing and Product Delivery (2020 -2021) – Successful implementation at 2 -3 pilot sites – Begin implementation at major health systems – Expand Sales and Marketing team to support channels (Konica Minolta, Alvarez & Marsal, Allscripts) and direct sales 9
THANK YOU
- Slides: 10