Our initial focus is centered on the American psychiatric crisis where an average of six million patients seek psychiatric care in the ER each year, with 1.5 million of those people, being admitted for in-patient services. Of those, 1.5 million people, 860,000 people are transferred to a remote in-patient facility. Today patients wait on average18 hours to find a bed, with many patients waiting as much as days or weeks to locate a suitable in-patient facility with suitable space.Â Bed.Link is designed to cut this wait time by at least two-thirds, utilizing live connections to different inpatient facilitiesâ Electronic Healthcare Record (EHR), providing tools for inpatient clinic staff to manually update bed inventory, and utilizing our own data about bed placement combined with automating the communication between ER physicians and the receiving hospitalâs physicians that are critical to successfully securing a clinically appropriate inpatient bed.
The current practice of locating open in-patient beds in remotefacilities is almost entirely manual, requiring ER staff to contact other hospitals sequentially via telephone, fax, or email until an available and suitable bed is located. Even in the case of psychiatry, where many state governments have attempted to create online bed registries, the process is still essentially manual as bed information is often out-of-date or not properly recorded. Each hour waiting in the emergency room for a psychiatric bed costs payers a minimum of $130 an hour, and requires the ER to delay or defer other acute-care patients from receiving care. The situation is so dire that major medical centers have had to turn away acute trauma patients due to being overwhelmed by psychiatric patients waiting for inpatient beds.
Bed.Linkâs approach to this problem is unique. We utilize genetic algorithms to place the patient population in the most optimal beds possible for the patient, the insurance company, and the hospital. We provide mobile and tablet applications to facilitate to allow easy access and input of patient information from our encrypted database. Our system is cloud based to ensure uptime and is written and designed with HIPAA compliance in mind. Additionally, we will be using a semi-private, vetted blockchain as our System-of-Record to ensure an immutable, publically auditable, record of patient placement requests, when a patient is denied a bed, and when beds are filled.
Our key KPIs are: the number of patients utilizing the Bed.Link system, the number of patients we place per month, and a calculation of how much quicker our system places patients as opposed to the manual process. Each of these factors impact our financial performance and the amount of savings we provide insurance firms, hospitals, and individual payers.
More about Bedlink
Our initial customer focus will be on the Commonwealth of Massachusetts and the State of Washington. Both of these states have a compelling mandate to solve the psychiatric bed placement crisis. Massachusetts, with universal healthcare provides almost every citizen coverage by an insurance product which pays for inpatient care, mitigating the need for Bed.Link to tackle the problem of uninsured patients. In Washington, the Courts have mandated that the state solve this very problem or face large fines. Insurance firms and/or State and Federal Health Authorities can provide the leverage and contacts necessary for us to work with individual medical centers.
By example, Massachusetts has formally promulgated requirements that âA Division of Insurance Bulletin, issued jointly by DOI, DMH and DPH, establishing the expectation that insurance carriers subject to DOI regulations will have adequate networks of inpatient psychiatric facilities, and will have the capacity to help facilitate admission of difficult-to-place patients seven days a week.â Our system can readily adapt to these new rules, and any further rules made by the different states.
Bed.Linkâs system is architected to allow the transfer of patients suffering any condition â not just psychiatric transfers â from one medical facility to another faster, cheaper, and adhering to differing states laws and regulations. Future application our system will include cardiac referrals, oncology referrals, and perhaps, most critically, pediatric referrals. Additionally, Bed.Linkâs technology can comprise part of a larger system to help manage mobile emergency triage in the event of terrorist attack or natural disaster.
Bed.Linkâs origin stems from personal experience in the ER and caring for friends and family who have suffered days or weeks while waiting for a psychiatric inpatient bed. While defining a marketplace, and ensuring costs savings for all involved is paramount to our mission, we also seek to improve the quality of care for the people caught up in the American Mental Healthcare System.
In the future, the Company will assist emergency rooms across the United States with the transfer of all categories of acute care patients.Â Â We have architected our application to be secure, efficient, and highly flexible. Our technologies and business process orchestration will help ERs operate in the most humane and cost-efficient way possible, changing the entire emergency room experience for innumerable patients and saving insurance payers substantial sums of money. In the future, we plan for our firm working not only with medical staff, but also with patients, letting them have a view into the entire ER experience, giving them peace of mind and a feeling that they have a degree of control over an already tense situation.
Mr. Adam Starrfield, Our CTO and Founder, is fully committed to this project and can participate program.
Mr. Matthew Krawitz, Our CEO is fully committed to this project and can participate in the program.
Mr. Jeffrey Starrfield, our CMHO, lives in Netanya, Israel and can participate in the program part-time and remotely.
Mr. Nikita Maximov, our Research Director, lives in Netanya, Israel and can participate in the program.
Mr. Scott Macdonald, our CIO, lives in Boston, MA and can participate in the program part-time, and remotely.