IA Client Phyzit Featured by Arkansas Business
In case you missed it, Innovate Arkansas client firm Phyzit of Little Rock is featured this week at ArkansasBusiness.com.
Phyzit has developed an app that tackles the transitional care management problems experienced by patients and their health-care providers. Basically, the Phyzit TCM app enables doctors and their staff members to keep tabs on patients post-visit.
Co-founder Stephen Canon, a Little Rock pediatric urologist and the father of triplets, compared launching a startup to raising triplets: The pace is not slow and easy but is it ever a blast.
Here's a sample from the AB.com piece:
As with most big ideas, the idea behind Little Rock's Phyzit was hatched when Arkansas Children's Hospital pediatric urologist Stephen Canon realized there had to be a better way.
Canon was frustrated with the lack of communication between doctors and patients and set out to improve transitional care management.
He and his dad Michael, an attorney and former mayor of Midland, Texas, launched the Phyzit app to enable doctors and patients to communicate post-visit via telemedicine and mobile messaging.
In addition, Phyzit addresses other problems associated with TCM:
- Poor utilization of TCM coding;
- TCM reimbursement hassles;
- Overburdened physicians' staffs.
The app, developed for iOS, has been beta tested by Dr. Brad Bibb in Ash Flat. Bibb, a family practice physician, reported additional revenue of $1,400 a month using the app and his patients' hospital readmissions were cut by 50 percent. The Phyzit team believes its app, Phyzit TCM, can generate additional revenue of $1,000 to $2,000 a month per primary care provider.
Full story here. Plus, here are five tips for startup success from Canon and his team.
Stay tuned. The Phyzit folks are just getting started....