Global healthcare expenditure has crossed $9 Trillion in 2017 and is expected to grow multifold over the next couple of decades. Despite the growth and rapid advancements, the global healthcare industry still faces several challenges in its present form. Issues such as limited access to specialists, lack of collaboration and transfer of knowledge, varying and fragmented data standards and most importantly misdiagnosis are still persistent. Misdiagnosis is a very severe problem faced by the industry because 20% of the overall patients and 44% of global cancer patients are misdiagnosed.
TrustedHealth will serve as an ecosystem that provides access to the best specialists, provides the right medical support, saves time, helps research the right medications, and eliminates the need to travel, especially when the time is of the essence.
The Trustedoctor platform is at the center of the TrustedHealth ecosystem. Trustedoctor is the first partner platform of the TrustedHealth ecosystem and is already has a functional platform that connects patients to world-leading specialists allowing them access to the best medical care regardless of their location.
Doctors can connect and coordinate with each other for Doctor-to-Doctor consultations.
A patient’s medical data will be hashed and stored in a decentralized manner such that only he has access to it. Patients can share the data with doctors, research centers, educational institutes for the benefit of research and patient outcomes. Even diagnostic labs, pharmacies, insurance companies, patient organizations, legal firms can become a part of the ecosystem. The Trusted Health ecosystem will cover everything that specialized medicine patients and doctors need.
Do they have an MVP?
At present, Trustedoctor provides consultations in brain and lung cancer-related cases and plans to expand in other diseases. Trustedoctor has 50 world-leading specialists, six countries, more than 300 users and is supported by 16 medical organizations
What is the project's roadmap?
The roadmap extends till 2020, and the project is being developed in 4 stages. The stage 1 of the development process will get completed in Q3 2018 and will tokenize the Trustedoctor platform while adding two more diseases. Further features and diseases will progressively get added in the later stages.
What is the Token used for?
TrustedHealth is set to introduce a common currency within the ecosystem that will be
called TDH token. TDH token will be used as a utility coin, engagement reward coin and
subsidized payment method for transactions within the ecosystem.
Trustedoctor is the first platform on the Trusted Health ecosystem and will have the TDH tokens embedded in it. Going ahead as more partners get added to the ecosystem, they will use TDH as their primary token. Payments across the platform can also be done using fiat, but there will be special incentives and discounts for using TDH.
Token Distribution:
20% of the tokens will are allocated to the company for future crowdraises, referrals.
30% of the tokens will be allocated to the team.
50% of the tokens are being distributed to the ICO contributors.
Team
TrustedHealth’s team is a good mix of professionals from different streams.
Founder and CEO Greg Jarzabek is an alumnus of Harvard ( Executive program ), ESCP and Warsaw School of Economics. He has extensive experience as a credit trader. He created Trustedoctor in 2016 after the death of his mother due to cancer. Philippe Schucht, a neurosurgeon from Switzerland is the chief medical officer. TrustedHealth has a team of 19 members, almost all of them work as full-time employees.
TrustedHealth has 12 advisors many of whom are doctors and medical professionals.
The CEO’s shift towards healthcare industry after years of working as a credit trader is driven by a genuine commitment to helping patients access specialized medical treatment.
Negatives
- The teleconsulting segment in which Trustedoctor operates is very competitive. There are many platforms offering video consultation services with doctors.
However, TrustedHealth’s focus on niche specialized healthcare and creation of the entire ecosystem differentiates it from general healthcare platforms. - The focus on specialized healthcare and a small set of diseases will affect the scaling potential of the platform.
- Specialist doctors in diseases like brain cancer are some of the busiest professionals out there. Would a specialist doctor have time to provide online consultation via Trustedoctor?
Positives
- TrustedHealth has a top-down approach to scaling where they onboard institutions and thought leaders first. This will help them grow as regular doctors will follow institutions and the leading doctors a particular disease segment.
- Trustedoctor is a working product with 300+ users, 50 specialist doctors and the support of 16 institutions. Trustedoctor offers brain and lung cancer consulting, which are amongst the most technically complex diseases.
- TrustedHealth’s team is well qualified, and they genuinely want to improve the specialized healthcare situation globally.
- The ICO has a small hard cap of only 7500 ETH (~ $6 million ). A working product coupled with a small hard cap gives plenty of growth potential after listing.
Rating
One thing that I particularly like about TrustedHealth is that their top-down business model. After identifying a disease, the focus is on onboarding key opinion leaders and medical organizations. Once the prominent figures and institutions in the sector are involved, other doctors will actively join the ecosystem.
However, the success of an ecosystem depends on the community that it attracts and only time will tell how TrustedHealth fares. Till then, they have a basic working product backed by a good business model.
Return: TrustedHealth gets a positive rating in 11 out 15 of our asset evaluation metrics. The positive score is significantly higher in the Problem Statement, Business Model, Team Members and Valuation metrics. TrustedHealth gets an average rating in 4 metrics. The average score is given to the Market (small market coverage due to niche focus), Competition, Legal and Roadmap metrics. TrustedHealth does not get a negative rating in any of our metrics. We assign a Return Rating of 7 out of 10 to TrustedHealth.
Risk: TrustedHealth faces risks due to the competition, extended roadmap and legal concerns due to the presence in the healthcare industry. However, the risks get subdued due to the low valuation at least at the time of listing. We assign a Medium Risk Rating to TrustedHealth.
Investment Horizon: Short Term: Positive. The small hard cap will be easily achieved and the first stage of the roadmap will get completed in Q3 itself.
Long Term: Positive. TrustedHealth will have a readily usable product in the form of Trustedoctor. The low valuation combined with a working product, makes us positive for the long term.Liquidity: Not applicable for ICOs.
ICO Details
Token Type: Utility
Platform: Ethereum
Symbol: TDH
Initial Value: 1 TDH = 0.000046 ETH
Pre-Sale: 20th March
Public Sale: 27th March
Pre Sale Bonus: 30%
Hard Cap: 7500 ETH (~$6 million)
Jurisdictions Barred from Participating: USA, China
Website: https://trustedhealth.io/
Whitepaper:https://trustedhealth.io/pdfs/TDH_Whitepaper-592f9fec61d40126de35f911eadb11bf.pdf?vsn=d