Photo - Synclo
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Synclo

HealthTech-B2B

India, Telangana
Market: Internet and IT, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 25.05.2024
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Idea

Synclo transforms healthcare with AI-driven patient management and clinical decision support. Synclo streamlines patient flow, optimizes triage, and personalizes care plans.

Current Status

Pre-revenue with working product and custom built algorithms.
We are preparing to begin pilot testing shortly. We have received strong interest from several hospitals eager to participate in our pilot program.

Market

Primary Customers:

1.Hospitals and Clinics: Our main customers are healthcare facilities of varying sizes, from small clinics to large hospitals.
2.Healthcare Networks: Integrated healthcare networks managing multiple facilities.

Market Size and Dynamics

India: Approximately 70,000 hospitals and 1.2 million clinics.
Global Market: Over 400,000 hospitals and millions of clinics worldwide.
Market Value and Quantity:

-Global HealthTech Market: Valued at approximately $200 billion in 2021, projected to grow at a CAGR of 16% to reach $600 billion by 2030.

-Indian Market: The healthcare IT market in India was valued at around $1.5 billion in 2020, with significant growth expected due to increased digital adoption and government initiatives.

Problem or Opportunity

SYNCLØ addresses significant inefficiencies in healthcare operations. Hospitals and clinics often struggle with overcrowded waiting rooms, long patient wait times, and suboptimal triage processes, leading to delays in care and patient dissatisfaction.

Additionally, healthcare providers face challenges in making timely and accurate clinical decisions due to a lack of integrated, data-driven tools. These issues result in operational bottlenecks and reduced quality of care. SYNCLØ’s solutions streamline patient flow, optimize triage, and enhance clinical decision-making.

Solution (product or service)

Four key features.

-Our Patient Check-In System streamlines the check-in process, reducing wait times and enhancing patient experience.

-The Dynamic Queue Management System uses advanced algorithms to optimize patient triage and flow, ensuring timely care.

-Our Recommendation Engine provides personalized care plans and supports clinical decision-making with data-driven insights.

-Lastly, Connect+ engages patients via WhatsApp for medication reminders, follow-ups, and lab bookings, improving adherence and communication.

Competitors

1. Infermedica. https://infermedica.com/
2. Xund.ai. https://xund.ai/
3. Glass Health. https://glass.health/

Advantages or differentiators

1.Integrated WhatsApp Engagement: Unlike competitors, SYNCLØ Connect+ uses WhatsApp for patient engagement, offering unmatched convenience and accessibility for medication reminders, appointments, and lab bookings.

2.Advanced Machine Learning: Our recommendation engine's sophisticated algorithms for disease prediction and personalized care plans provide highly accurate and actionable insights, setting us apart in clinical decision support.

3.Real-Time Updates and Analytics: Our dynamic queue management system offers real-time patient flow management and vital information access, ensuring efficient operations and reduced wait times.

4.Seamless Integration: SYNCLØ's solutions seamlessly integrate into existing hospital systems, ensuring minimal disruption and quick implementation.

Finance

Pricing:
Patient Check-In System: $5,000 per hospital per year
Dynamic Queue Management: $10,000 per hospital per year
Recommendation Engine: $15,000 per hospital per year
SYNCLØ Connect+: $3,000 per hospital per year

Revenue Expectations:
Year 1: $500,000
Onboarding 20 hospitals

Year 2: $1.5 million
Expanding to 60 hospitals

Year 3: $3 million
Reaching 120 hospitals

Year 4: $6 million
Growing to 240 hospitals

Year 5: $10 million
Expanding to 400 hospitals

Business model

Revenue Streams:

1.Subscription Fees: Our primary revenue stream comes from annual subscription fees for our four main solutions:

Patient Check-In System
Dynamic Queue Management
Recommendation Engine
SYNCLØ Connect+

2.Implementation Fees: One-time fees for initial setup and integration of our solutions into the hospital’s existing systems.

3.Consulting Services: Additional revenue from offering consulting services to help hospitals optimize their operations using our data insights and analytics.

Money will be spent on

1. Technology infrastructure.
2.Talent acquisition
3. Marketing and Sales

Offer for investor

5-10%

Team or Management

Risks

-

Incubation/Acceleration programs accomplishment

GSF Founders Academy.

Won the competition and other awards

-

Photos

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Photo 2 - HealthTech-B2B
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation