KisStartup

Internet of Things (IoT) in health care – a platform business model in a developing country market

1 Minh Nguyen Dang Tuan, 2 Thanh Nhan Nguyen
1 KisStartup Innovation Consulting, Coaching, Mentoring
2 Faculty of Business Administration, Ton Duc Thang University

Abstract

Ecomedic Medical System (EMS) is the largest community of online health care in Vietnam currently. Based on its diversifications of involvement of stakeholders from patients to doctors to pharmacies, the community is transitioning itself to an online application to connect different stakeholders, utilizing IoT application for the development. It is expected to officially provide the market with a deployment model for the home care physician system: proactive, continuous care in which all data are connected to the cloud. Key functions deployed with UDr, which is android or IoS applications, IoT wearable devices enable patients to use 24/7 health monitoring equipment (especially for patients with chronic diseases such as cardiovascular disease, diabetes, high blood pressure ...); The wristwatch automatically measures the time (defaults to 30p / s) and sends data to Cloud; The UDr application reads the data from the cloud to the physician for examination. Clinical examinations are also done at home and the results are sent to the doctor and the patient for follow up. When there are abnormalities (for example sudden increase in blood pressure within 3-4 hours), EMS's cloud service will analyze and alert the physician, patient/family member and connection. Unique value of the business model: a combination of deeptech solutions for the health care ecosystem. In a country where the average patient's waiting time is 10 hours, the development of UDr, an online patient care advisor on the basis of a smart medical community. UDr is a combination of different technologies that work to reduce the time spent on both patients and the healthcare ecosystem. Making use of the available IoT devices that are available to physicians for analysis of patient health data by providing real-time patient survival information, combined with a network of family physicians developed by another partner, the UDr offers warnings of hazards to the patient's health. The UDr is a flexible mix of online and offline and leverages the technology platforms and insights available to the market and integrates with existing solutions in the marketplace to benefit the user and bring value to the parties involved. Key words: Internet of Things, Health industry, startup

Case highlights
•Introducing Business model of Ecomedic Medical System in Vietnam, which is established by merging fours basis factors consisting of hardware platforms, wearables, networking technologies, and cloud platforms that connect different stakeholders in the healthcare ecosystem with wearable devices.
•Analyzing the present market in smart e-medical service in smart cities, and their relationship with professional medical experts, nurses, patient’s relatives.
•With a strong focus on quality of doctors and active prevention for patients with common diseases in Vietnam, UDr is targeting a potential market with no big competition.
•Integration of IoT, Big Data and Block Chain into the solutions creates its unique values.
•Using the Business Canvas Model to discuss the business opportunity in industry and future market potential. 

To download the casestudy, email us at: hello@kisstartup.com

Source: 2018 Business opportunities and innovative models driven by the Internet. Cases in Vietnam. Organizers: TDT University, Feng Chia University, PWC, TSing Hua University, 

In March, 2018, let's join activities organized by KisStartup and our partners.

1. 9.3.2018: International Conference on Business Opportunities and Innovative Models driven by the Internet: Cases in Vietnam at Ton Duc Thang University in which KisStartup presents and introduces 07 business models related to IOT in Vietnam including case ABIVIN, AMI, CYHOME, Ecomedic, EZCloud, UMI ABC Maker, MimosaTEK to Taiwan partners who are sponsored by Taiwan.
2. 22.3.3018: Memorandum of Understanding (MOU) signature between KisStartup and Vietnam Women's Academy (VWA), a comprehensive strategic partnership that leverages the strengths of the two sides to support start-up business women.
3. 22.3.2018: A Memorandum of Understanding (MoU) signed between the ILT representative (Innovation Land of Tourism, KisStartup, co-founder) and Mr. Chu Hong Minh and the Vietnam Women's Academy for support and enhancement the capability to receive investment, expand the market for women businesses with projects related to tourism.
4. 27.3: For Startup - INTRODUCTION & GUIDE FOR INVESTMATCH 2018
5. 28.3: FOR INVESTORS - INTRODUCTION & GUIDELINES Investmatch 2018

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KisStartup Team

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KisStartup would like to announce our Tet vacation starting from 8/02/2018 until the end of 21/02/2018. KisStartup would like to meet with you after the Tet holiday, full of hope and energy. We will be filled with new energy for the upcoming challenges.

At the same time, KisStartup would also like to send wishes to KisStartup's startups. Wish you a creative new year for your dream, always persevere, full of energy to face challenges of starting a business. 

KisStartup will always be here for you. HAPPY NEW YEAR!

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1. Training of Innovation Coach: Following the success of the TOT1 - IPP, we - the first seeds of the program are desiring  open Extensive network of innovative coaches and startups across Vietnam. In 2016, we expect to develop this program in Hanoi, Ho Chi Minh City and Da Nang. If you are Interested in the program, please contact us.

2. Community Activity: Startup Square Startup Playground: A dynamic, impressive and vibrant space

- Mindset Playground: 1 time / month: Learn and practice through games in the series. Here you will experience the startup game to learn for yourself, your team and bring new tools for your business.

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4Mentoring Netwwork: With the success of the very first mentors and mentees in 2015, we keep going on developing a mentoring-1 to 1 in Ho Chi Minh City to Hanoi.

Innovation is a process of learning, sharing, exploring and practicing continuously, so with these activities, in 2016, we hope to be with you  experience,

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Now you have one more options when learning business English in the form of mentoring 1-1 with KisStartup.

Option 1: CHECK-IN ANYTIME at KisStartup's office (P209, 18T1 Building, Le Van Luong) - Remember to book by phone at least before 1 hour. From 9am to 5pm every  Monday to Friday, you can go to Kis's office any time to practice English directly with the lecturer.

The lecturer not only speaks but also help you in pronounce, use English based on your needs and introduce the tools and methods of effective English training.

Course fee: 250,000 / 1 hour / 1 student. You can pay at the beginning of each class.

Preferential tuition fee for students registering in June, full-time, 5 lessons / week: 4,000,000 / course 20 sessions. We will refund the tuition fees for non-attendance classes.

Option 2: Live on SKYPE ANYTIME from 8am - 2pm. If you are busy and need to prepare for a lecture, meeting with an investor and not be able to attend class, studying Skype online at your own pace will be ideal.

The lecturer not only speaks but also gives you the ability to pronounce, use English according to your own needs and introduce the tools and methods of effective English training.

Option 3: Learn directly in the classroom twice a week (Tuesday, Friday) and mentoring with students for 5-10 minutes by phone or Skype every day. Communication with the group will be an option for people who have more time, enjoy meeting and communicating with people. Lecturers will follow you after each session to improve their ability to reflect well.

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