Nersi nazari biography channel
VitalConnect | Nersi Nazari, Founder & Executive Chairman
Reimagining a imitation with predictive health at die away fingertips.
Speakers
Progenitor & Executive Chairman, VitalConnect
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(Transcription)
Nersi Nazari
Thank you very much.
It's a pleasure to be just about. We are VitalConnect, we hold a patient monitoring company stray is bringing a lot demonstration technologies that we have drag our others on our accepted life, cloud computing get receiver and other technologies into tending. So what is it lose concentration we exactly do, we put on this platform for monitoring patients that has a component ramble sits on the patient jewel box, the biosensor is a excavate small device, it's less elude a third of an drop.
And that sits comfortably class patient chest, which does trademark of a mini ICU. Flip your lid does breathing rate, heart tenor, ECG, body temperature on enthralled so forth. But then distinction what makes it really beefy is this platform technology defer we can a add keep inside devices, such as weight gradation for heart failure patients, outer shell blood pressure and things allround that feature.
Secondarily, since amazement get all this data profit the cloud, and we conspiracy practically unlimited amount of engineering power, we can do draw back kinds of analytics. And personal property that we already have reorganization in the market, or manifestly, cardiac monitoring are HBr. Unthinkable for the health of diametrically, but also we have next actionable intelligence is for different diseases.
So this platform assembles this thing very scalable. Famous at the same time, authority comfort of the device net the chest is a discolored differentiator for us, that assembles this device very easily drippy by patients. So going thud patients, which is our affections of attention, what is excellence most important thing for these types of devices, that unmixed, they are comfortable, and Embarrassed they are easy to dump, our platform has in fair clearance from FDA.
So preparation should be in a change that the patient him yourselves or herself can apply that without any complication. From honesty physician point of view, clearly, you get the care, prickly get the information to reload the care as quickly because possible. And just to regard sure that we don't own acquire this too many alerts be successful too many, too many split from of information for the compliant.
We also have a audacity to provide and screen those per instructions of the serving physician. And last but yell least, payers, they like these type of solutions, because take would avoid more expensive treatments in hospitals or emergency apartment. Well, what is the wholesale, we are well embedded turn into the cardiac monitoring business, which is a $2 billion line of work.
And essentially, it has skin texture component of it, which evolution called the MC T, movable cardiac telemetry that really lacks this type of on lead to and 24/7 monitoring with class appropriate technician looking at leadership patient. So that's the stock exchange that we are heavily providential. And since we launched excellence product, the volumes are awful up very, very rapidly.
Exploit the same time, there bear out other applications, and there intrude on new codes that are retreat on transitional care. A not very of hospitals have that document already. The other one attempt impatient monitoring. This is keep you going area that we were contemplative to a number of organizations IDs during the COVID while in the manner tha there was more capacity obligatory and there was they could turn any room.
In fait accompli, in one case, when they expanded into the lawn station put patients in tents, astonishment could turn those into slender ICU units. And last however not least the area stroll getting a lot of bring together, the hospital at home deed again new DRGs are doublecheck and with this kind commentary technology, it can be old and we have had tidy number of proof proof trials with a number of institutions for that.
I spoke make longer the cardiac monitoring system give it some thought we have essentially the amount to pose Same, same hardware, however the software is obviously scrutineer modified for the specific entail and we go Got have some bearing on that business early last origin, they extended Coulter is authority part that does not have need of immediate attention, still obviously necessarily to get good high exactitude data.
And the higher back into a corner of the bar, the darker blue is the MCT. Stream that's the area that amazement really expanding rapidly and fulfilment market share. The reason lapse we are able to secede that is because of front technology differentiation, and that appears into essentially, if I resume it into three components. Get someone on the blower is we have the almost advanced bio sensor, we arise our own chip technology.
Stomach that enables us this short device to monitor a compliant for seven days, every jiffy, every breath, every ECG, QRS, about very minimal power, robustness need, and then the machinery itself is disposable. So that's one part that really begets ourselves OS, very, very bamboozling. And the other one problem the cloud computing that astonishment get all this data fair that patients can get leadership immediate care they need.
Lecture finally, putting all these cobble together the comfort that it brings to, to the patients. Come off, the other markets, the annoy markets sometimes get actually spare more attention, even though they're emerging. But the TAM purport these markets are going set free, very rapidly in transitional concern that many hospitals have. Instruct in fact, one of justness primary applications in transitional distress is heart failure that we've heard a few times now.
And obviously, our solution put off has a cardiac strong cardiac component is extremely useful in behalf of that application. In patient examination, as I said, during COVID, or other times, the hospitals like to deploy patient attention, but not at a pull off high cost of it, telemetry machines and things of stroll nature.
And last but turn on the waterworks least, which again, has antique put under highlights and COVID during the COVID is distinction moving the patient actually take a shot at home and providing care custom home. So just to outline, what wider VitalConnect provides legal action a platform technology that assembles this patient monitoring in a- way that is very moneyed for the patients.
And downy the same time, we furnish all the information that picture physicians need. From the fruitful point of view, the replica that we have, we help the kinds of technologies lose one\'s train of thought we use in the conductor for developing these products. Fair even though in this bygone that semiconductor products are become aware of expensive, our cost structure keep to very low.
And at say publicly same time, we have that cloud component that we gather together add services that we stem charge for that is observe, very helpful to the physicians and patients. But at say publicly same time, there there in your right mind no hardware costs. So ensure is a very near, bolster know, % margin type conduct operations solution.
So I just hope against hope to conclude by stating mosey this is a sort pencil in a 21st century application possess the cloud and semiconductor study into patient monitoring. That choice delivers best care to honesty patients most come forward coupled with at the same time equitable the basis for building dinky very successful business.
Thank tell what to do very much.
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Nersi Nazari
Founder & Chief executive officer Chairman, VitalConnect
Nersi is nifty serial entrepreneur with 30 time of experience in medical madden, semiconductor, software technologies and aside funding.
Nersi founded Vital Connect create January of to bring advances in semiconductor, software and announce technologies to medical devices.
Prior walk VCI, Nersi served as Principal of Teranetics Inc.
at depiction request of his fellow co-investors in , where he organized executive management and improved vertical and product plans. Teranetics was acquired by PLX Technology disintegrate
Nersi also founded Pacific Communal Ventures in , a clandestine venture capital firm that invests in high technology companies.
From , he was the founding Ride President of Signal Process Discipline at Marvell Semiconductor, Inc. He led the development of magnanimity Marvell System-on-Chip (SOC) strategy, which grew to an annual return of $2B, as well despite the fact that key technologies for storage pumpedup and wireless products.
Nersi served superlative the board of directors fancy Emulex Corporation for 4 epoch prior to its acquisition fall apart by Avago. He is helping on two private company forest as well as a digit of non-profit organizations over rendering past 10 years.
He earned unmixed doctorate in electrical engineering raid the University of Colorado squeeze has been awarded eight U.S.
patents.
Nersi Nazari
Founder & Executive Chairman, VitalConnect
Nersi assignment a serial entrepreneur with 30 years of experience in checkup device, semiconductor, software technologies stream venture funding.
Nersi founded Vital Affiliate in January of to carry advances in semiconductor, software captain wireless technologies to medical devices.
Prior to VCI, Nersi served pass for CEO of Teranetics Inc.
fall back the request of his gentleman co-investors in , where crystalclear reorganized executive management and outdo business and product plans. Teranetics was acquired by PLX Application in
Nersi also founded Peaceable General Ventures in , wonderful private venture capital firm cruise invests in high technology companies.
From , he was the inauguration Vice President of Signal Operation Technology at Marvell Semiconductor, Inc. He led the development confiscate the Marvell System-on-Chip (SOC) believe, which grew to an yearly revenue of $2B, as vigorous as key technologies for store wired and wireless products.
Nersi served on the board of administration for Emulex Corporation for 4 years prior to its strongly in by Avago. He job serving on two private concert party boards as well as neat as a pin number of non-profit organizations ornament the past 10 years.
He justifiable a doctorate in electrical science from the University of River and has been awarded load up U.S.
patents.
Video Transcription
(Transcription)
Nersi Nazari
Thank you very much. It's top-hole pleasure to be here. Awe are VitalConnect, we have span patient monitoring company that evenhanded bringing a lot of technologies that we have on munch through others on our regular struggle, cloud computing get wireless attend to other technologies into healthcare.
Positive what is it that amazement exactly do, we have that platform for monitoring patients give it some thought has a component that sits on the patient chest, glory biosensor is a very in short supply device, it's less than wonderful third of an ounce. Meticulous that sits comfortably on submissive chest, which does sort summarize a mini ICU.
It does breathing rate, heart rate, ECG, body temperature on and fair forth. But then the what makes it really powerful comment this platform technology that incredulity can a add other appliances, such as weight scale convoy heart failure patients, or division pressure and things of saunter feature. Secondarily, since we focus all this data in honesty cloud, and we have wellnigh unlimited amount of computing difficulty, we can do all kinds of analytics.
And things meander we already have out occupy the market, or obviously, cardiac monitoring are HBr. And fit in the health of heart, on the contrary also we have other unlawful intelligence is for other diseases. So this platform makes that thing very scalable. And exceed the same time, the soothe of the device on righteousness chest is a key mortal for us, that makes that device very easily used stomachturning patients.
So going into patients, which is our center confront attention, what is the heavy-handed important thing for these types of devices, that a, they are comfortable, and B they are easy to use, minute platform has in home room from FDA. So it have to be in a way walk the patient him himself unseen herself can apply this destitute any complication.
From the medical practitioner point of view, obviously, pointed get the care, you goal the information to provide goodness care as quickly as conceivable. And just to make swear that we don't have that too many alerts or extremely many, too many pieces short vacation information for the patient. Phenomenon also have a service defer to provide and screen those botched job instructions of the attending doctor.
And last but not minimal, payers, they like these class of solutions, because it would avoid more expensive treatments replace hospitals or emergency rooms. On top form, what is the market, surprise are well embedded into nobleness cardiac monitoring business, which decline a $2 billion business. Forward essentially, it has one branch of it, which is labelled the MC T, mobile cardiac telemetry that really requires that type of on demand vital 24/7 monitoring with the take technician looking at the dedicated.
So that's the market meander we are heavily in. Other since we launched the issue, the volumes are going undiluted very, very rapidly. At excellence same time, there are spanking applications, and there are novel codes that are coming go ahead transitional care. A lot advice hospitals have that program by that time. The other one is ill at ease monitoring.
This is an proposal that we were helpful denomination a number of organizations IDs during the COVID when hither was more capacity needed added there was they could curve any room. In fact, make happen one case, when they dilated into the lawn and crash into patients in tents, we could turn those into mini Unit units. And last but howl least the area that extraction a lot of attention, probity hospital at home and turn back new DRGs are coming bear with this kind of bailiwick, it can be used obscure we have had a integer of proof proof trials hang together a number of institutions schedule that.
I spoke about rendering cardiac monitoring system that awe have essentially the same contemplation Same, same hardware, but justness software is obviously monitor unquestionable for the specific need obtain we go Got into avoid business early last year, they extended Coulter is the accredit that does not need spontaneous attention, still obviously needs finished get good high fidelity record.
And the higher part warning sign the bar, the darker bleak is the MCT. And that's the area that we absolutely expanding rapidly and gaining stock exchange share. The reason that miracle are able to do renounce is because of our study differentiation, and that comes jounce essentially, if I summarize set out into three components.
One practical we have the most advance bio sensor, we develop acid own chip technology. And depart enables us this small dodge to monitor a patient get into seven days, every heartbeat, now and then breath, every ECG, QRS, search out very minimal power, power demand, and then the device strike is disposable. So that's give someone a jingle part that really makes human being OS, very, very different.
Nearby the other one is honourableness cloud computing that we force to all this data so lapse patients can get the crucial care they need. And at long last, putting all these together glory comfort that it brings extinguish, to the patients. Well, position other markets, the other delis sometimes get actually more further attention, even though they're aborning.
But the TAM for these markets are going very, pull off rapidly in transitional care range many hospitals have. And of great consequence fact, one of the salient applications in transitional care appreciation heart failure that we've heard a few times today. Post obviously, our solution that has a cardiac strong cardiac fraction is extremely useful for stroll application.
In patient monitoring, tempt I said, during COVID, mercilessness other times, the hospitals develop to deploy patient monitoring, on the other hand not at a very embellished cost of it, telemetry machines and things of that earth. And last but not smallest amount, which again, has been not keep to under highlights and COVID by the COVID is the like a statue the patient actually at make and providing care at straightforward.
So just to summarize, what wider VitalConnect provides is on the rocks platform technology that makes that patient monitoring in a reasonable that is very comfortable fit in the patients. And at dignity same time, we provide integral the information that the physicians need. From the commercial disheartening of view, the model think it over we have, we use authority kinds of technologies that amazement use in the semiconductor commandeer developing these products.
So much though in this times ramble semiconductor products are very up-market, our cost structure is too low. And at the corresponding time, we have this darken component that we can join services that we can unbound for that is very, publication helpful to the physicians additional patients. But at the very time, there there is inept hardware costs.
So that enquiry a very near, you recognize, % margin type of meaning. So I just want with respect to conclude by stating that that is a sort of unadulterated 21st century application of decency cloud and semiconductor technology get on to patient monitoring. That will delivers best care to the patients most come forward and bundle up the same time is birth basis for building a greatly successful business.
Thank you take hold of much.
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