The Statum Systems Inc. offering is now closed and is no longer accepting investments.

Statum Systems Inc.

Secure Medical Communications

Statum Systems Inc.

Secure Medical Communications

Natick, MA
Health Tech
Statum Systems provides a patent-pending solution for a critical issue plaguing healthcare delivery: fragmented and unreliable communication among medical teams. Developed by medical professionals frustrated with the communications tools currently available to them, the StatumHEALTH™ platform empowers all healthcare practitioners to communicate and collaborate using a unified smartphone app to provide more efficient and effective caregiver outcomes.

$229,632

raised
274
Investors
$5M
Valuation
$1.00
Price per Share
$250.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left

$229,632

raised
274
Investors
$5M
Valuation
$1.00
Price per Share
$250.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on December 17, 2020 and is no longer accepting investments.

Reasons to Invest

Created by doctors for a communications solution essential for today's health care environment. Advised by several leading healthcare experts including by Dr. John Halamka, president of the Mayo Clinic platform
Innovating breakthrough medical communications technology with 8 patents pending and more to follow
The worldwide demand for the best possible healthcare grows with urgency as the global market for Clinical Communication and Collaboration Systems is expected to grow to $5 billion by 2027

“Smart communications. Superior care”

The Problem


Miscommunication, missed communication

Caregivers often juggle multiple communication tools such as pagers, hospital landlines and smartphones in order to care for patients. Miscommunication is a common cause of medical errors and medical errors result in over 250,000 deaths every year in the U.S. (source).


Pagers are still used by nearly 80% of hospitals but, based on the experience of our medical team members, reliance on separate paging devices is one of the key reasons for faulty medical communications (source). Healthcare professionals can violate HIPAA by using common text messaging services due to lack of encryption and security. Moreover, significant time is lost toggling between these different devices and means of communication. These communication inefficiencies result in over $11 billion in wasted costs by hospitals every year (source). 

The Solution


A smarter solution on a single device

We developed the StatumHEALTH platform to unify and simplify medical communications. StatumHEALTH allows all clinicians, administrators and hospital staff to collaborate and communicate from a single smartphone device. StatumHEALTH optimizes cellular, WiFi and pager channels, combining the best of dedicated text messaging, voice communication and cloud-based systems into a reliable, HIPAA compliant, encrypted and secure platform. StatumHEALTH even offers an optional ID Badge holder that captures low frequency pager signals, ensuring caregiver connectivity even when WiFi or cellular service is not available.

The Market


An urgent need for stronger healthcare

The worldwide demand for the best possible healthcare grows with urgency as the global market for Clinical Communication and Collaboration Systems is expected to grow to $5 billion by 2027 (source).

Our current target market are the 6,000+ hospitals and medical practices in the U.S. (source). With approximately 1 million doctors in the U.S.,  over 3 million nurses and over 6 million total hospital employees, we have the potential for millions of users (source). Statum’s technology can also expand beyond healthcare, applicable to the most crucial first-responders such as public safety, disaster relief, private network security and defense.

Our Traction


Trusted by medical leaders and ready for testing

Statum Systems is advised by a key international medical technology influencer, Dr. John Halamka, President of the Mayo Clinic Platform, who is a member of our team of medical and technical advisors.


We have filed 8 total patent applications to protect our unique technology. The current version of the StatumHEALTH software platform has been developed, along with our optional hardware device that captures powerful low frequency pager signals, ensuring connectivity with or without cellular data and WiFi.


Statum Systems has been recognized by Tech Healthcare Outlook as a Top Patient Engagement Solution Provider for 2020 (source).

StatumHEALTH has been through two phases of individual testing by doctors, nurses and specialist practitioners, resulting in a solution ready for field use. Our product is set for beta-testing as hospitals seek new technologies following the peak of the COVID-19 pandemic. Statum Systems is poised to begin its first field tests with major U.S. medical practices in the near future.


We’re on track to reach key milestones such as launching our first commercial release in 2021, following the completion of further field tests and the expansion of post-COVID hospital operations. 

What We Do


Clear medical communication between care members

Our platform unifies all wireless networks in an ultra-reliable, secure, and intuitive mobile app and cloud-based enterprise solution. It eliminates the need for a separate pager or hospital portable phone.

Here’s how it works:


Our clients obtain credentials for each user, including doctors, nurses, administration and more. Users then download and communicate through the StatumHEALTH app on their smartphones. We also offer the StatumHEALTH card, a device connected to traditional pager systems allowing for immediate communication without cellular data and WiFi connectivity.


video

Behind the scenes, Statum’s team will help integrate the StatumHEALTH platform to the hospital’s electronic medical records to access key patient information, hospital directories and caregiver schedules. StatumHEALTH simplifies workflow with its scheduling integration. Patient Care Sessions, the heart of the collaboration features, allow various medical professionals to seamlessly collaborate on each patient’s care. 


StatumHEALTH streamlines the hospital communication process so that physicians, nurses, or other specialists can focus on providing the best possible patient care.

video

This image is a prototype. The final version of the StatumHEALTH card is in development.

The Business Model


B2B, Software-as-Service Subscriptions

With our software-as-a-service subscription model, each client pays a monthly subscription fee ranging from $10 to $20 for each user of the StatumHEALTH platform.


We will receive professional services fees, ranging from $10,000 - $100,000 depending on the size of each institution, for the implementation of the system and integration to the client’s electronic medical records (EHR), telemedicine and other internal systems


We charge a one-time or recurring fee per user for our optional hardware device to capture pager signals and supply them to the smartphone application.

How We Are Different


Optimized, protected solutions at the palm of your hand

We compete with other medical communications applications that are often fragmented, complicated or not secure. Our platform is fully-integrated and presents a unified, secure solution for medical caregivers and staff. We provide the sole enterprise-class collaboration solution that lets users receive pager messages directly to their devices even without WiFi or cell coverage.


StatumHEALTH uniquely enables medical professionals to use their own smartphones through a succinct, singular interface, all while protecting critical information systems, privacy and maintaining HIPAA compliance.


Our Patient Care Sessions utilize intelligent routing so medical team members are always included in key patient dialogues, while streamlining workflow and protecting the privacy of the medical provider and the patient. 

StatumHEALTH constantly collects communications and workflow data, enabling medical center leadership to improve performance, identify trends and raise quality.

This chart has been developed from internal company sources and has not been validated by third party sources.

The Vision


Eliminating critical communication errors to provide the best possible care

Our vision is to eliminate errors due to medical communication and miscommunication and proactively protect the lives of patients everywhere. Our goal is to have at least 3 beta tests completed and StatumHEALTH ready for launch by the end of 2020, as hospitals emerge from the coronavirus pandemic. In early 2021, we plan to launch the commercial release of StatumHEALTH through an enterprise sales team to US hospitals and medical practices, as well as enhancing our software using AI and machine learning data analysis tools to improve medical productivity. The large volume of unique anonymous data collected and analyzed by StatumHEALTH will be critical to improving patient-centric care and overall medical center operations.


In 2022 and beyond, we plan to extend our target market by introducing our technology to international markets and licensing the unique StatumHEALTH card to third parties for wider use, generating an incremental revenue stream to Statum Systems.


And it doesn’t stop there. We foresee Statum technology impacting other sizable markets in need of reliable communication tools such as first responders, public safety, disaster relief, private network security, homeland security, defense and more.

International market and entry into non-medical industries are future goals. Actual results are not guaranteed.

OUR LEADERSHIP


The strongest minds in medicine and software innovation

Our team combines medical knowledge with successful tech industry expertise.  Founders Ara Nazarian and Stephen Okajima are experts in biomedical engineering while founder Arman Serebrakian is a practicing surgeon. Leadership team members Fred Lizza and Per Suneby have held numerous CEO and senior management positions in startup technology and SAAS businesses while founder Aris Gregorian is a patent attorney and electrical engineer.


We are supported by a world-class team of advisors including, John Halamka -- President of the Mayo Clinic Platform, and Bob Stearns - Former Chief Technology Officer at Compaq Computers. We have built a core team of experienced software developers to provide maximum productivity at an effective cost.

Why Invest


The world needs improved healthcare communications technology ...now

The COVID-19 pandemic highlighted the dire need for secure, unified medical communication and collaboration, a vision shared by the company and its medical

advisors. We envision the timely and critical services provided by StatumHEALTH as an integral part of the “new normal” for hospitals and medical practices following the peak of COVID-19 activity. 


Investing in Statum Systems is a way to directly and impactfully help medical providers deliver better care. We all know, or will know, someone who will need medical care in the near future, and StatumHEALTH can help ensure the care they receive is the best it can be.

In the Press

Healthcare Business Today
January 1, 2017

Medical Communication Challenges in the Time of COVID

Health IT Answers
January 1, 2017

Preventing the Cost of Medical Miscommunication During Covid

Healthcare Tech Outlook
January 1, 2017

Statum Systems: Breaking Healthcare Communication Barriers

Offering Summary


Company

:

Statum Systems Inc.

Corporate Address

:

8 Pleasant Street South, Unit D, Natick, MA 01760

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,070,000.00

Minimum Investment Amount

(per investor)

:

$250.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

10,000

Maximum Number of Shares Offered

:

1,070,000

Price per Share

:

$1.00

Pre-Money Valuation

:

$5,000,000.00











COVID Relief

This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary regulatory COVID-19 relief set out in Regulation Crowdfunding §227.201(z).

Expedited closing sooner than 21 days

In reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and February 28, 2021, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).

Voting Rights of Securities sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Company Perks*

Super Early Bird Bonus - Invest within the first 5 days and receive 10% bonus shares

Early Bird Bonus - Invest within the next 10 days and receive 5% bonus shares

Bronze: ($500 minimum investment) Statum Systems hat

Silver: ($750 minimum investment) Statum Systems sunglasses and hat

Gold: ($1,250 minimum investment) Statum Systems Patagonia Fleece vest

Platinum: ($5,000 minimum investment) Dinner meeting with Founders and Executive team in Boston, MA, plus Statum Systems fleece vest. Terms: Investor responsible for own travel & living expenses

Diamond: ($25,000 minimum investment). One day ski clinic with Statum Systems Co-Founder and Olympic downhill skier Dr. Arman Serebrakian. Terms: Investor responsible for own travel & living expenses. Statum provides lift ticket, lunch and one day on-slope clinic with Dr. Arman Serebrakian. Date and location to be mutually agreed between investor and Dr. Serebrakian.

*All perks occur when the offering is completed.

The 10% Bonus for StartEngine Shareholders

Statum Systems Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of common stock at $1/ share, you will receive and own 110 shares for $100.00. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments.

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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$85,082.00 USD
$43,605.00 USD
Cash And Cash Equivalents
$74,984.00 USD
$43,605.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$130,458.00 USD
$6,346.00 USD
Long Term Debt
$765,005.00 USD
$60,000.00 USD
Revenues And Sales
$0.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$795,659.00 USD
-$22,941.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

FINAL HOURS

7 months ago

Closing at end of day...thank you for your support and in helping us to bring this much needed new technology to medical centers and hospitals.

Final Hours of the Statum Systems Campaign - Invest in technology to improve medical communications and productivity

7 months ago

Today is the final day of the Statum Systems campaign on StartEngine.  Support us in bringing unified, secure communication and collaboration to the medical community, reducing communication errors and delays and streamlining patient care workflows.  It's so important in today's climate!

ONLY A FEWS HOURS REMAINING - ACT NOW!

Healthcare Infrastructure - The COVID-19 pandemic launches the biggest technology replacement cycle since Y2K

7 months ago

The COVID pandemic has triggered many medical centers to relook at their technology infrastructure as they struggle with high caseloads and care provider burnout.  I predict the result will be the largest event-driven technology replacement cycle since Y2K, and its already begun.  

See my latest article covering this topic in Healthcare Business Today: https://www.healthcarebusinesstoday.com/is-covid-19-the-y2k-of-healthcare-it/

PS - Only one day left to invest in Statum Systems - Act NOW



One week left for Statum Systems campaign - Improving patient care through smarter medical communications

8 months ago

The COVID pandemic is still raging but our health care providers are suffering from fatigue and burnout.  Statum Systems is dedicated to improving the fragmented medical communications infrastructure to streamline workflows and help remove some of the administrative burden from our critical medical care workers, freeing up time to focus on patients and alleviating frustration.  

This is the final week of our campaign, which ends December 16th. Your support is timely, and greatly appreciated.  

We are approaching the close of our campaign - act now!

8 months ago

All good things come to an end.  We love reaching out and raising money on Start Engine and having our campaign featured on the site, but the Statum Systems campaign is closing in 12 days, on December 16th.   We will continue to keep you updated through the last days of our program.

Act now to get your investment approved and authorized prior to the closing date. 

Statum mentioned in article on millennial entrepreneurs impacting healthcare

8 months ago

Statum Systems and co-founder Dr. Arman Serebrakian get a mention in the latest edition of Healthcare Business Today. Read about it at https://www.healthcarebusinesstoday.com/how-millennial-entrepreneurs-are-lending-hipster-culture-to-healthcare-startups/

New version of StatumHEALTH

8 months ago

Statum Systems has launched a new version of its StatumHEALTH platform.  Based on feedback from several focus groups of doctors and nurses at leading US medical centers, StatumHEALTH now features a streamlined workflow that empowers caregivers to easily and immediately reach colleagues to consult on specific patient care topics and issues. The optional StatumHEALTH pager-frequency receiver keeps caregivers in touch at all times, even where cellular and Wi-Fi service are not available. The new version of StatumHEALTH is ready for use as pilot accounts come onboard.

Notice of Funds Disbursement

8 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Statum Systems Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Statum Systems Inc. be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Statum Systems founder profile now published on Kingscrowd

9 months ago

Crowdfunding ratings and analytics platform Kingscrowd has published an online interview and profile of Statum Systems founders Ara Nazarian Ph.D. and Dr. Arman Serebrakian.

Here’s the link to the profile:
https://www.kingscrowd.com/founder-profile-statum-systems-ara-nazarian-arman-serebrakian/

Statum Systems in the News - Again!

9 months ago

Statum Systems continues to get market and media attention.  See our latest press coverage in a Healthcare IT publication: https://hitconsultant.net/2020/10/20/pagers-smartphone-wed/

New podcast from Co-Founder Dr. Arman Serebrakian, M.D.

9 months ago

Don’t miss the podcast from Statum Systems Co-Founder and former Olympic ski racer Dr. Arman Serebrakian, M.D., featured on 10 Minute Healthcare BizCast:

https://www.buzzsprout.com/974386/4643687-arman-serebrakian-of-statum-systems?play=true

StatumHEALTH a top Patient Engagement solution

10 months ago

It’s a wrap!   Statum Systems Inc. is proud to announce it has been recognized as a “Top Patient Engagement Solution Provider” by Healthcare Tech Outlook magazine. See Statum Systems included in the Top 10 at https://patient-engagement.healthcaretechoutlook.com/vendors/patient-engagement-solution-companies.html

 

This selection, our first so far, recognizes the potential benefits and value of our  StatumHEALTHtm  platform.   HIPAA compliant and secure, StatumHEALTH streamlines collaboration workflows and increases caseload efficiency with fast access to medical systems (like EHR) and the ability to quickly reach the right person by voice, text or video from a regular smartphone.       

“Caregivers are forced to toggle between pagers, smartphone apps, hospital systems and telephones to access EHR and collaborate with colleagues,” said Dr. Arman Serebrakian, a Boston-based surgery resident and Statum co-founder. “Our platform was developed to make communications less fragmented and a lot more reliable.”

Diagram, shape

Description automatically generated


Statum's first patent has now been approved!

10 months ago

We are happy to announce that Statum Systems Inc. has just been awarded our first patent!


We’re very excited about the allowance for this patent, the first of a series of eight patent applications that we’ve filed covering key features of our disruptive medical communications technology.  

 This initial patent protects a key layer of our solution that differentiates us from others in the medical communications market.  The patented technology relates to features of Statum System’s innovative StatumHEALTHtm unified medical messaging platform, in which pager-frequency messages directed to a user within a patient-care chat or collaborative dialogue may be received by an auxiliary device and then displayed directly in the StatumHEALTH app on the user’s mobile device. 

 

Protecting our innovations and intellectual property is a key part of our growth strategy, and this patent is a significant first step in that process and validates our position as an innovator in this market segment.

 

In addition, listen to   one of our founders, Dr. Arman Serebrakian, in this new podcast:  https://www.buzzsprout.com/974386/4643687-arman-serebrakian-of-statum-systems?play=true

 

Read our latest press coverage in Healthcare Business Today: https://www.healthcarebusinesstoday.com/pagers-forgotten-but-not-gone/

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