LIGHTHOUSE is a digital patient care program that brings together patients, their primary physician, extended care providers and our dedicated team of nurses, counselors and dietitians that will re-write the standards of care for people living with diabetes and elevate the impact of great self-management.
Our program is pre-approved for for a $500/year Medicare incentive and picks up where most diabetes protocols drop off — the moment a patient leaves their doctor’s office with a pile of great physician instruction, but with little guidance on how to translate their care plan into action. LIGHTHOUSE integrates into the existing patient/doctor workflow through the Electronic Medical Record (EMR) system and helps the care team identify opportunities for care. The connected patient program draws on the deep library of partner expertise to slowly help patients develop core skills in diet, physical activity, adherence and logging.
A five minute enrollment process in the doctor’s office kicks off an Mayo Clinic patient management team focused on care coordination, patient self-management and a digital care plan shared by everyone supporting the patient living with diabetes. For a typical family practice of 8 physicians, our program could easily drive an incremental $1MM annually to their bottom line, while transforming the quality of care they deliver to their patients.
LIGHTHOUSE qualifies providers for $42/patient/month reimbursement -- a typical family doctor has a $250K+ opportunity. Our current customers pay us $20/patient/month.
The source of this reimbursement is CMS 99490 (Medicare). Part I of this effort by CMS spent $30B+ over the past 5 years, took EMR penetration from about 15% to greater than 85%, and grew Epic, Allscripts, AthenaHelath, Cerner and a couple of others into multibillion lines of business. CMS 99490 is the followon to promote coordinated care and has an initial budget of $17B/year.
We can't build a business on a government incentive, but we can drive growth and market penetration on a revenue stream with at least a five year time horizon. In that time, we will "PROVE" that our service funcdamentally changes the cost-to-serve a chronic care patient and our new CUSTOMER will be the PAYOR or self-insured employer (which should be a lucrative target).
Next Generation Digital Health Accelerator
Open for New Applications for Next Group of Companies First Group of Companies Funded & Achieving Liftoff
Unique Environment:
Located in San Francisco - SOMA, co-located with Founders
Al...
