Keystone Edge is profiling contestants in the upcoming Ben Franklin Venture Idol competition (Nov. 20 at Ben Franklin TechVentures). After earning their way through the afternoon selection process, entrepreneurs pitch their startups to investors and attendees. Ben Franklin will invest $15,000 based on the “crowd-funded” audience vote.
Accrediting the hundreds of thousands of students and physicians who receive clinical training at healthcare institutions in the U.S. and abroad is a vast and complex undertaking. And now the Accreditation Council of Graduate Medical Education requires hospitals to report performance data for each resident physician on a bi-annual basis, a much more onerous task from its old reporting requirement of every three to five years.
Meeting the requirements is made even more difficult by outdated software products — created in the mid-'90s to replace paper — that dominate the industry.
Santhosh Cherian, a radiology resident at Geisinger Medical Center in Danville, was sure there had to be a better way. Combining his background in medicine and in software and web design, he formed Medtrics Lab in 2013 with Adityo Sagir, a management consultant, to fill the gap in the healthcare technology market.
Working with physicians who are actively involved in graduate medical education accreditation and software engineers, Medtrics developed a cloud-based clinical education management system for hospitals, medical schools and universities. The software handles all aspects of training, including scheduling, performance evaluations, demographics data, procedure credentialing and data necessary to maintain national accreditation.
Several medical institutions are piloting the platform for their residency programs: Texas Tech University Health Sciences Center (Lubbock) Internal Medicine program, Mayaguez Medical Center in Puerto Rico, and Lutheran Medical Center’s Internal Medicine program in Brooklyn, N.Y.
The startup recently moved to Bucknell University Entrepreneurs Incubator where it is at work adding features to improve efficiency for large institutions and to develop full featured iOS and Android applications.
“Over the next year we also hope to improve our marketing and sales strategy, so that we can share what we built with more institutions,” adds Cherian. “We have already started working with experienced advisors at [Ben Franklin Technology Partners of Northeast PA] and Bucknell University to accomplish this.”
Source: Santhosh Cherian, Medtrics Lab
Writer: Elise Vider