CortiCare Revenue and Competitors

CortiCare provides continuous EEG (cEEG) brain monitoring service to enhance the neurologic assessment of ICU patients. The market for this service is expansive, with 5 million patients spending 23 million days in the ICUs annually nation-wide, and approximately 15% of those are estimated to benefit from cEEG monitoring. CortiCare's service includes local set-up and remote brain monitoring of patients from a centralized hub by certified technologists, with a doctor's oversight. CortiCare will bill hospitals roughly $700 per patient, for every 24 hour period. This cost is fully reimbursable to the hospital through established CPT codes. CortiCare's service is highly beneficial to the clinician, patient and hospital administrator, as it will: - Improve patient outcomes (mortality rates) - Save an average size hospital over $750K in ICU costs annually by providing data that supports early patient release - Require no capital outlay by the hospital (equipment and personnel provided by CortiCare) - Provide income to the local physician/neurologist (Professional Component of Reimbursement) cEEG is highly beneficial, and is fast becoming a standard-of-care as proven by its adoption in leading university ICU's (UCLA, Columbia & Duke), as well as numerous publications calling for cEEG in ICU's.