In this edition, we speak to Patrick Stepanek, COO & Founder of BIOS Medical. The company collects and uses data to monitor crucial health parameters, detect diseases and complications early, inform diagnostics and therapeutic decisions as well as predict and prevent pathologies, to improve human life. Learn more about their entrepreneurial journey below.
Tell us about your company.
Patrick: BIOS Medical strives to transform hip fracture from a life-threatening event to a manageable episode. 25% of hip fracture patients die within the first year after injury. 15% need to be admitted to care-homes permanently. Mobilization is key for recovery. The HIPbeacon sensor will reduce hospitalization length, nursing home submission and death rates by providing continuous mobility data for remote rehabilitation monitoring.
HIPbeacon is the world's first implanted hip mobility sensor.
Patients get a personalised journey:
Early and tailored mobilization
Improved safety by continuous monitoring
Early detection of harmful events
Minimal hospitalization time and earlier return home
Less in-person follow up visits due to remote monitoring
Peace of mind
While physicians and care-givers can efficiently navigate the wave of fragility fractures:
Reliably identify patients at need
Tailor individual protocols
Control effectiveness of treatment
Supervise patients continuously and remotely
What made you become an entrepreneur?
Patrick: Markus has contributed to the field of orthopedics and in particular fragility fractures in both academic research and product development for almost 20 years. Over time the need to create real-world patient benefit vs scientific publications became ever stronger. In medical devices there is the famous “valley of death” between bench and bedside. Entrepreneurship simply offers the most effective way for bridging this valley and translating scientific findings into improved patient care.
What is the most challenging part of running your own startup?
Patrick: Challenges await around every corner. Solving unforeseen problems and learning something new every day is our challenge – but it’s also a lot of fun!
What is the biggest challenge you have faced when looking for funding?
Patrick: Boiling down all of our detailed knowledge, experience, passion to make an impact into a message that connects with investors on both a factual and emotional level.
What is the most rewarding aspect of entrepreneurship?
Patrick: Start with an idea in your head and see your “child” be born, grow and flourish is probably something that fuels every entrepreneur. To witness a substantial impact on a person’s life as a result of your blood, sweat and tears will be the ultimate reward though.
Learn more about BIOS medical on their website: https://www.biosmedical.care/.