Connecting and Protecting the Last

Transcription

1 Connecting and Protecting the Last Mile Corporate Presentation March 2013

2 Important Cautions The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. Certain information included in this document (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are forward-looking, such as statements relating to anticipated future revenues of the company and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company s filings with the Securities and Exchange Commission and with the Canadian Securities Administrators in the EDGAR filing system. The information contained in this presentation and its attachments contains privileged, confidential and protected from disclosure. Please ensure that you do not forward, disseminate, distribute or copy this presentation and its attachments Diversinet Corp., All rights reserved. Diversinet Corp., the Diversinet Logos, MobiSecure and all other products or service names are trademarks of Diversinet Corp. Diversinet products are covered by patents and other patent applications. 2

3 Diversinet Key Stats Headquarters Toronto, Ont. Sales Office Irving, Texas Stock Tickers OTCQB:DVNTF; TSXV:DIV Stock Price (3/4/2013) $ Week Low/High $ $0.26 Avg. Daily Vol. (3 mo.) 11,600 Basic/Fully Diluted Shares (mrq) 43.2M Public Float, est. 27.2M Institutional Holdings¹ 24% Insider Holdings 28% Revenue (ttm) $1.5M EPS (ttm) $(0.07) Cash ($0.07 cash/share) $3.2M Monthly Burn Rate $380K+ Debt (mrq) $0.00 Total Assets (mrq) $3.7M Total Liabilities (mrq) $0.6M Fiscal Year End Dec 31 Market Cap $2.2M Price/Tangible Book (mrq) 0.5x Sources: Capital IQ & Yahoo! Finance. Sources: Capital IQ & Yahoo! Finance. ¹As of 2/22/12, 5/29/12, 9/30/2012 & non-filers 3

4 Who We Are Diversinet is a mobile technology company with an award winning, enterprise level secure and HIPAA compliant mobile application platform. With MobiSecure with FIPS certification, We are a leader in mobile health security We are able to create a secure way to store and share PHI and communicate using consumer mobile devices for multiple purposes. We can create/configure / maintain interoperable mobile applets across multiple mobile platforms to allow rapid innovation at a time where healthcare is attempting to determine how to personalize engagement and change patient behaviors/improve adherence/improve outcomes. 4

5 Why Are We in Business? Chronic diseases account for 80% of $3 trillion spent on U.S. healthcare and much of it is due to lack of patient/consumer engagement and gaps in care coordination Consumer mobile devices will be a critical vehicle for engaging consumers and patients. However, our understanding and ability to activate patients/consumer is emerging, and it will require significant experimentation/innovation with an enterprise approach We have a solution that allows our customers/partners to innovate and develop mobile engagement solutions to determine how to activate patients and improve outcomes/costs while securing the communication and the data on the mobile devices 5

6 Experienced Team New CEO, Dr. Hon Pak In February 2012, Dr. Pak was appointed CEO and to the board of directors Dr. Pak is a past ATA president & recently retired CIO of the U.S. Army Medical Department, Office of the Surgeon General New Chairman, Bret Jorgensen In July 2012, Bret Jorgensen was appointed to the board of directors and chairman Jorgensen brings 20+ years of experience as a healthcare entrepreneur and corporate transformation executive to Diversinet Jorgensen was most recently the CEO of MDVIP, a personalized healthcare company 6

7 What Do We Do? Enterprise level mhealth software platform (scalable, secure, etc) with FIPS certification MobiSecure provides a secure way to store and share PHI data on consumer mobile phone and other medical devices MobiPublisher allows our clients/partners to create/configure / maintain interoperable mobile applets ( Rx adherence, Preventive Screening, etc) to allow rapid innovation on a core MobiHealth Wallet that allows to store, share PHR and health profile/preferences Provide a security module (MobiSecure) to be used on an existing mobile/web application Authentication Provisioning Encryption We have growing # of solutions to include MobiSurvey and MobiMessenger that allow clients to meet targeted needs 7

8 The Problem: Unsustainable Healthcare Costs 80% of all healthcare spending is for treatment of chronic disease Chronic diseases account for 80% of $3 trillion spent on healthcare Changes in behavior could reduce chronic disease morbidity by 80% 30-59% of patients with chronic diseases do not adhere to prescribed medications By 2015, 41% of American adults are projected to be obese 8

9 Mobility Will Change Health and Healthcare There are 5.9 billion mobile subscribers (that's 87% of the world population). Mobile devices allows providers to connect providers and patients 81% of patients want online access to schedule appointments and fill out forms 78% will go online to access medical histories and share data with their physician 59% of patients will switch to a physician with a greater online presence Source Intuit Health Care Check-up Survey 2010 Source: 1) Intuit Health Care Check-up Survey

10 mhealth Will Be a Strategic Investment mhealth extends the ability of the entire healthcare sector to extend their solutions securely through mobility Disease Management Companies Medical Devices Companies Patient Health Record Companies Health Information Exchange Electronic Medical Record Mobility Telehealth Companies Health Plans/ Payers Healthcare Organizations Mobility Activation Empowerment Engagement 10

11 Rate of Adoption Mobile Health Adoption Trends HITECH 2010 Affordable Care Act Passed Loyalty Offerings HITECH Stage 1 HITECH Stage 2 ACO Year 1: Quality reporting ACO Year 2: Quality payment Strategic Initiatives 11

12 How We Do It? Our Solution 12

13 Standard Interfaces(WSI & CCD) Enterprise Mobile Platform TARGET OUTCOMES: Reduced Readmission, Improved Adherence & Compliance, Quality Improvement, Cost Reduction. mobihealth Wallet mphr+ Profile & Preferences Biometrics Configurable Applets Download PHR data Share data securely Secure Messaging Health Profile Care Goals Preferences Determinants of Health Weight BP Pulse Glucose Others Other Applet Other Applet Applet DATA SOURCES: EHR HIE Blue Button Medical Devices Configuration Manager Secure Messenger Mobile Content Manager Analytic Portal CONTENT: Care Pathways, Care Plans, Patient Education MobiPublisher Mobisecure (Provisioning and Security) Secure - Write Once Deliver Across All Mobile Platforms 13

14 Patient Centered Engagement 14

15 Successful mhealth = Integrated Platform + Eco System Client Solutions Enabling Outcomes 15

16 mhealth Market Growth and Drivers PricewaterhouseCoopers and mobile operator industry association GSMA expect global mobile health revenues to hit $23 billion by 2017, with the biggest markets in Europe and the Asia-Pacific region Revenues from remote patient monitoring services that use mobile networks will rise to $1.9 billion globally by The wireless home health market looks to $4.4 billion by 2013, according to Parks (U.S. market alone) 1 The Patient-Provider mhealth apps for care is expected to grow 270% per year to reach $1.1 billion by 2017 ² Multiple mhealth Market Drivers: Cost savings & Improved treatment 4 Federal mandates & tax incentives (HITECH, Meaningful Use)³ Health regulatory/privacy requirements 4 Remote monitoring & med reminders Increased Smartphone use by doctors & users Sources: 1) mhealth predictions: $1.9B, $4.4B, $4.6B? By: Brian Dolan Apr 14, ) mhealth Adoption for Patient Engagement Chilmark Research May ) ScienceDaily, May 1, ) Emrandhipaa.com, Details of Obama s EMR Stimulus Package 16

17 Growing Security Risk for Mobile Health Frequency of patient data losses at healthcare organizations increased by 32% in 2011 compared to 2010, with 49% of respondents citing lost or stolen computing devices such as laptops, tablets, and smartphones. At the same time, 81% of Healthcare Providers use mobile devices to store or transmit data yet 50% do nothing to protect the data. 1 Data breaches in U.S. hospitals create a potential economic burden of $6 billion dollars annually forcing IT departments to focus heavily on preventing security breaches before they occur and bridge the divide between mobility and security. 1 Security is perceived to be among the top i barrier issues in implementation. The HIT Policy Committee, which advises HHS, voted Sept. 6 to accept recommendations from its Privacy and Security Tiger Team to require multi-factor authentication in certain cases involving remote access to patient information for Stage 3 of the HITECH Act electronic health record incentive program. The authentication would have to meet NIST Level of Assurance 3 standards. Level 3 includes the use of soft OTP tokens Stage 3 is slated to begin in 2015, and rules are in the early discussion stages at the Department of Health and Human Services Source: 1) Second Annual Benchmark Study on Patient Privacy & Data Security Ponemon Institute, December

18 Our Core Security Model mobisecure Strong Authentication & Encryption mobisecure Clients mobisecure Servers Pin # Client Access Data Destroyed After Failed Attempts Data is Encrypted Client Bound to Mobile OTP Generated on Every Session Bi-Lateral Authentication Mobile Authenticates To The Server SSL Pipe Encrypted Data Exchange Server Authenticates To The Device Dual Data Encryption Data Encrypted In Storage Tamper Proof Audit Logs Crypto libraries are FIPS validated 18

19 Our Target Markets Direct Payers/Insurers Providers Pharma Government Channel BPO (Healthcare) Medical Devices HIT Companies Development Partners 19

20 Our Healthcare Customers and Partners Care Coordination / Case Management Real Time PHR / Provider Patient Communication Integration & Extension of Existing Mobile Apps Univ of Nebraska (CATT) Medical Decision Support System Initial Platform Testing 20

21 Diversinet Key Takeaways Multi-billion dollar global market: fast-growing, easily addressable Care coordination & patient engagement: foundational to the success of healthcare reform Mobility in healthcare is critical for patient engagement and care coordination. (Last mile for patient activation) Our MobiSecure Platform, along with the experience required to support clients and partners, allows us to successfully navigate this challenging landscape and rapidly mobilize care coordination and patient engagement. Marquee customers and pilot programs driving sales ramp up