Wednesday, September 25, 2013

Mole Tracker - The monetization

The hardware and the software to interpret the results would be sold as a package and be designed to integrate well with existing medical care software. The system could reduce the need to have as many dermatologists (or let them see more patients). I think this could reduce the amount of time it takes to evaluate a patient by about 10 minutes and only take 1 minute. In a dermatology department with 5 doctors this could save 4 hours of doctor time a day. Over a year that adds up to $50,000 (assuming $50 an hour for a doctor’s time). I think the device would sell for only $50,000 and last around 5 years. The amount of savings is $200,000 over the life of the device.

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