Experience

Overview:

We are helping healthcare facilities save money on equipment management, while staying regulatory compliant. We have created the Angelist of healthcare.

Company description:

Health Care Innovation & Investments Track World Health Care Congress 2018, Washington DC A proper medical device management plans often goes overlooked by many small clinics/mid-sized hospitals because of vast amount of time and expertise it requires. Typically smaller facilities rely on the following methods to manage medical assets: utilize equipment manufacturers’ expensive service contracts to maintain their devices not conform with regulatory standards and only maintain equipment on an as needed basis; and utilize local, independent service providers only when suggested to them by a trusted colleague.

After a thorough evaluation of the industry, UptimeHealth determined that healthcare facilities are missing out on cost savings by not effective using asset management tools and appropriately sourcing independent equipment service providers. Moreover, the lack of proactive measures has increased equipment downtime resulting in less revenue for the hospital.

To solve this issue, UptimeHealth has developed a free software suite for these smaller facilities to streamline the processes involved in medical equipment management while keeping them compliant to regulatory standards. The software will also provide facilities with the analytical to develop cost saving strategies regarding repair and maintenance. The platform integrates the equipment information provided into a marketplace to allow them effectively source local, certified and vetted service providers specific to their needs. The providers are able to complete the equipment repairs or maintenance for 20% cheaper than current methods. Furthermore, the use of local providers will increase response time, improve equipment uptime, and positively impact the revenue potential for the facility.

UptimeHealth’s software is free for hospitals and clinics to onboard and register with the platform. It provides service providers with the capability to list their service offerings and complete transactions with hospitals online. The platform will charge a 15% fee to all completed transaction for the services provided.

Jinesh Patel,

Founder

Call 617.863.0108 to inquire

Seeking:

Healthcare investors, owners of small hospitals/private practices, physicians, healthcare executives, and hospital administrators.

Funding to date: $35 thousand

Financing sought: $175 thousand

Current investors: N/A

Website URL: www.uptimehealth.com

Facebook: UptimeHealth

Twitter: @UptimeHealth

LinkedIn: company/27191976/

Pitch URL: https://bit.ly/2Hiy5Jl