Vatorx2
All contestants:
OpenTreatment
Location: San Francisco, California, United States United States
Founded in: 2014
Stage: Revenue generating
Number of employees: 1-5
Funding history:
- Date: 04/2014, Seed: $150 k (post valuation: $750000).
Short URL: vator.co/opentreatment
Awards and mentions
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Startup House Battlefield - March 2015 - Initiated in late 2014, its reputation among founders has grown. Battlefield is essentially a way for startups to sharpen their company stories on the way to crafting the strongest pitch possible. A panel of experts watches each pitch and offers a critique immediately afterward. After all founders have finished their pitches, the panel convenes to pick the winner. Each event is limited to five or six startups. OpenTreatment was awarded "Best Pitch" & "Most Likely to Fund"
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Startups Showcase Demo+Pitch Expo & Mixer presents an AplaZ event at Ruby Skye - Friday, March 20, 2015 with over 300 in attendance and a panel of VC's and Angels heard over 10 Company pitches and awarded the top five as the crowd awarded the Winner of "Best Pitch and Company." OpenTreatment was awarded Best Pitch & Company!
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Awarded to Speak and Present to over 10,000 people at this years 2015 Collision Conference in Las Vegas, NV. Collision is Web Summit’s sister event, and found a home in Tony Hsieh’s Downtown Project in Vegas. In 4 short years, Web Summit has become Europe’s largest tech conference attracting over 20,000 attendees from around the world. Collision is a vision for a new type of tech conference for America: A meeting place for 10,000 people who are both building the companies of tomorrow and managing the companies of today.
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Out of 2000 start-up's applied, OpenTreatment made it to top 25 and presented at the 2015 CES in Las Vegas, Nevada. OpenTreatment was also invited to Necker Island (Richard Branson) as part of the top 25 new start-ups in Extreme Tech Challenge.
Testimonials

Potential disruptive mobile technology relative to the patient - healthcare provider relationship. Very efficient, time saving and user friendly for patients as well as extremely cost efficient for healthcare providers.

As Executive Director of the Extreme Tech Challenge, our judges ranked Open Treatment in our top 30 out of nearly 2,000 countries around the world. Our first reason was the team. The Founder is a Doctor. Another reason is a true painpoint we've all experienced that needs solved. And the third reason is that healthcare overall is in real need of innovation and it's truly trending right now in terms of investment.

The technology addresses assisting patient to be correctly triaged to ER or clinics. Large ROI
They also send secure medical information and images

Open treatment streamlines the patient process and saves hours of time in filing and filling patient intake documents, medical documents, insurance approval processes for patients and even helps get patients get to their appointments on time. This is a disruptor of the status quo in the medical profession and will help save money and create less stress in the whole system.

Its a great company making my headaches of finding a doctor that takes my insurance and will save me time. With my busy life, that is one less thing that I have to worry about.

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OpenTreatment

Get In Before You're Seen (TM)
Startup/business
San Francisco, California, United States United States
https://www.opentreatment.com
22
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Company description

Imagine needing to see a Doctor, or find a doctor while traveling and having your Intake Forms, Insurance Verified & Approved, All YOUR medical files, See Live ER Wait times, and Have an Uber pick you up in under 4 minutes to your appointment.

Based on your GPS OpenTreatment finds a physician that takes your insurance or you can simply search by type and location.  Once you select your Doctor you can send his office immediately your Intake form, insurance, medical files, Labs and X-rays.

Your Daughter has a Fever and you need to find an ER room nearest you. You will see LIVE ER Wait Times - Pick the closest one and that is it.  Again as an option a Uber will come and get you and when you arrive they know your daughters name, insurance is all set, medical files and any current X-rays and will see her at the time you select. It's that simple.  **(In cases where it is an Emergency and 911 is needed, OpenTreatment has contracted with the 2nd largest Ambulance Company in SF to ping the closest Ambulance using our technology vs a call center or dispatch that is not GPS centric) 

(9-1-1) 17-48 Minutes is average wait time today nation wide - vs with OpenTreatment 2-10 x faster! 


(1) Open Treatment is a "TSA Pre Board" for medicine. Patients fill out a simple history form or use the in-app medical file transfer function to reduce their wait times at participating hospitals--we're talking from 4 hrs 20 min to a 16 minute wait. 

(2) Open Treatment is like a Square reader for insurance cards. It gives Physicians the opportunity to quickly "read" insurance cards (via a patented process) so the doctors knows their patients' benefits (e.g. how much is left on their deductible). This is important to ensure timely billing and more transparency of the billing process.

(3) Open Treatment has a Uber-like map function for hospital wait times. Plus! The app connects with Uber to get a non-acute patient there faster than calling 911. Plus, Uber pays for the trip there. 

No more filling out the tedious intake forms, have insurance questioned, carry around medical files or films....it's all with one push of a button.


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Team
  • Anthony Pollard
    Anthony Pollard | Founder
    Dr. Anthony Pollard, Board certified physician with over 30 years experience in Family Medicine, Internal Medicine, and Cardiovascular Disease. Dr. Pollard did his medical training in Tulsa Oklahoma and served his country in the navy.
  • Robert Nathanson
    Robert Nathanson | Founder
    A visionary and marketing guru while having a track record in long term market strategies and building high-performance executive teams. Robert has lead sophisticated platforms with product and service organizations with large market penetrations.
  • Walter Kopp
    Walter Kopp | Team member
    Walter Kopp is President of Medical Management Services a healthcare executive management and advisory group specializing in the development of clinically integrated communities. Walter has also assisted in the development of Open Treatment
  • Cayley Wetzig
    Cayley Wetzig | Team member
    Cayley Wetzig is an American businesswoman, writer, former consultant, Division I tennis player and entrepreneur with a BA in Finance and an MBA. Cayley develops innovative products and that helps solve the world's billion problems....
Business model

Licensing deal to hospitals and doctors offices using a SaaS Enterprise platform.

Competitive advantage

OpenTreatment was created and patented to capitalize on todays market opportunity by providing integrated mobile app and web-based software modules that deliver patient demand management (PDM) through the following: 

  • Drive Continuous Demand:  OpenTreatment will enable patients to deliver timely Intake forms and insurance verifications and authorization to any hospital/practice prior their visit(s) through a mobile app and or web based application.  These Intake forms and insurance authorizations will be delivered by the OpenTreatment patient and will include integrated EMR communication. 
  • Drive Instant Demand: Having a one-time intake form that is updated regularly that can be delivered to any of your medical providers electronically and seamless is what OpenTreatment delivers.  OpenTreatrment will also enable businesses (Insurance companies) to deliver targeted promotions based on specific customer criteria.  This functionality will allow OpenTreatments patients to get best insurance quotes during times of constant changes in the industry. 
  • Drive New Demand:  Prior to the world wide web, medical service businesses attract new customers primarily through referrals from existing customers.  At OpenTreatment, having a mobile app and  online web presence with existing providers on platform will greatly enhance visibility and those taking patients insurance and make it a one step process.
  • Ensure Future Demand:  It is ten times more cost effective to keep an existing patient than to bring in a new patient.  To effectively monitor customer satisfaction, OpenTreatment will deliver an online customer satisfaction survey to each customer immediately after service has been performed.  The OpenTreatment customer will know instantly if a customer is happy, or more importantly, if a customer is unhappy.  This functionality will provide important feedback to the business and assist them in keeping customers who may otherwise chose to take their business elsewhere. 

It is expected that each OpenTreatment customer will generate a minimum of $40 in new revenue for each $1 they spend on OpenTreatment each month.