There is an information bottleneck that impacts all of healthcare.
Clinicians are having to enter and request information inefficiently.
Currently, there is no approach for a clinician to validate and log a clinical procedure contemporaneously.
Documentation must be done after the fact and can take hours per day.
Clear Protocol® was specially designed to be used at the point of care, hands-free, in a practical way.
Users can select a procedure and validate it in real time.
Completed protocols are logged automatically.
In Use Today
Currently, the most effective solutions to avoid medical errors utilize a checklist, and then record the verification by manual data entry. But they share two limitations: (1) they are not integrated into the clinical care delivery, and therefore cause interruptions in workflow to manually enter data; and (2) they are not practical to implement permanently throughout a hospital.
Competitive Advantage
We are the first comprehensive patented solution that:
1. operates hands-free,
2. gives clinicians bedside access to the EHR, Rx and CPOE systems,
3. enables clinicians to validate and log clinical practice protocols (checklists) continuously and unobtrusively,
4. accepts any checklist used in health organizations.
Our solution leveraged existing, mature technology – voice recognition – already in use in 90% of hospitals and embedded in the leading EHR systems: Epic, Cerner, Allscripts, and MEDITECH.
The solution is Clear Protocol®, a patented software system that uses electronic wearables, is hands-free, and voice operated.
US Utility Patent 10,318,928B1.
Go To Market
We plan to gain adoption by appealing directly to physicians as they experience the greatest pain points of wasted data entry time and potential malpractice liability.
Our Team
We have a multi-disciplinary team with the right skills and key insights to develop a system that will eliminate worker errors. We are system integrators who know more than just hardware and software. Our team has experience and degrees in nursing, PhDs in Healthcare Informatics, Computer Science, Engineering; Finance, Project Management,Corporate Law, Intellectual Property Law, and a passion for assistive technology –building businesses and authoring scientific research in this area over many years.
Use of Funds
We plan to use the initial funds to complete our Hospital pilot study, continue software development, and produce product test units.
Traction
We have a working prototype, and we are raising funds for the final stage of development.
Some notable collaborations:
- Since 2016 we have worked with Dr. Zikos of Central Michigan University, Healthcare Informatics
- A top US law firm, Sheppard Mullin, filed our patent (second patent expected in 2021)
- UCLA computer science advised and programmed our proof-of-concept prototype.
Revenue Model
Recurring revenue will come from “per bed” or “per user” subscriptions. There will also be one-time setup and training fees.
Securities Offering
We are offering a 24-month convertible note with a 6% return plus a 20% discount or more for early investors off of a $4,000,000 valuation. See the PPM for complete offering details.
Please Note: Our presentation deck is updated from the PPM. Please review both documents before investing.
