UrgentWay Walk-In Medical Center
Presented by: Ali Hashmat
Table of Contents 1. Introduction 2. Patient Pain Points 3. Problems Expected to Grow 4. Urgent Care 5. UrgentWay 6. What Makes UrgentWay Different 7. Unique Business Model 8. UrgentWay Services 9. Locations 10.Organizational Structure 11.Management Team 12.Advisory Board 13.Centralized Administration 14.The Future
Patient Pain Points: Cost and Time • The average appointment wait time for primary care physicians is 19.5 days across US metropolitan areas (Merritt Hawkins’ 2014 survey) • Emergency Rooms on average take 60 minutes to see patients (CDC Data http://www.cdc.gov/nchs/data/databriefs/db102.htm)
• Average cost of a visit to a primary care physician is $130 • Average visit to a hospital emergency room is $650 (American Institute of Certified Public Accountants, VMG Health Survey)
Problems Expected to Grow • Only 320,000 Primary Care Physicians in US because more medical students prefer lucrative specializations over primary care • Growing demand for primary care with introduction of Obamacare is causing patients to line-up for providers • All this adds up to longer wait times and higher costs for visits to primary care physicians
Urgent Care Urgent Care services are a valid bridge between ER and Primary Care • Lower costs • Significantly shorter wait times • Walk-In accepted. No appointment needed • Accept both Insurance and self-pay • Board-Certified Physicians & extended business timings including after-hours and weekends Projections show urgent care segment will grow by almost 40%, to $18 billion, by 2017
UrgentWay Aim To provide easy access to healthcare to anyone in need regardless of insurance coverage, in a convenient, affordable and effective way. Goal To offer an alternative to Emergency Rooms and Primary Care Centers, providing appointments on a walk-in basis and offering a wide range of medical services with minimal wait times.
What makes UrgentWay different? Patients are at the center of our model. We will connect with our patients via the latest cloudbased technologies • Appointment booking • Online patient files • Connect with providers via teleconference • Accessibility to services via mobile devices
Unique Business Model We help distressed medical practices • Existing, fully-equipped medical practices are acquired and rebranded as UrgentWay Walk-In Medical Centers • Staffed with young doctors • State of the art technologies provided to manage practices • Save costs as there is no additional construction and equipment investment required
UrgentWay Services Services for people who have conditions that require immediate medical attention but are not life threatening. • Urgent Care • Digital X-ray Services • Lab Work • Occupational Health and Workers’ Comp Services • Physicians on Site Everyday
6 Convenient Locations Locations are at least 2,000-4,000 square feet, with a minimum of 5 examination rooms.
Organization Structure
Management Team Dr. Faika Khan President (Diplomat American Board of Family Medicine and OMT)
Dr. Herman Chiu Chief Medical Officer (Diplomat American Board of Family Medicine and OMT)
Dr. Theophilus Okeke Chairman of Advisory Board (Diplomat American Board of Emergency Medicine)
Advisory Board Ali Hashmat Founder, CEO, Board of Directors
Bilal Hashmat CureMD Co-Founder & CEO, Board of Directors