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DigiPharm SIGNED

Value-based Healthcare Platform Secured with Blockchain Technology

Total Cost €

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EC-Contrib. €

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Partnership

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 DigiPharm project word cloud

Explore the words cloud of the DigiPharm project. It provides you a very rough idea of what is the project "DigiPharm" about.

national    company    sme    market    revenue    resistance    launch    administrative    headed    viability    performance    winning    award    area    infrastructure    digipharm    operation    risk    service    shift    software    2022    corporation    spend    2019    outcomes    patient    entry    determined    admin    update    disruptive    smart    reluctance    eliminates    economist    plan    technologies    confidentiality    755m    model    ten    solution    dph    inadequate    2026    full    expert    pressure    government    grant    eases    applies    business    total    validate    whom    stakeholders    platform    blockchain    cagr    health    18    contract    asses    transition    roche    people    introduction    burden    healthcare    cryptocurrency    competes    substantial    continued    un    price    conventional    accelerate    ceo    treatment    errors    11m    tool    professionals    payments    hindered    negotiation    team    switch    raised    dubai    barriers    oman    mitigate    frauds    initial    ahmed    cefact    incentive    abdulla    commercialization    pricing    drastically    uk    contracting    pakistani   

Project "DigiPharm" data sheet

The following table provides information about the project.

Coordinator
DIGIPHARM SWITZERLAND GMBH 

Organization address
address: HELVETIERSTRASSE 5
city: THERWIL
postcode: 4106
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Switzerland [CH]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-12-01   to  2020-04-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    DIGIPHARM SWITZERLAND GMBH CH (THERWIL) coordinator 50˙000.00

Map

 Project objective

The healthcare is under pressure to spend the resources efficiently and to shift to payments by using a 'value-based' approach, where the price is determined by treatment performance and patient outcomes. However, the transition is hindered by the inadequate infrastructure, the pricing confidentiality issues, and the resistance of some stakeholders against the change. DigiPharm aims to accelerate the value-based healthcare transition with a blockchain-based smart-contracting solution and a highly disruptive business model. The solution, the award-winning DigiPharm platform drastically eases the administrative burden, eliminates errors, and potential frauds in admin operation. As a new element in healthcare, DigiPharm has introduced a cryptocurrency (DPH), as a part of an incentive system. Within the total healthcare market, DigiPharm competes in the healthcare contract management software market that will reach $755M in 2019 with CAGR of 18% in the next years. The solution has raised interest from the UK National Health Service, Roche corporation, the Oman and Dubai Health Authorities, and the Pakistani Government, with whom the company is in negotiation to test the platform. The company would like to launch the full solution in 2022 with a revenue target of €11M by 2026, although they face substantial entry barriers, such as the reluctance to switch from conventional methods and the continued funding need. In order to mitigate the risk of market introduction, Digipharm applies for the SME Tool phase 1 grant to validate DigiPharm’s business viability, asses the further technical development needs, and the update our initial commercialization plan. Currently, ten people are involved in the project development, headed by Ahmed Abdulla, CEO, health economist, an expert at UN/CEFACT, supported by a team of professionals both from the business development area and the value-based healthcare technologies.

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The information about "DIGIPHARM" are provided by the European Opendata Portal: CORDIS opendata.

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