FOOTHILL RANCH, CA, March 18, 2016 — Springboard Equity, Inc. today announced that SkinPhotoTextMatch, Inc. (SPTM), which has developed innovative new mobile and desktop apps that allow consumers to quickly identify their type of skin condition by photo and arrange an appointment with a dermatologist in their area, has launched on the Springboard Equity fundraising platform.
The easy-to-use apps, which are available free in Apple’s App Store, provide a professionally curated and guided digital health resource for consumers with concerns about skin conditions. The apps enable consumers to upload photos of their condition and automatically search a proprietary professionally curated “Wiki Skin Atlas” for information on their particular condition. In addition the photos are reviewed by the professional board certified dermatologists who suggest a consensus view of the consumer’s condition.
The apps do not prescribe treatment, but offer consumers professionally guided education about their skin inquiry. They also offer the names of board-certified dermatologists in their area and allow them to make an appointment with a healthcare provider of their choice, with whom they can establish a physician-patient relationship.
“We’re proud to be working with SPTM,” said Lyle Martin, CEO of Springboard Equity. “They are working with a high caliber team of dermatologists and other healthcare professionals, and we expect great success with their innovative platform.”
The company has multiple revenue streams that match and integrate seamlessly into three professional and consumer apps, including targeted product advertisements, appointment facilitation, clinical surveys, disease rooms, discussions, drug detailing, cosmeceutical dispensing, gamification collective intelligence engine API (Application Program Interface) leasing, sales and more.
SkinPhotoTextMatch inspired by dermatologists
The inspiration for SPTM came to Howard Green, M.D., founder and chief executive officer, at a medical convention in Orlando, Florida. In one session, all participants were given a transponder and were asked to identify photos of various skin conditions. The vast majority of dermatology professionals identified the skin photos correctly.
Dr. Green thought: “Why restrict this to a single room of dermatologists in Orlando? Why not include the entire world? A mouse or smart phone could be used by dermatologists around the globe to identity the condition presented in a photo.”
After the meeting, Dr. Green decided to gamify the process to motivate dermatology professionals to participate and compete. Since developing the SPRM apps, nearly 15,000 photos and and descriptions of various conditions have been loaded into the company’s integrated platform.
With no formal marketing program, SPTM has registered professional users from 76 countries and has held more than 13,000 sessions every month with dermatologists and consumers. In the last year alone, Wiki Skin Atlas (SPTM’s encyclopedia of skin conditions) and doctor-patient sessions have increased more than 300%.
About Springboard Equity
Founded by Lyle Martin, a seasoned healthcare executive with more than 20 years of experience in both the corporate and start-up environments, Springboard Equity is committed to revolutionizing healthcare through the private equity industry by democratizing early stage investing, connecting entrepreneurs to capital and fueling their growth into successful companies, while creating new investment and diversification opportunities for investors.