Hank [BS/MSEE,
MSM $$$, Ph.D. Mgmt] teaches First in the Nokia 2008 Mobile Rules Business Plan Competition
Published March 27th, 2008 in Daily Post
The following pitch and info is from the current vator.tv. The MedApps solution is a cost effective Remote Patient Monitoring System that utilizes Cellular and Wireless technology to connect people with their healthcare providers. MedApps, Inc. headquartered in Scottsdale, Arizona, is a new and emerging leader in Mobile Wireless Health Monitoring – designed to connect people with their healthcare providers, in a timely and cost effective manner. Founded in: 2006 Stage: Beta (public testing) Number of employees: 6-15 Completed funding: Angel/Investor Revenue: $500k to $1M Profitable year: 2009 Pitch creation: March 18, 2008 Updated: March 19, 2008. Hank
This a really great idea. I know plenty of people who need this kind of monitoring not only for things like diabetes but for more serious health conditions. I am trying to understand what Kent was talking about when he mentioned the more you use it, the more music you get. I guess I’m skeptical about how well the phone, mp3 player, and medical device would function all in one. I would like to see what other PALs they are going to be making as well.
I think this is a great idea! There are way too many people in the world that do not get proper health care, and find about a chronic disease after it has already progressed through their body. Most people already carry around a cell phone or mp3 player, so asking people to upgrade to this new “all in one” devise would not be a big deal. However, I do think that many people will consider this as a replacement for going to the doctor.
I think this idea is huge!! I think this is perfect having such a large number of people that he can market this product to. It is also a great idea because a lot of baby boomers are becomming more and more tech savy, therefore they wont be scared to go out on a limb and try this new technology.
This is a great idea! I think that my grandparents should look into this because they live in AZ and it would be a great thing for them to invest in!
Interesting idea, though I didn’t really understand what he was talking about when he was saying “the more you walk the more music you get” or whatever. The ideas presented at the end of the pitch were the most interesting/ear catching to me.
I know a lot of people don’t carry around health indicators or whatever because it’s just one more thing to hold on to or carry, but putting this in a cell phone is genius because so many people already carry one around.
Really interesting idea! I like that this builds up mp3 players or cell phones into this new form of all in one technology. It’s especially smart because older generations are more tech savy than before, and the younger generations are fixed on cell phones and mp3 players. Being able to come up with this system in devices that people already carry around is genius!
perfect example of not being able to contact your healthcare provider: Last night I was in the most pain I had ever been from an ear infection. I was trying to call and figure out where I could possibly go that would not charge as much as the ER room and my insurance might possibly cover part of it. I made numerous calls only to find out my insurance provider doesn’t answer phones after 5pm, which is only natural because no medical emergencies happen after work hours. This tool would have been heaven sent!
I think its a great idea. Useful for hospice, active travelers, or forgetful elderly, diabetics and such. I saw a pitch about 5 years ago for a lower tech version. Similar concept, but it wasn’t a real time application, but rather a credit card sized device that held a patients information and any relevant information of which could be tracked and updated between any health care provider.
wonderful idea!! i think it would be great for older people that have a family member take care of them so they can tell if something is wrong if the elderly or sick person doesnt tell them in a timely manner…i also agree that it would be great for hospice…
This seems like a good idea. But, how many of these people who have these diseases would actually not only be interested but also benefit from the use of this product?
I see that a lot of people are talking about how great it is since so many people carry cellphones anyhow and how helpful it would be for the elderly, but at the same time I actually don’t know too many older people that carry or even own a cell phone. It’s a great concept, but I’m not sure the implementation of this device is going to go all that well especially when you start to think of all the different carriers and phone companies out there. Would this been an add-on to certain phone brands, or would they try to make their own brand and just use different carriers?
I see both sides of the coin with MedApps. I do think this is a wonderful idea and opportunity. It’s like what Brian Glassman meant when he said about combining two seemingly unrelated ideas - medication/ health monitoring and the technological aspects of cellular devices and more. This provides for great convenience and fits right in with all the newer and more convenient devices medical supply cos. are coming out with, i.e. the less-painful blood glucose monitors, etc. I see Josh’s point that many older people may not be as willing to run out and buy the new technology, but one must keep in mind that the baby boomers and the elderly are not the only ones with health problems. When talking about diabetes, the age range of those the disease affects is limitless.