Excellent, I love projects with real application. I think this will be a breakthrough technology and help to make a revolution in this sector.
Thank you for the support. We appreciate it, and we completely agree with your assessment.
We've gone to great lengths to make the case that this is more than just a flashy demo and hope. There's already a huge market need for Patientory right now, especially in the US.
- Healthcare providers need to provide care to 117 million Americans diagnosed with one or more chronic illnesses
- Reimbursement from CMS (Centers for Medicare and Medicaid Services, an agency of the U.S. Department of Health and Human Services) for chronic care management services is only ~ $43 per patient per month.
- That reimbursement then gets reduced by penalties if the patient is readmitted within 30 days.
- 2,597 hospitals face $500+ million USD in penalties under the CMS readmissions reduction program in 2016 alone.
- If all that weren't enough, healthcare data breaches totaled over 112M in 2015, costing >$6B in damages.
- Global healthcare cybersecurity spending is expected to reach $10.84 billion by 2022
- 1 in 13 people will experience their personal medical history compromised by a hack by 2021
Bottom line: providers and patients urgently need a secure, scalable and cost effective population health management solution. That's solution is clear: Patientory.
At your service,
Michael
Wowww statistical data is quite surprising, this is only data from developed countries as united states, how about the developing countries that level under united states? Would probably be a very very large market