Naomh McElhatton, Stimul.ai
An AI driven Strategic Clinical Design Tool Built to Reduce Hospital Waiting Lists
What problem are you solving and what is innovative about your approach?
Stimul.ai is aiming to reduce the time patients spend on hospital waiting lists. Ireland’s hospital waiting list numbers reached a record approaching 1 million this year, as a pre-existing problem has been exacerbated by the Covid-19 pandemic. Stimul.ai uses scenario modelling to deliver evidence-based data intelligence, which allows clinicians to keep pace with demand and to plan their day based on the requirements, resources, and available capacity.
Through our findings and automated process, we allow consultants and their team to focus on delivering patient care, which is always the number-one priority.
Stimul.ai is built on more than a decade of AI and decision analytics research at the Insight Centre for Data Analytics and the School of Computer Science and IT at University College Cork. It has a number of pilots already running. The success from these pilots will guarantee Stimul.ai its first paying customers.
How is this idea commercially attractive?
In addition to the €250m that the Irish government has recently allocated to solely tackle waiting lists in Ireland, globally health services are dedicating billions of dollars to confront the growing crisis of hospital waiting lists.
Stimul.ai is positioning itself within the first 3 years to support the Irish, UK, and Canadian markets with a total addressable market of €210 million. In hospital trials over the past few years, the technology model has been proven to reduce waiting list times by 20% to 80%.
The company has already established a clear and highly scalable route to market with its SaaS platform. By reducing waiting lists not only offers much needed cost savings to health services. Everyone wins from the patient to the practitioner to the broader economy.
What do you hope to achieve by participating in Big Ideas?
We want to position Stimul.ai at the forefront of supporting health services and governments as ‘thee’ strategic planning tool that is utilised to understand the delivery services within publicly funded hospital departments and clinics.
Participating in Big Ideas presents the opportunity to raise awareness of the solution to a global market and could potentially lead to the identification of new pilot sites and potential strategic investors.