DOCchat AI
Transforming Healthcare with Unified Medical Data
Imagine AI-powered records seamlessly working
together to deliver unparalleled patient outcomes.
It's not just evolution—it's a revolution.
Jason Bernard, CEO | jason@docchat.ai | (650) 542-0223
Executive Summary
Vision: Transform healthcare by seamlessly integrating fragmented health data into a unified, actionable health story with AI.
Mission: Empower patients and healthcare providers with access to comprehensive medical records, enhancing treatment outcomes and operational efficiency.
Investment Opportunity: Seeking $500,000 to accelerate development and market penetration, unlocking significant growth potential.
The Problem
Fragmented Health Data: Medical records are scattered across various systems, leading to incomplete patient histories and suboptimal care.
Interoperability Challenges: Existing systems struggle to communicate effectively, resulting in inefficiencies and potential medical errors.
Patient Impact: Patients face critical delays in diagnosis and treatment due to inaccessible or incomplete health information.
Our Solution
DOCchat AI: An AI-powered platform embedded within InstaHealth that integrates and consolidates medical records, providing a unified health story for each patient.
Interoperability: Seamless communication between disparate systems, making medical data easily accessible and searchable.
AI Insights: Utilizes a large language model to analyze and compare medical records, enabling both doctors and patients to interact with their health data for better understanding and decision-making.
Market Opportunity
Total Addressable Market (TAM): Over 320 million people in the USA, with a significant portion requiring advanced healthcare solutions.
Serviceable Available Market (SAM): There are 82 million patients with heart disease, 37 million with diabetes, and 5.4 million cancer patients. There are 305 million people in the USA with health insurance.
Serviceable Obtainable Market (SOM): Targeting 20% of these segments initially, representing nearly 61 million potential users through D2C and partnerships with the top twenty Insurance Providers in the USA.
Product Features
Unified Health Records: Consolidates data from various sources into a single, coherent health story.
AI-Driven Insights: Uses advanced language models to compare answers and provide personalized recommendations.
HIPAA Compliant: Ensures data privacy and security, meeting stringent regulatory requirements.
User-Friendly Interface: Designed for ease of use by both patients and healthcare providers, facilitating real-time interaction with health records.
Business Model
Freemium Model: Millions of health inquiries, capturing 2 million of 53 million Google searches for health-related questions. Monthly subscription fee of $2.99 or $20.99 per year.
InstaHealth Integration: InstaHealth pays DOCchat 20% per month for customers who order the $11.99/month medical record consolidation and insights service, with $7.99 for each additional family member.
Insurance Providers: $10 per patient per year subscription fee and $1 per interaction usage-based fee.
Custom Data Searches: Additional revenue from specialized searches for special interest groups.
Go-To-Market Strategy
Phase 1: Partner with insurance providers and healthcare networks to onboard large user bases.
Phase 2: Leverage relationships with senior citizen networks and nonverbal autistic communities.
Phase 3: Target special interest groups focused on cancer, diabetes, and heart disease.
Marketing: Digital campaigns, partnerships, and direct sales outreach.
Financial Projections
Year 1: $38.378 million in revenue from freemium subscriptions, InstaHealth integration, insurance providers, and custom data searches.
Year 2: $76.756 million from expanding user base and increasing interactions.
Year 3: $123.532 million as adoption grows and more special interest groups engage.
Year 4: $175.104 million from scaling operations and deepening market penetration.
Year 5: $221.88 million with full market adoption and additional revenue streams.
Competitive Landscape
Epic: Reliable EHR, high cost.
Cerner: Strong interoperability, usability issues.
Allscripts: Comprehensive, inconsistent support.
Athenahealth: Cloud-based, limited scalability.
Meditech: Reliable, outdated interface.
NextGen: Good support, system instability.
Greenway: Enhances care, performance issues.
eClinicalWorks: Competitive pricing, complex UI.
McKesson: Strong analytics, high cost.
Health Catalyst: Robust data, not full EHR.
Team
Jason Bernard (President): Experienced healthcare entrepreneur.
Dr. Lily Bernard (Vice President): Expert in clinical trials and go-to-market strategies.
Dr. Amin Mobasher (CTO): Ph.D. holder with over 50 technology patents.
Milestones and Timeline
Q3 2024: Finalize product development and beta testing.
Q4 2024: Launch partnerships and initial marketing.
Q1 2025: Achieve first 100,000 users, expand to special interest groups.
Q2 2025: Full market launch with expanded features and partnerships.
Investment Ask and Terms
Investment Amount: $500,000
Use of Funds: Product Development: 40%, Marketing and Sales: 30%, Team Expansion: 20%, Operational Costs: 10%
Investment Structure: SAFE Note
Valuation Cap: $7.5 million
Discount Rate: 20%
Conversion Mechanics: Automatic Conversion: At the next priced equity round. Liquidity Event: Converts into shares or payout equivalent in case of sale/IPO.
Closing and Contact
Transforming Healthcare: DOCchat AI integrates all US patient data into a unified, HIPAA-compliant platform, enabling doctors and patients to gain life-saving insights through deep data analysis and interactive chats.
Join Us: Be part of a healthcare revolution that makes medical data truly interoperable and accessible. Invest in the future of healthcare with DOCchat AI.
Contact: jason@docchat.ai | (650) 542-0223
Address: 2353 Sharon Rd, Menlo Park, CA 94025