AI-Powered Solutions for Efficient Patient Care Sitting in a waiting room represents a $200B systemic issue in healthcare—the broken resource matching system. MedBright AI (Ticker: MBAI.c or MBAIF for US investors) recognizes that assigning patients fixed time slots based on a first-come, first-served basis is inefficient and fails to consider individual medical needs and time requirements. This results in wasted time for patients, extended work hours for doctors leading to burnout, and revenue losses for clinics.
MedMatrix: A Game-Changing Solution
Med Bright AI's flagship offering, MedMatrix employs artificial intelligence to predict patient needs and dynamically prioritize resources, thereby enhancing clinic revenue, patient satisfaction, and reducing physician burnout. The system operates seamlessly with existing clinical software, ensuring a smooth integration process without disrupting established workflows.
Match: MedMatrix dynamically matches resources with patient needs, improving both physician and patient experiences.
Analyze: The platform ingests and analyzes historical clinic data to assess future performance.
Learn: Utilizing proprietary AI models, MedMatrix learns from clinic data and simulates improved performance using its advanced engine.
Grow Revenue: Dynamic matching is estimated to increase clinic revenues by an average of 10%, potentially doubling profits without increasing costs.
Converting Healthcare Data into Revenue Opportunities
MedMatrix taps into various data sources, including Clinic EHR Data, Personal Interaction Data, Facility Resource Data, and more than 20 additional sources. By predicting patient needs, optimizing resource matching, and generating growth opportunities, MedMatrix is positioned to unlock a significant $220 billion revenue opportunity in the $2.2 trillion healthcare services market.
First Mover in a Massive Market
With a focus on outpatient clinics initially, MedBright AI aims to secure $100M-$150M in clinic revenue in the coming months, foreseeing a 10% increase in revenues at no additional cost to the providers. This success will pave the way for expansion into hospitals and inpatient services, broadening the addressable market from $660 billion to $2.2 trillion in the US alone.
The Road Ahead: A Transformative Vision
MedBright AI's MedMatrix is not just a solution to the waiting room problem; it represents a transformative vision for the future of healthcare. By seamlessly integrating AI technology into the operational fabric of clinics, MedMatrix has the potential to significantly improve patient outcomes, streamline workflows, and boost the financial health of healthcare providers. As the industry witnesses major players making strategic moves, MedBright AI positions itself as a pioneer in reshaping the patient-facing facilities landscape.
More here: https://assets-global.website-files.com/654400b037e09f716a28c32b/657cd6b74468827ba9ac0fb0_Medbright%20Q4%202023%20Presentation.pdf
Posted on behalf of MedBright AI Investments Inc.