PowerPoint Presentation

[Audio] Goldman Sachs has stated that Generative AI has the potential to increase the global GDP by 7%. According to reports from Moneycontrol, The Economic Times, and The Hindu Businessline, E&Y has projected that Generative AI could contribute an estimated $1.2 to 1.5 trillion to India's GDP by the financial year 2030..

[Audio] To embark on our journey into Generative AI, we aimed to focus on a domain that has a global impact on every individual. After thorough research, we identified the vast landscape of Healthcare Data Explosion. Quantifying the scale of data in healthcare poses a significant challenge, and it is challenging to conceptualize its enormity. On average, hospitals generate around 50 petabytes of data annually, with up to 97% of this data remaining untapped. Currently, the healthcare industry contributes to approximately 30% of the world's data volume. Looking ahead, by 2025, the compound annual growth rate of data in healthcare is projected to reach 36%. This growth rate surpasses that of manufacturing by 6%, financial services by 10%, and media & entertainment by 11%..

[Audio] We engaged in conversations with over 200 doctors to comprehend their challenges. The identified issues fall within the following scope: 1. Limited Access: Healthcare stakeholders face a lack of timely access to current medical knowledge, obstructing well-informed decision-making. 2. Data Overload: The abundance of medical data results in information overload, making it difficult to identify critical information. 3. Collaboration Barriers: Inefficient collaboration mechanisms create obstacles for effective teamwork in patient care and research. 4. Digital Integration Complexity: The incorporation of AI into the digital healthcare landscape presents substantial challenges, impeding the realization of AI's full potential. 5. Privacy and Security Concerns: The integration of AI in healthcare gives rise to worries regarding privacy and security, necessitating robust solutions for data protection..

[Audio] Extensive research efforts culminated in the creation of our generative AI engine, aptly named MEDKOSH. The term "MED" signifies Medical, while "KOSH" conveys the notion of treasure. Our tagline, "Empowering Excellence in Healthcare Through Knowledge and Innovation," distinctly reflects the essence of our business..

[Audio] The vision of MEDKOSH is to democratize healthcare knowledge using AI technology, establishing a dynamic online platform for effortless access to advanced medical information, thus empowering millions. Our objectives include: 1. Keeping healthcare professionals abreast of the latest research. 2. Supporting medical students in their learning and research endeavours. 3. Empowering pharmaceutical companies to make well-informed decisions. 4. Facilitating government agencies in health policy formulation and decision-making..

[Audio] In the present scenario, the medical and pharmaceutical community typically gathers data from diverse sources, analyses it, and interprets the results to draw conclusions. In contrast, MEDKOSH provides real-time reports accompanied by the power of reasoning and relevant references. Information is gathered from global medical resources, and the MEDKOSH engine learns from this data. When a user presents a query, it is translated into information complete with reasoning and references, ensuring accurate results. This streamlined process saves significant time and effort in research, allowing for more focus on resolutions rather than prolonged problem-solving..

[Audio] The MEDKOSH platform utilizes data from diverse sources, feeding it into our LLM models. The Query Intelligence engine discerns the user's query prompt and furnishes the output along with reasons and references..

[Audio] Key Features of MEDKOSH include: 1. AI-Powered Search: Utilizing advanced search capabilities for medical literature. 2. Inference Summaries: Generating concise summaries of research documents through AI. 3. Collaboration Tools: Providing tools for teams to collaborate effectively on research projects. 4. Personalized Content: Offering tailored recommendations based on user preferences..

[Audio] The target users of MEDKOSH include: 1. Doctors and healthcare professionals 2. Medical students and educators 3. Research institutions and scientists 4. Pharmaceutical companies 5. Government health departments.

[Audio] MEDKOSH's revenue model encompasses: 1. Subscription-based Model: Offering monthly or annual subscriptions tailored to various user categories. 2. Enterprise Plans: Providing customized plans for pharmaceutical companies, research institutions, and government entities. 3. Pay-per-Use: Charging for services such as learning certification and job listings based on usage. 4. Licensing: Establishing partnerships with universities and libraries for broader access..

[Audio] The operational plan for MEDKOSH will encompass, but is not limited to: 1. Data Acquisition and Licensing - Collaborating with publishers, universities, and research institutions for data acquisition. - Ensuring compliance with copyright and licensing agreements. 2. Data Security - Implementing robust data encryption and access controls to safeguard user data. - Conducting regular security audits and updates to ensure the protection of user information. 3. Customer Support - Offering 24/7 customer support to address user queries and issues. - Developing comprehensive user guides and tutorials for user assistance..

[Audio] The business strategy for MEDKOSH includes: Marketing and Sales - Utilizing content marketing strategies to attract subscribers. - Engaging in direct sales targeting pharmaceutical companies and government agencies. - Establishing partnerships with medical schools and research institutions. Pricing Pricing will be structured based on the type of user and subscription plan. Examples include: - Basic Individual Plan: $9.99/month - Professional Plan: $19.99/month - Enterprise Plan: Customized pricing - Pay-per-use: Charging for job and course listings..

[Audio] MEDKOSH's business objectives include accomplishing Generative AI for healthcare by 2024, which will be an ongoing process. The plan involves establishing a healthcare knowledge collaboration platform in 2024, supplementing healthcare jobs and learning in 2025, and creating a comprehensive healthcare research platform by 2026. The ultimate goal is to transition towards adaptive healthcare thereafter..

[Audio] As evident, MEDKOSH will evolve into a Predictive, Personalized, and Participatory platform encompassing all healthcare data acquisition devices or resources, healthcare providers such as hospitals, agencies, clinics, research institutions, government entities, and more. It aims to become the go-to platform for the medical and wellness fraternity..

[Audio] Within the MEDKOSH professional ecosystem, users will benefit from professional networking, knowledge sharing, continuous medical education, access to healthcare events and conferences, endorsements for professional profiles, job opportunities, participation in collaborative research, and access to mentorship. The ecosystem is designed to support patient advocacy and seamlessly integrate with the healthcare startup ecosystem..

[Audio] While several companies are employing generative AI for various aspects such as patient engagement, documentation, care decision-making, patient authorization, medical coding, revenue cycle management, none of them are establishing an ecosystem to democratize healthcare knowledge and harness its advantages, envisioned by MEDKOSH..

[Audio] The MEDKOSH team is the brainchild of three industry veterans. Jaswir brings over three decades of experience in Information Technology, Srikanth boasts more than a decade in the IT industry, and Umesh is a seasoned player with approximately two decades of experience in IT. Together, they form a winning team, each assuming defined roles within MEDKOSH as CEO, CTO, and CMO, respectively..

[Audio] "Our mission is encapsulated in 'Empowering Excellence in Healthcare Through Knowledge and Innovation,' reflecting our commitment to elevate the healthcare industry through advanced medical knowledge and innovative solutions for enhanced patient care and medical research. MEDKOSH invites you to join the medical revolution, and we appreciate your time in reviewing the contents of this presentation.".