CheckMed
Pitch Deck
Your One Stop Medical Advisory Platform
Executive Summary
2
Background
Problem Statement
Key Issues
Recommendations
There is generally low uptake of medical screening tests in Singapore, which could lead to late detection of diseases.
How can we empower people to take their medical screening tests on time and enable them to detect any diseases in a timely fashion?
Lack of Actionable Steps
Manage the end-to-end process of medical screenings to alleviate the barrier to entry
Information Overload
Negative Sentiment
Consolidate and recommend best services based on availability and price
Analyse test results and suggest actionable next-steps based on the results
Our company
CheckMed is a MedTech Startup which uses Artificial Intelligence to provide personalized guidance and ongoing support to better plan and manage Medical Screenings.
Navigating HealthCare System Together
3
Problem
Table of contents
01
Product overview
02
Market & competition
03
Business model
04
05
4
Feasibility Analysis
Overview
Early detection, followed by treatment and good control of the condition can result in better outcomes, and lowers the risk of serious complications.
Health Screening Saves Lives
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Problem
01
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Problems
Prevents Early Detection and Creates Prolonging Health Issues
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Lack of Actionable Steps
Negative Sentiment
People do not feel the need to go for regular check-ups mainly due to complacency and lack of time
Information Overload
People do not know the components and corresponding importance of the tests, and feel overwhelmed by the information
People do not know what to do after getting their test results, or may feel overwhelmed by the amount of work that needs to be done
50.4%
Proportion of people in Singapore with undiagnosed diabetes*
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*Figures from International Diabetes Federation
Backed by Research
Based on Research Papers produced by National Library of Medicine, there is adequate evidence to believe Singaporeans are not well aware about Medical Screening and the different ways to manage them
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Customer Discovery
Young Adult, with little to mediocre knowledge about Health Screening and the processes to go about it.
Usually quite busy to research about different platforms through which appointments can be booked
Negative Sentiment about the screening process and the need to have a routine in doing so
Wants a Centralized Platform to manage, track and guide through the medical screening process in an efficient and personalized manner
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Hypotheses to Test
As a Diabetic patient, I would want to book and manage appropriate medical screening tests
It is difficult to manage present and future medical screening appointments with fragmented information on the internet
It acts as a one stop platform for tracking, managing and recommending medical screening appointments using Artificial Intelligence
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Persona Hypothesis
Problem Hypothesis
Value Hypothesis
Market Validation
55 Interviews Conducted
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60 / 100
Mean User Hypothesis Score
72 / 100
Mean Problem Hypothesis Score
User
Problem
Value
College
Offices
Food Courts
80 / 100
Mean Value Hypothesis Score
Validation Process
Stage 1
Stage 2
Stage 3
Stage 4
After Every Stage: Output a score out of 100 to gauge how likely has the hypothesis been validated
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Test User Hypothesis
Test Value Hypothesis
Test Problem Hypothesis
Overall Sentiment
Interview Format
Each Interview was held In - Person, lasting for about 15 Minutes
5 Questions were prepared to test each Hypothesis
To Prevent Bias we decided to visit 3 types of Locations: Colleges, Office Hubs and Food Courts.
Equal Ratio of Male : Female with a handful of foreigners as Interviewees.
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Product overview
02
What Makes our Product Special
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Product overview
Manage your Appointments
With the support of an AI Bot
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Product overview
Keep track of your health
Stores all your medical reports
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Product overview
Receive Suggestions
Recommends what steps to take next
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Solution
An End to End One Stop Solution to Managing Medical Screenings for all Age Groups
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Manage |
Manage all Medical Screening Appointments through an Artificially Intelligent Bot |
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Analyze |
Aggregate, Analyze and compare results to previous medical reports |
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Follow Up |
Streamline the follow up routine by suggesting the next steps to do |
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Value Proposition Canvas
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John James
Reviews
Lisa Patterson
“CheckMed has been really useful in helping me keep track of my appointments!”
“I find CheckMed really intuitive to use and convenient to monitor my health”
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Market & Competition
03
What are we looking at?
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25,657,000
Total Addressable Market
Population Size of Singapore, Age Group 20-64*
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*Figures based on Department of Statistics Singapore
25,657,000 * 60%
=
15,394,200
Market Size (Singapore)
Target Market * Penetration Rate
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U$211,225.2 mil
Market size (Present)
Global Health Screening Market Size*
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*Figures based on Data Bridge Market Research
Predicted growth
12.4% Annual Growth
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*Chart adapted from Data Bridge Market Research
U$609,134 mil
Market size (2029)
Global Health Screening Market Size*
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*Figures based on Data Bridge Market Research
Competitor Analysis
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Feature | CheckMed | Better Health Advisors | AceMed | MinMed |
User Profile | ✓ | | | ✓ |
Manages Bookings | ✓ | ✓ | ✓ | ✓ |
Suggests Follow Up | ✓ | ✓ | ✓ | ✓ |
Compares Past Reports | ✓ | | ✓ | ✓ |
Visualization Dashboards | ✓ | | | |
Business Model
04
What fundamentals are we built on
29
Business model
30
Subscription | Partnership | Data |
S$1 per month | Partner with companies to feature their services in our recommendations
| Health data collected can be used anonymously for income |
Projected Timeline
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Phase 1
Phase 3
Phase 2
Phase 4
Feasibility Analysis
05
How feasible is our solution
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Feasibility Analysis
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Technical
Mobile application
AI Chat Bot
Machine Learning
Economic
Main costs are in talent acquisition
Mobile application itself has relatively low costs
Operational
Can be easily deployed in Singapore market
May face problems in getting permissions from medical organisations
Time
AI models take time to build but are continually learning, hence it is feasible
Acknowledgements
Thanks to our Mentor for guiding and supporting us throughout the competition!
ViSenze
CTO & CO-Founder
34
GuangDa Li