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    Date submitted
  • 08-Feb-2016

MEDTRAQ

Abstract

Hospital Acquired Infections represent $9.8 billion dollars in preventable healthcare costs annually in the US. The primary vector for these costs are hospital staff members not washing their hands.

For hospital administrations that aim to reduce hospital re-admissions and the rising costs of healthcare, the MEDTRAQ handwashing compliance system provides a light weight solution to capturing event data within a hospital allowing administration to build a pattern of hand washing compliance and accountability.

Unlike the few competitors who are installing large and clunky detection hardware in hospital rooms, MEDTRAQ uses small low energy beacons that interact with smart devices that a staff member already carries.

Leveraging the internet of things, Bluetooth Low Energy, and cloud computing technologies we can seamlessly deliver all hospital event data to our clients and the change the way we approach the problem of rising healthcare costs in the US.

Video

Original YouTube URL: Open

Introduction Video

Additional Questions

Who is your customer?

Mainly hospitals and hospital administrators seeking to reduce expenses, re-admissions, and hospital acquired infections. Potential future markets include health care facilities such as urgent care, primary care, and private practice medical offices whose markets are fragmented despite a combined revenue exceeding $100 billion.

What problem does this idea/product solve or what market need does it serve?

HAIs (Healthcare Associated Infections) incur $9.8 billion dollars per year in costs for the healthcare industry. These are preventable costs that can be reduced by ensuring better hand washing compliance of staff in hospitals. The World Health Organization reports that hospitals can save on average $40,000 annually for every 1% increase in facility-wide hand washing compliance.

What attributes will make this idea/product successful? Why do you believe that those features will create success?

Healthcare is an industry where costs and Federal spending are rising significantly. Opportunities to reduce Hospital Acquired Infections will significantly reduce healthcare costs and tax dollars spent. Bluetooth Low Energy beacons are cheap and lightweight, allowing easy installation and configuration within a hospital. These beacons interact with smart devices that hospital staff already carry with them everyday. Once installed, a hospital's beacon network can create a type of indoor GPS that can aggregate data on hospital staff members' location and movement within the hospital. This data provides metrics for hand washing compliance by logging all successful and unsuccessful hand washing events. Furthermore, the same data can be provided to staff in real time help hospital staff locate one another. Placing beacons on hospital equipment can also assist staff and administration in asset tracking.

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

We're going to leverage our industry connections, engineering background, and agility as young student entrepreneurs to bring this idea to success. We plan to work with local healthcare facilities to test-drive our product as well as gain insight into how it might be improved. No one in this industry is using Bluetooth Low Energy beacon technology, but rather, competitors are using very inflexible, expensive, and clunky hardware to achieve a similar goal. Even though we are beginning by addressing the issue of hospital acquired infections, beacons are flexible and versatile enough that they can offer much more than improving hand washing compliance.