All contestants:
ConnectMedical
Location: Irvine, California, United States, 92617, United States
Stage: Napkin (idea)
Number of employees: 1-5
Short URL: vator.co/connectmedical

ConnectMedical

The next step in preventive medicine
Startup/business
California, United States United States
http://vator.tv/competition/show/2009-business-plan-competition-at-the-paul-merage-school-of-business
About
Video/documents
Company description
ConnectMedical allows patients to send medical information such as blood glucose measurements through a secure wireless network directly from their glucometer to their doctor without any extra work. Our computer servers would alert our healthcare professionals if the glucose measurements are extremely high or low, or consistently abnormal.  Such an alert would result in a phone call to the patient and to the patient's primary care doctor.  Our goal is to better manage chronic diseases like diabetes, and to reduce or delay severe complications like amputations, kidney failure, or blindness. With 23.6 million diabetics in the U.S. and a yearly cost of $132 billion for diabetic treatment (1 out of every 10 healthcare dollars spent), the market need is huge.  Currently, competition is low, and expected annual revenues are over $100 million in 3 years with 50% net profits.  ConnectMedical is the future of preventive medicine and chronic disease management.
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