Vijay Paul, VantariVR - VR Training for Surgeons | LSI USA '24

Vijay Paul  0:00  
Vijay, hello, everyone. I'm Vijay Paul. I'm an emergency medicine doctor and co founder of vantara VR at vantaari, our mission is to eliminate medical error, especially related to procedures, and save patient lives. So vantari, what is it? It is a health technology company that uses a virtual reality training platform to train doctors, nurses, students and other healthcare stakeholders in how to do procedures in the safe, scalable environment we are before doing them on rural patients. Let's step back a little bit to find out what the actual problem is. So medical error overall costs a billion dollars, a trillion dollars in the US alone per year. 10% of that, so 100 billion is actually attributable to procedure related medical error. What is the reason for this? So a lot of you might know that the modality of training in medicine has not evolved for centuries, so it's still the apprenticeship model of training. It's c1 Do One, Teach One. So you're actually supposed to be under a supervisor, observe them doing your procedure, and then supposed to be able to do it under supervision soon afterwards, and then proceed from that to actually train your juniors in how to do that procedure, the kind of modalities of training we have right now are subjective methods, basically mannequin based simulation, or cadavers and animal Labs, which are fast getting phased out and are no longer accessible for most people into training. So our solution to this is to bring the concept of flight simulation as a flight simulator for healthcare. So we eliminate medical error, then by helping doctors, nurses, students and other healthcare stakeholders practice procedures before doing them on patients. How does it work? Basically, we are a software platform that's subscription based as A, B to B, SaaS company. It is a virtual training software where hardware agnostic. So we can work on any of the commodity hardware off the shelf, such as an Oculus quest or an HTC Vibe. So we have the headset. Then there's the link cable that actually connects to a laptop or a computer with the appropriate GPU requirements. And basically, once you launch the software, you completely immersed in a lifelike medical environment. You have a virtual patient in front of you, and all the required equipment needed to do that procedure. The patient is anatomically accurate, or the equipment is in front of you, and there is a user interface with a virtual trainer. What does that mean? So the interface actually has a stepwise, step by step guide on how to do any given procedure. So it actually explains to you, according to clinically accredited, validated, college accredited guidelines on how to do each procedure, such as the chest strain or a surgical airway or what have you. Now, as you do that, there's a virtual trainer. So pretend like your supervisor is over your shoulder, guiding you through as well. So there's an audio narration, and as you do it, each step ticks off, and on the back end, we are gathering data. So once you finish that session, you can actually go ahead and do it 50 times, 100 times, or you can actually come back to the lobby, select another procedure and do that one. Once you finish all your session, you can go back to look at your individual personal training record, and that training record is really powerful because it moves with you. And basically you can see how well you progressed. Now as an administrator or a director of Supervisor of training or director of a hospital, you can actually look at your entire cohort, so across residency programs or in the terms of medical device companies, if you want to use our technology, and we do use them in that way to look at all your sales representative or device representatives, or the physicians who are using this platform to train in how to implant certain medical devices. So in the environment, obviously there's scenarios and complications so the baseline procedure, but also what to do when things go wrong, and troubleshooting. There's performance tracking like I talked about, and it can be either collaborative or single user, and you can use it in a lot of ways, such as digital logbook was an accreditation platform. So it's is a great overview of the functional capability of the platform. Here it's been broken down, not according to somewhat according to procedures, but also according to the broader functional technology pieces that we have on the platform. You some of the key elements to note are differentiating factors, which is a completely sandbox simulation. So there's gravity, there's real world physics, there's real time imaging. Which for which we have a patent soft tissue deformation point of care, ultrasound and interesting training aids that you can't get in real life, like transparent patients pop up, pop up quizzes, etc, or anatomical labels on an ultrasound. I in preparation, we must calculate the catheter insertion distance based on the patient's metrics. You will feel the pulse in the approach. And important to talk about is the haptic framework associated with that. So as you use the controllers we've built in our custom, proprietary haptic engine that takes in resistance measurements through different types of tissue to the controllers. So you can actually lend that component in terms of muscle memory. Obviously, as the haptic love systems get better, we'll be looking to integrate that into our platform. And this is an example of the personalized dashboard with your performance metrics, either based on individualized metrics like we saw there, like angle, depth, position, or simple things like step completion and time. So the founding team, so it's myself, emergency doctor, my colleague, Nish, who's a surgical doctor, and Daniel Paul, who's our CTO, comes with a 30 year experience in 3d systems and high performance computing. Where are we up to? So we are actually commercialized across Australia, Europe and the US in key demographics, such as institutions, hospitals, pharmaceutical companies and medical device companies to talk of some of the important clients in those buckets. So we work with the likes of Boston Scientific Edwards life sciences and Sonosite in the medical device bucket, AstraZeneca and Janssen and Johnson and Johnson in the pharmaceutical bucket, and have a really impressive list of institutions that are using our platform in terms of residency training. So Yale School of Medicine, Johns, Hopkins, Harvard, BIDMC, Henry Ford Health, to name a few. To sum up, you know, we have many of the blue chip customers globally in all of these buckets. We are world leading technology. So our ultrasound system and dynamic imaging modality is the most sophisticated in the market and is also patented. It's also backed by evidence. So our platform is being researched around the world at different sites, and some of the headline numbers are 40% reduction in medical error as compared to traditional modalities of training. And we have a sophisticated ROI model that shows a significant health economic cost when you actually implement our platform into these institutions. We've unlocked global markets. So not only are we in those countries directly, we've also unlocked the Middle East and India from a distribution perspective as well. We heard this conference. Love to meet anyone, but also just want a headline. We're raising $15 million to actually attack the opportunity that is the pipeline and the next round of scale for vantari. We're a flight simulator for healthcare. We're clinician led, founded by doctors, evidence backed and patented. Now these major partnerships will be a driver for growth for us as both the channel partner, but also as we get more studies in multi institutions to actually scale more, we have a global vision, and we have great opportunity. So find me and have a chat with me. If you're interested. I'm around for the next three days. Thank you. Bye.