We have built a prototype and have been building out a market-ready product based on our interactions with pilot customers. Our system is a combination of big data technologies with a blockchain-enabled persistence layer, allowing us full data provenance. Our system allows sharing of data (either within or between institutions) for aggregate analysis without revealing the input data to the other parties.
We are nearing a go-live with a patient organization. We are also in discussions with pharmaceutical companies and provider organizations.
CTO, Development Leader, MS
Biography: Nick has programmed healthcare solutions for most of his career. He is a programmer, designer and problem solver.
Title: CTO, Development Leader
Advanced Degree(s): MS
Health Linkages' goal is to enable analytics across different data systems in healthcare and life sciences. There exists a treasure trove of information throughout healthcare. Unfortunately, most of this information is either inaccessible or unusable. The data is not is the same format, there are no ways to control who sees each individual data point and no easy way to track the history of the data points. In other words, the data is not useful for data analytics. We enable hospitals to quickly and easily analyze their data in a fraction of the time it currently takes with a fraction of the FTEs, thus saving short-term revenue.
Health Linkages' goal is to enable analytics across different data systems in healthcare and life sciences. There exists a treasure trove of information throughout healthcare. Unfortunately, most of this information is either inaccessible or unusable. The data is not is the same format, there are no ways to control who sees each individual data point and no easy way to track the history of the data points. In other words, the data is not useful for data analytics. We enable institutions to quickly and easily analyze their data in a fraction of the time it currently takes with a fraction of the FTEs, thus saving short-term revenue.
We are looking for partners in:
1) Healthcare providers (including academic medical centers)
2) Pharmaceutical companies and biopharma companies
3) Healthcare payers
4) Patient organizations
Our total addressable market (TAM) is currently $2.8B based on a fraction of the total healthcare IT market (Markets and Markets Healthcare IT Report). Every healthcare provider needs a solution to be able to quickly and accurately calculate metrics for MACRA (either MIPS or APM). Analytics in healthcare are becoming more and more important and are being required for reimbursement by both public and private payers. Additionally, these analytics give healthcare institutions the opportunity to save short-term revenue by being high performers in MACRA as well as determining cost savings. Our system will provide metrics in less that 10% of the time it currently takes huge teams of data analysts and will also save by re-focusing these analysts to analyzing data rather then preparing data to be analyzed.
Our goal is to achieve revenues of $5M by the end of 2019 and $30M by 2021. This should allow us to reach an inflection point in 2019 and get our next round of funding. We plan to focus on the US and Europe (due to current interest in big data analytics with GDPR compliance) in this time frame.
Our planned revenue streams are based on enterprise sales for healthcare providers, payers and pharma/biopharma companies. We charge a license for our platform (usually on-premises but also available on the cloud) as well as for professional services helping with the data.
Health Linkages is competing against solutions developed in-house by organizations as well as data warehouse companies. Our solution is currently unique in that we are using cryptographic methods to connect granular data and make connections between the data. We are currently the only company on the market that can enable institutions to share data for analytics (either internally or externally) while maintaining the privacy of their data. Our system also leverages open APIs to allow use of external apps or algorithms to analyze data (or use AI/ML methods).
We are currently nearing a go-live with a patient organization focused on private (cryptographically anonymous) sharing of data with therapeutics companies and healthcare providers. We have garnered significant interest from pharmaceutical companies in Europe (as we are GDPR compliant) and have been working with academic medical centers in the US to provide data governance and analytics infrastructure.
We are exited to work with the New Orleans community to help create health IT hub where insights from data will drive down the cost of healthcare and provide better care to patient populations. We would be proud to partner with healthcare organizations in the New Orleans area (such as Lafayette General) to advance these goals and this would be one of the company's greatest priorities.
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