Ryan Howard talks about iBeat, the hottest new smart watch that can save your life.
Worried about dying of a heart attack? Worried about losing a parent or another loved one to a sudden heart attack? You’re not alone. Every day, 2,200 people die from heart diseases, that’s nearly 800,000 Americans each year, or 1 in every 3 deaths. There are about 1.5 million heart attacks and strokes each year causing 1 in every 3 deaths. So imagine a smartwatch that can save your life? That’s the mission of Ryan Howard with his new tech venture iBeat. In this podcast learn all about iBeat, how it works, the new model of Heart Heroes and the inspiration to start this new venture. You’re going to want your own watch after hearing the podcast!
Ryan is a social entrepreneur with a focus on delivering better health and saving lives through the use of technology. His new venture iBeat is a technology company empowering people with the freedom to be fearless, take risks, explore, and live longer lives. From a life-saving health records platform to a life-saving Wearable-as-a-Service™, the iBeat team is comprised of several former Practice Fusion veterans dedicated to improving health outcomes and helping pave the future of care delivery.
The company is currently building a breakthrough wearable iBeat that perpetually monitors and analyzes users’ 24-7 heart activity. In the case of a life-threatening emergency, iBeat will instantly alert the user, their loved ones, and emergency responders in real-time, helping ensure immediate care delivery and potentially saving the user’s life.
Key Questions answered and highlights:
1. Tell us your backstory of Ibeat. Why did you create it? (1:29)
– Life is a balance of health, wealth and love
– He searched if there was a technology to detect if someone is living
– Life alert needs you to to be close to home
2. How did it work from a consumer standpoint? (5:28)
3. How would it work? (7:12)
– This isn’t just a standard screen.
– It has a single button and can reach to 911 or an emergency contact
– They track heart rate and pulse rate but also tracks chemical of the body such as oxygen in the blood
– It detects something is wrong with your body and notifies a network if something happening to you is catastrophic
4. Have you partnered with the heart association center as well? (11:32)
– They’ve been in contact with different organizations
5. Will there be some compensation from someone to instead of up and leave whatever they’re doing to save a life? (12:47)
– This is a full volunteer network
6. How does it work on the backend and why do you think this hasn’t happened yet? Why hasn’t it been done before? (13:05)
– Why not put a provision into an app?
– 2-3 companies are leading but not making it better
7. What is the cost for the consumer? (17:47)
– $249 for the watch
– Service will cost $20 per month
– It has a speaker but it would be a different call
8. Who are you targeting with this watch? (19:20)
– The single biggest indicator of health is your economic status
– The majority of users are in their 50’s & 60’s
– 2 and a half percent in their 70’s have a life alert device
9. Are you in talks with insurance companies to cover it? Do you have a doctor recommend it? (23:50)
– Insurance is not a good strategy to give to a patient or doctor because it usually concerns a 3rd party
– Insurance is not really aligned with living longer.
10. Where are the future & where do you want to go with ibeat? Is it just going to be heart-centric, heart attack prevention-centric? Are you thinking further ahead? (28:54)
– We want to know if you’re alive or not
– The average lifespan of males in America is 76 years old
– You can put something on your wrist that can buy you more time
11. How’d you get Dr. Oz a strategic part of the company? (31:34)
– We wanted someone that had an experience like Dr. Oz
12. How many smartwatches can someone wear? How do you position yourself with other watches? (35:28)
13. To what extent do you think it’s going to be a watch that inspires and motivates you during the day? (43:27)
– Not too much into fitness, but be more functional and the focus is on safety
– This is not diagnosed with cardiac arrest
– It is programmed if your heart slows down or stops
– It is marketed as a monitor
14. Any last words of advice for entrepreneurs listening to the podcast? (49:04)
– There are a lot of problems out there
– Be in service to others
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