K-Care Application Cycle
K-Care’s market assumptions have been validated through research and work in conjunction with the Federal Government’s Blue Button 2.0 project headed up by the ONC, HHS Medicare/Medicaid and the White House Office of American Innovation. K-Care’s technical roadmap with complete technical Architecture is complete with patented capabilities provided by Omniquity. Our push-able K-Care prototype has been reviewed with select patients with life-threatening, complex/high-risk medical conditions as well as medical practitioners. The HIPAA compliant, cloud-based information/communication platform is expected to utilize blockchain, AI, and big DATA technology.
By end 2018, with support of key donors, we will begin our pilot phase of K-Care with help from Dignity Health’s Norton Thoracic Institute and Barrow Neurological Institute. ASU’s College of Health Science has been enlisted to develop an evaluation plan and monitor the Pilot Program, Minimally Viable Product Release, and Full Product Release. Armed with results from the pilot, we expect to incorporate additional features and modifications from the pilot results into a fully functional release ready for general availability by the third quarter of 2019. We will focus on grant acquisition, funding development, operational stability, and development of next generation releases in 2020, with the goal of achieving operational cash flow by the end of 2020.
Building Organizational Structure
As we progress through the application development cycles, additional staffing will be needed to support the success of each product release. This structure is subject to change.
With 2017 behind us, our mission, nonprofit corporation status, and the Board of Directors have been established. In the first part of 2018, we developed a push-able K-Care prototype that has been reviewed with select patients with life-threatening, complex/high-risk medical conditions as well as medical practitioners. The architecture and technical road map have been established. The HIPAA compliant, cloud-based information/communication platform is expected to utilize blockchain, AI, and big DATA technology. By end 2018, with support of key donors, we will begin our pilot phase of K-Care with help from Dignity Health’s Norton Thoracic Institute and Barrow Neurological Institute. ASU’s College of Health Science has been enlisted to develop an evaluation plan and monitor the Pilot Program, Minimally Viable Product Release, and Full Product Release. Armed with results from the pilot, we expect to incorporate additional features and modifications into a fully functional release ready for general availability by the third quarter of 2019.
2018 is designated as a formational year, with the focus on developing and aligning a team of executive advisors committed to the long-term success of K-Care. In 2018, plans to complete the executive leadership team as well as leaders in legal, technical development, finance, grants, and sales & marketing will provide a foundation for the first release of K-Care. As the market develops and full featured releases are ready, additional staffing will be added in 2019 for the support of users.
Pricing Structure
With three segments of users, the pricing will be variable among the three major groups. Insurance companies represent our target sales. Until further market validation is available, we are estimating $400-$600 per user license with a conservative estimate of 10,000 licenses sold in our third year of operation, 2020. Sales to insurers will be a revenue producer that subsidizes the free service to individuals and may also subsidize, in a lesser way, sales to providers. The base annual cost to provide the K-Care platform to the average cancer patient is $400, with $600 cost to insurance companies to help subsidize individual patients.
Individual Users: Initial focus is on patients with complex, life-threatening, and/or high-risk medical conditions. The K-Care cloud-based platform will be free to patients, ensuring the patient and family are well informed of all medical issues regarding their care and treatment. Further, it will give the patient the ability to share their unique medical information in real time with any medical provider regardless of network or affiliation. Future releases will ultimately be centered on every person with a medical history that chooses to participate.
Medical Groups and Providers: With a common K-Care cloud-based, HIPAA compliant platform for all medical records and imaging, medical groups will have instant access to needed medical records at the time they are needed. The K-Care cloud-based, HIPAA compliant platform will provide an instant communication tool for health care providers on the patient’s team regardless of geographic location or network affiliation. This ability will help to solve some of the difficult interoperability problems existing in the medical industry. The fees for this service to the provider will be at or below costs. Provider groups will have access to all of a patient’s records in a seamless, real-time manner. A better-informed patient is a better patient – having this information accessible on the K-Care platform improves medical care. (Our nonprofit partners are putting money into this as donations, they are not getting any ownership or royalties from the investment; instead, they see this technology as a way to improve the healthcare they provide.) The patient will be in an empowered, better-informed position to share needed records instantly, improving their healthcare and wellbeing, feeling better about the service provided.
Insurance Companies: To manage healthcare costs and reduce redundant office visits, imaging, prescriptions and unnecessary lab tests, insurance companies will be the primary paying customer to K-Care. Our vision is that medical groups & providers will be required by insurance providers to subscribe to this application. Redundant office visits, prescriptions and unnecessary imaging, lab tests due to record transfer protocols result in costs that insurance companies will be able to reduce and eliminate by record sharing across an individual user’s medical team.
Product/Service Life Cycle
K-Care is intended to be a life-long tool that will remain with an individual (patient). The tool and the underlying platform will need to be updated as technology changes over time. Future releases will include graphical trending of routine health metrics for individuals and patient management of their health and fitness.
Intellectual Property Rights
K-Care has entered into agreements with Omniquity who will develop K-Care’s secure cloud-based system to allow patients to access healthcare information from all providers instantly allowing all of a patient’s health care providers to share and access data, regardless of the origin of the data, in real time (the “K-Care Platform”). K-Care owns the enhancements developed to create the K-Care Platform, and K-Care may license the entire K-Care Platform, including Omniquity’s technology, as a package to third parties. Omniquity will use its existing patented and copyrighted intellectual property, called Instant Technology, to develop the K-Care Platform. Omniquity’s existing product allows health care providers to access information while new data uploads in the background, allowing editing and use of the data without waiting for new data uploads to finish. This technology has proven useful in sharing multiple large, diverse medical imaging files in the dental industry across diverse platforms and record types. The enhancements for the K-Care Platform will allow individuals as well as providers to access their individual health records and make them available to other providers and caregivers. Omniquity has agreed to produce the software need to create the K-Care Platform and license the technology as described, below fair market value for the work and license.
Research & Development
K-Care is collaborating with Omniquity and ASU’s College of Health Science in research and development initially to develop an evaluation plan and monitor the Pilot Program, Minimally Viable Product Release, and Full Product Release. Armed with results from the pilot, we expect to incorporate additional features and modifications into a fully functional release.
K-Care will also work on research in conjunction with the Federal Government’s Blue Button 2.0 project headed up by the ONC, HHS Medicare/Medicaid and the White House Office of American Innovation. The HIPAA compliant, cloud-based information/communication platform will utilize blockchain, AI, big DATA technology and will be continually monitored for upgrades as technology improves.
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