Core Mobile, Inc.

All contestants:
Core Mobile, Inc.
Enhancing Digital Health for Happier Lives
Startup/business
Campbell, California, United States United States
http://www.coremobileinc.com
3
  • Overview
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Company description

Core Mobile is enhancing digital health by harnessing the power of mobile, real time data, AI and machine learning to increase access to care and improve patient outcomes.

Core Mobile products and solutions are HIPAA and FISMA certified by US Federal Government as shown at, 

https://www.coremobileinc.com/HIPAA_FISMA_certifiedcm.php

Core Mobile has won multi-year multi-million dollar contracts from Veterans Affairs Medical Centers. 

https://www.fedhealthit.com/2019/04/va-awards-5-year-contract-for-perioperative-scheduling-management-suite-software/

Core Mobile solutions are sold by DELL Technologies worldwide including Europe and Middle-East. 

Core Mobile offers guaranteed Return on Investment between 300% and 600% with multiple metrics of measurement as listed below.

Improve Efficiency & Access to Care

     ‐Reduce cancellations / delays / no-shows 5% to 40%

     ‐Increase patient throughput 5% to 20%

     ‐Increase block usage time up to 95%

Increased Virtual Visits

Improve Patient & Staff Satisfaction

Improve Patient Outcomes

  ‐Reduction in readmissions 5% to 20%

Improve ICU Nurse-Patient Ratio 1:2 to 1:5 to targeted goal of 1:30

Core Mobile became cash flow positive in 2019.

Core Mobile raising capital to scale the business to address $150M opportunity at VA, $100M opportunity at DHA, and overall $950M opportunity worldwide in the next 3 years.


http://carahsoft.adobeconnect.com/pzi8v91wf0/




Ps_18279_1573


Awards and Mentions
  • 18279_2811
    Core Mobile Inc. participated in SAP's DEMO and won runner up in the DEMO Enterprise Spotlight on April 3, 2014. Watch below as Founder and CEO, Chandra Tekwani presents the Core Mobile technology on the DEMO stage. https://www.youtube.com/watch?v=QMQoU0Gzjf0
  • Business model

    Core Mobile is priced as software-as-a-service with recurring revenue model per user per month (or per year). The software is for use by healthcare providers for workflow every minute or every few minutes.

    The driver for adoption is the need for efficiency and with measurable results achieved during 30 day trial. The key metrics impacted are: (1) Reduction in OR turnover time between 5 and 15 minutes per patient resulting in operational savings of > $1M per year; (2) Increase in patient throughput up to 20%; (3) Reduction in readmissions up to 30%.

    Comprehensive care coordination across the continium of physician office, the hospital and the home including post acute care is a growing need specially with outcome based payments model being adopted in healthcare industry.

    Competitive advantage

    Core Mobile technology is patented and differentiated against the 3 types of competitors: (1) HIPAA compliant messaging like Cureatr and TigerText; (2) Voice based coordination like Vocera; (3) Large screen displays like LiveData. Core Mobile is clearly differentiated using mobile/location based technologies and predictive analytics with guaranteed performance improvements using LEAN methodologies and case process maps.

    Investors
    Chandra Tekwani
    Computer Scientist turned entrepreneur and product executive in mobile networking and security technologies focused on making healthcare - Mobile, Efficient & Coordinated.