FRISQ Company Presentation September 2018
Agenda 2018 2 • Why we are needed • What we do • Target market • Business model • Next steps
FRISQ Overview What we do and why Business Model: Addressable Market: Added Value: • Health Tech company • 70% of care staff and 50% 1. Empowers and that offers care plan of patients in Nordics is engages patients SaaS solutions for relevant for FRISQ Care care team and patients 2. Increases care team • Globally scalable • Primary customer group: efficiency and reduces costs Care providers • 3. Improves care Sales primarily with outcomes partners 3
WHY WE ARE NEEDED 4
Fragmented system with patient in between Why FRISQ Care is needed Primary Rehab Hospital Care Psychiatry Su f e c t i o n I n Occupational Specialist Health Clinic 5
Medical doctors spend only 1/3 of their time on direct patient contact Why efficiency improvement is needed Share of medical doctors’ working hours Other activities Direct patient contact 33% 33% (meetings, training etc.) 33% Up to 70% of documentation is Indirect patient work duplicate information (medical records, referrals, etc.) 6
Dramatic increase in Healthcare spend Significant increase in Healthcare spend Extrapolated increase in spend Healthcare spend, Sweden Billion SEK GDP, 3,7% p.a. 800 Actual 1 Forecast 710 700 645 600 500 480 400 0 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 7
Potential Annual Savings from Digitalization ~180 bn SEK Example Swedish Healthcare 41 bn Structured ways of working 66 bn Other ≈ 180 bn 75 bn Patient engagement 8
WHAT WE DO 9
FRISQ offers a globally scalable solution Electronic Medical Record (EMR) & Diagnosis independent Care Provider Care Provider Digital scale EMR System 1 Google Fit EMR System 2 HealthKit EMR System 3 FitBit FRISQ Care FRISQ Patient iHealth 10
Examples of Patient Groups relevant to FRISQ Care Diabetes Pregnancy & Childbirth COPD Cancer Psychiatric health Reumatism Infection Hypertension
FRISQ’s Target Market 12
FRISQ targets +80% of Healthcare Spend Two types of patient groups Sporadic contact with Healthcare Recurring relationship with Healthcare (less than20% of spend) (morethan80% of spend) Patients with larger Patients with mild healthcare needs, e.g. Estimated cost healthcare needs, Chronic diseases, e.g. need for Rehabilitation, ~ 330 bn SEK prescription for cold Estimated cost Pregnancy, Psychi- atric illness. ~ 70 bn SEK Targeted by Technology FRISQ! Solutions for steering patients right in system Technology E.g. Video Doctor Services Care plan software for care team and patients generic for all diagnoses No. of E-health solutions in Sweden No. of E-health solutions on the global market 1 >10 1
FRISQ CARE Addressable Market - Nordics Example 1. Assuming relevant to 70% of staff = 420 000 users 600 000 total # Healthcare 2. For comparison, Electronic Medical staff in the Nordics Records systems revenues usually 300-1000 SEK/month and user 14
A Multi-Billion Market Opportunity in Europe alone Healthcare >40M care users ~10M care users 600,000 care users 15
The largest, but least digitalized industry Healthcare • Healthcare – The largest industry in the developed countries (7-17% of GDP) • In Healthcare, ~3% of total IT spend invested in digital solutions. (vs e.g. 7% in Banking and Securities) 1 • To manage rapidly escalating Healthcare costs, a significant investment shift is expected 1 https://www2.deloitte.com/content/dam/Deloitte/de/Documents/technology/CIO-Insider_Technology-budgets.pdf 16
Business Model and Next Steps 17
FRISQ has strong competitive edge FRISQ High barriers 1. No other care plan application like FRISQ Care in the world. 2. Complex underlying data model to compete 3. Manages integrations with EMR providers Globally 1. Language independent 2. Compliance with international healthcare Scalable standards
Integration with the Electronic Medical Record (EMR) systems Very few Health Tech companies in Sweden have been able to integrate with the EMR systems Integrated with EMR systems < 5% < 5% of Swedish Health Tech companies are currently able to integrate with Elecronic Medical Records (EMR) systems* Not integrated with EMR systems > 95% Without integration, there will be double documentation and difficult to reach any volumes beyond pilot phase * EMR systems used by publicly financed healthcare in Sweden 19
Business Model FRISQ Primary Care providers/payers Customer Integrations and Product License Implementation Analytics Revenue item Support Monthly Fee Price per hour Pay per Service Pricing model per Care User 20
Partnerships for Successful Scaling FRISQ Technology Partners Electronic Medical Record Providers Implementation Consultants
Significant increase in Healthcare spend Example Sweden IT spend in Swedish Healthcare Billion SEK 20 Larger investments planned upcoming years IT spend Swedish Healthcare 15 expected to increase gradually to 3,5-4,5% of total costs 10 IT spend Swedish Healthcare ~2,9% 5 of total costs / 10 bn SEK per year 0 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 22
FRISQ´s Next Steps The Roadmap • Build Sweden as a showcase Fully commercialize 5-7 cealthcare cases Continue healthcare roll out Research/life science Insurance companies Other • European expansion based on Swedish showcase leveraging partnerships • Global expansion 23
24
Recommend
More recommend
