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1 Price Transparency at the time of decision In-office app for MDs, Nurses, etc Shows options and out-of- pocket costs Makes cost effective decisions easy.

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Presentation on theme: "1 Price Transparency at the time of decision In-office app for MDs, Nurses, etc Shows options and out-of- pocket costs Makes cost effective decisions easy."— Presentation transcript:

1 1 Price Transparency at the time of decision In-office app for MDs, Nurses, etc Shows options and out-of- pocket costs Makes cost effective decisions easy

2 2 Problem: Without price transparency, patients drastically overspend $4500 $550 $0 $2500 $5000 In-network colonoscopy Low cost provider High cost provider http://www.benefitsbabble.com/discounts-medical-bills/ http://resources.iom.edu/widgets/vsrt/healthcare-waste.html Problem / Solution / Market / Execution

3 3 2004 2008 2012 2018 In 2013, patients paid a quarter of all medical expenses Patients Finally Have Skin in the Game Patients w/ High-Deductible Health Plans http://www.allenlawrence.com/insuranceNews/GroupBenefitsNewsletter/GroupBenefitsNewsletter_Vol54No7.html http://www.ama-assn.org/ama/pub/news/news/2013/2013- 06-17-national-health-insurer-report-card.page Problem / Solution / Market / Execution

4 4 Self-service patient tools fail to engage 98% Payers Have a Cost Calculator Tool 2% Patients Actually Use Them http://www.finance.senate.gov/imo/media/doc/S%2 0Delbanco%20Testimony%20and%20Appendix.pdf Problem / Solution / Market / Execution

5 5 95% of physicians believe they have responsibility for reducing cost of care Lower Cost Options Exist: Transparency & Shared Decision Making Are Key To Helping Patients Access Them Today: 80% of patients want more involvement in their care decisions No tool currently available to surface this information and facilitate these conversations Problem / Solution / Market / Execution http://www.pifonline.org.uk/patients-want-more- engagement-and-involvement-on-care-decisions/ http://www.ncbi.nlm.nih.gov/pubmed/23917288

6 6 HIPAA-secure, scalable cloud architecture Solution: Transparency at the time of decision In-office app for MDs, Nurses, etc Shows options and out-of- pocket costs Makes cost effective decisions easy Supports multiple devices Problem / Solution / Market / Execution

7 7 $600 Potential Savings $400 Potential Savings Out-of-Network MRI (avg. cost) In-Network MRI (avg. cost) 1 st Quartile In-Network MRI $1200 $600 $200 $0 $600 $1500 MRI Example: $1000 can easily be saved every time a patient makes a better radiology choice Savings Breakdown $250 = patient $750 = payer $1000 = total Stroll Health propietary data Problem / Solution / Market / Execution

8 8 Annual potential cost savings 2 million member plan Stroll Health proprietary data Problem / Solution / Market / Execution

9 9 Cash and Neg. Prices by Provider Procedure Prices Provider and Procedure Map Patient’s Current Benefits Patient’s Current Benefits Selected Procedure for Patient Synthesized by Stroll Procedure Input by Staff per Diagnosis Patient’s Exact Out-of-Pocket Cost We bring provider-payer claims processing technology to a doctor’s fingertips NPI registry (NPPES) Neg. Rate Data Feeds Real-time Electronic Insurance Eligibility Payer Directories CMS Datasets Member # Entered by Staff Gathered Manually by Stroll Direct from Payers and Systems Problem / Solution / Market / Execution ANSI X12- 271 Feed from health data Clearinghouses

10 10 Competitors exist, but only offer self-service transparency tools to patient or transaction processing to MDs Problem / Solution / Market / Execution 5. Back office tools: Revenue Cycle Management 4. Front desk office tools (real-time eligibility check) 2. Consumer tools: Direct-to-consumer 3. Consumer tools: Insurance Portals 1. Consumer tools: Employer Portals

11 11 A unique combination of health IT & software, clinical expertise, and user experience design Jordan Epstein Chief Executive Officer Clients: Kaiser, United Healthcare Robert Guo Engineering Facebook Expedia Matt Maurer Chief Operating Officer Nathan Handley, MD Medical Advisor Internal Medicine Physician, UCSF Drew Moxon Design, Product Microsoft Riot Games Alex Iancalescu, MD, PhD Medical Advisor Google X Medical Research, UCSF Wellmark Problem / Solution / Market / Execution

12 12 5 Year Annual Revenue Projections $130 Million$36.4 million$6.7 million$900,000$90,000 25 Deals 10 Deals 3 Deals 5 Deals 6 Deals Problem / Solution / Market / Execution

13 13 Year 5 Breakdown by Procedure Problem / Solution / Market / Execution

14 14 Regional Expansion Key Year 1 & 2Year 3 Year 4 Year 5 Why these States? Many have a single payer that controls a majority of the state’s patients Most also have larger populations, allowing Stroll to reach out to more people. CA AL CA AL IA MI ND CAMI ALMS IAMD MILA NDIL Problem / Solution / Market / Execution

15 15 Customer discovery, product iteration, build data relationships, integrate 20 PCP office test, measure cost savings, referral patterns Expand footprint, leverage results to work with payers, other points of primary care Be the backend technology solution for call centers, providers, and apps that recommend care Development & Data Acquisition Implementation & Pilot Scale & Payer Revenue 1 2 34 Long term: Exit Rollout Plan data partnerships, infrastructure, users current focus Problem / Solution / Market / Execution

16 16 San Francisco, CA 650-380-8449 facebook.com/ strollhealth @strollhealth Contact Questions? www.strollhealth.com jordan@strollhealth.com


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