aiCMS

aiCMS We Innovate to Ascend Healthcare.

Healthcare Information Technology Digital SAAS Technology Wellness & Lifestyle
Live
  • RM 527,031
    51% of the Min.Target (RM 1,040,391)
  • 6
    Investors
  • RM 299,925
    Largest Investment
  • 27 days
    Left to Go
27 days Left to Invest
  • Equity - RCPS
  • ~ up to 21.19%
  • RM 9,300,000
  • RM 1,040,391
  • RM 2,501,235
  • -
  • ASCENSION INNOVATION SDN. BHD.
  • NO. 2A-1, JALAN PUTRA MAHKOTA 7/5B, PUSAT BANDAR PUTRA POINT, PUTRA HEIGHTS, 47650 SUBANG JAYA, SELANGOR D.E.
  • 1495667­T
What's New
2
Q&A posted
  • Through creation of our aiCMS ecosystem,We aspire to become a significant player in the healthcare tech industry, ultimately improving all stakeholder
  • Mission is to design and to provide the next generation healthcare digital solutions for the improvement and enhancement of patients’ journey.
  • We collaborate with all stakeholders by addressing the inefficiencies in the entire healthcare delivery spectrum.
  • aiCMS is the first clinical management system that comes with a healthcare companion app, aiCare.

Summary

The Ascension Platform is an integrated healthcare system for patients, clinics, doctors, specialists, employers and employees. It’s an all-in-one Clinical Management Ecosystem. Through this platform, we connect healthcare practitioners to healthcare consumers via a cutting-edge technology, aiCMS. We innovate to ascend healthcare and we believe healthcare should be collaborative.

Problem

 

  • Reduced Comfort.

Individuals who are feeling unwell and require medical consultations must commute from their residences or offices to the clinic. Upon reaching the clinic, finding suitable parking might pose a challenge. In certain cases, patients may have to park at a considerable distance and walk a substantial way, further worsening the discomfort experienced by the already unwell individuals.

  • Prolonged Waiting Period.

Most times, there is a long queue at the clinic, with patients patiently awaiting their turn for medical attention. Unfortunately, this extended wait exposes them to potential health risks, such as germ exposure.

  • Mobility Issue Among the Seniors.

The senior population seeking healthcare services may face challenges related to mobility, which can make it difficult to travel to medical facilities or access traditional care options, resulting in reduced access to necessary healthcare services.

  • Lack of Continuity in Healthcare Communication.

Following the initial consultation, the patient's condition did not improve despite undergoing the prescribed medication or treatment. Regrettably, the patient faces difficulty in reestablishing contact with the healthcare professional for further guidance or assistance.

  • Industry-Wide Issues on Locums Engagement.

The engagement of locums is often managed through informal channels such as WhatsApp and social media, leading to daily operational issues such as no-shows and double bookings.

Solution

  • Tele-consultation.

Our service offers seamless engagement through a companion app (aiCare) and portal (aiCMS), empowering patients to select their preferred healthcare providers. Through teleconsultation, patients can easily connect with doctors and healthcare professionals, receiving e- prescriptions, and they can then proceed to the nearest pharmacy to purchase the medication. The younger generations, especially the millennials will embrace this innovative concept and are poised to accept and appreciate this future-ready healthcare service.

  • Home Care Services.

Our revolutionary aiCMS platform facilitates doctors visiting patients in the comfort of their homes. This service is also a blessing for the elderly, sparing them the need to venture outside for doctor consultations. Presently, patients often incur high costs to engage a doctor for home visits, as intermediaries demand substantial fees, leading to higher charges from the doctors. With aiCMS, we are disrupting this prevailing trend by removing the intermediary charges, thereby significantly reducing the associated fees and making home healthcare visits much more affordable and accessible for both doctors and patients.

  • Queue Management System (QMS) Integration with aiCMS.

Our cutting-edge QMS is seamlessly integrated with our comprehensive aiCMS, revolutionizing the patient experience at doctors' clinics. Developed by our CEO, himself, the QMS employs advanced predictive algorithms, attaining an impressive 80% accuracy in calculating waiting times. Prior to their clinic visit, patients can access real-time queue information through our user-friendly app, allowing them to make informed decisions about their check-in timing. To maintain patient privacy, the queue displays the number of patients in line without revealing their names. This innovative approach enhances efficiency, transparency, and convenience, ensuring a smoother and more satisfying healthcare journey for all our patients.

  • Preventing Patient Attrition.

Our platform establishes a strong partnership between clinics and doctors, eliminating the need for patients to shop around for healthcare providers. By fostering these ties, we enhance trust and rapport between healthcare professionals and patients, ensuring greater patient retention and loyalty.

  • Family Health Manager.

With our integrated solution, you not only manage your individual health but also oversee the well-being of your loved ones. Whether you are a parent with children or a caregiver for elderly family members facing mobility challenges, our app's Family Link feature allows you to connect and monitor their medical history effectively, ensuring timely actions and personalized care.

  • Locums Engagement Program through:
    (1) Transparent Engagement: A digital job posting platform can provide greater clarity and
    transparency for locums seeking to engage with clinic job opportunities
    (2) Resource Planning: Portal + App based scheduling program to manage availabilities of locums without the use of social media
    (3) Quality of Services: Clinic owners can verify the credentials of locums prior to engaging their services, ensuring that they meet the necessary qualifications and requirements for the position.

Product

  • aiCMS (Clinic Management System) – Next Generation Clinic Management System
    aiCMS is our state-of-the-art digital assistant and management ecosystem, paired with a user- friendly companion app, aiCare, which empowers doctors to enhance patient engagement and communication. Patients can experience a new level of patient care with this next-generation solution. This platform is designed to facilitate seamless integration into clinic’s workflow, with an intuitive interface that requires minimal training to master. You may type or handwrite notes using a stylus, aiCMS provides a flexible and user-friendly solution that meets the doctors’ needs.
  • This platform is so versatile that it can be used in multi disciplines, i.e. General Practice, Antenatal Care, Dental Practice, Occupational Health, Mental Health and Wellness Practitioners.
    Doctors are able to manage their clinics, whether single or group practice, effectively and efficiently because of these functions in the system:
  1. Electronic Medical Record (EMR)
  2. Appointment System
  3. Intelligent Queue Management
  4. Reports & KPI Tracking – track performance of clinic or group in real-time and presented in
    sophisticated infographics
  5. Inventory Management
  6. Chat & Video Consultation with patients
  7. Excellent collaboration tool for knowledge sharing
  • aiCare: Patient’s Healthcare Companion App - Elevate Patient Engagement Experience
    Our patient-centric, free companion app seamlessly integrates with our clinic digital assistant, aiCMS, making it the perfect post-care engagement tool for the clinics. By leveraging this tool, healthcare professionals can create a pleasant clinical experience that enhances patient satisfaction.

This app has many innovative functions:

  1. Make appointments via in-app online scheduling
  2. Chat and in-app Video Consultations with healthcare professionals
  3. Patient and Family Medical Profile Management, which can be accessed from any location o Medication Notifications for patients
  4. Vaccination Tracker – Vaccination schedule
  5. Family Link – Manage family’s health and medical condition
  6. Emergency SOS
  7. QR Code – easy check-in at counter
  • Occupational Health & Safety (OHS) Compliance Solution. Collaborate with OHS Doctors to provide comprehensive service delivery. With a growing market demand for companies to adhere to OHS regulations, such as chemical and noise risk assessments, DOHS (Department of Occupational Safety and Health) serves as the regulatory body overseeing these requirements. Currently, companies manage these records manually, necessitating a 30-year retention period. Our system offers a practical solution by enabling employers to securely store these records at a minimal fee while providing DOHS with easily accessible soft copies for enhanced efficiency and compliance. And we are proud to acknowledge that we are the first organisation to provide OHS Compliance Solution digitally.
  • Locums Engagement Program. It’s our portal-based management system. Designed to address locum no-show issues. By registering on the app, doctors, pharmacists, and nurses can participate in this program, ensuring greater reliability and efficiency in locum engagement.

Traction

 

We are thrilled by the positive momentum we have achieved in the past few months.

  • As of 14 September 2023, Order Book Values at RM849,072 and Revenues at RM370,010 from 13 customers.
  • In the 3 months-period from June 2023 to September 2023, we have successfully onboarded 19 clinics (comprising 15 General Practitioner Clinics, 1 Physiotherapy Centre, and 3 Dental Clinics/ 9 clinics in the Klang Valley, 1 clinic in Negeri Sembilan & 9 clinics in Johor.)
  • Our CMS has been used by clinics for the past three years. Our success can be attributed, in large part, to the favorable feedback we have received from our clients and users. They value our dedication to offering a cutting-edge, convenient, effective, and secure platform for both healthcare professionals and patients.
     

We're excited about the future of Ascension Innovation and remain steadfast in our commitment to delivering exceptional care to our clients.

Customers

Business Model

Market

Competition

Our core competency is to collaborate with healthcare providers to fulfill market-driven needs via our digital ecosystem. We do not compete with the existing healthcare providers but we strengthen them by giving them the tools to be competitive.

  • First Mover Advantage.

An existing app that is already functioning effectively and efficiently. aiCMS is state-of-the-art, affordable and future-ready. Our solution is designed to create a positive digital experience for doctors and enhance patient engagement. With user-friendly tools that are both innovative and easy to learn, doctors can just focus on delivering exceptional care towards their patients. aiCMS automates and streamlines repetitive tasks with minimum staff. Additionally, it’s a patient EMR that healthcare professionals are familiar with.

  • The Way Forward.

Amidst the COVID-19 Pandemic, contract tracing apps, e-commerce, and e- Wallet payments have witnessed a surge, reshaping our digital landscape. Post COVID-19, this trend has accelerated, leading to a profound digitalization of lifestyles and widespread adoption of mobile apps. Embracing this transformative shift, our approach and mindset are fully aligned with this dynamic phenomenon, as we envision a future where digital innovation paves the way forward for a more connected and accessible world.


“Hospital services at home could be a norm in five to 10 years” – The Straits Times, Singapore, 28 July 2023


According to this article, telehealth will become more sophisticated, artificial intelligence (AI) will improve care and relieve doctors’ and nurses’ workloads, and patient care will be more precise. National healthcare technology agency Synapxe, supports the operations of 46 public healthcare institutions, including acute hospitals, specialist centres and polyclinics, as well as 1,400 partners, such as community hospitals, nursing homes and general practitioners. The agency is truly shaping the future of health tech in Singapore.
This further highlight that Ascension Innovation is innovative and future-ready.

  • Healthcare – the Right Industry.

Healthcare stands as one of the most prominent and rapidly evolving industries in the 21st century. Fueled by technological advancements, telemedicine, and digital health solutions, healthcare is becoming more patient-centric and accessible. The aging population and the rise of chronic diseases present both challenges and opportunities, driving research and development in pharmaceuticals and medical devices. The global pandemic has emphasized the importance of healthcare infrastructure and data analytics, while preventive and holistic approaches gain traction. The future of healthcare holds immense potential to transform lives, societies, and the world, making it an industry ripe with opportunities for positive impact.

  • ESG-Oriented Company.

As an ESG-oriented company, we prioritize environmental, social, and governance factors in our operations to create a positive impact on society and the world.
Environment: We champion sustainability through our digital platform, reducing paper usage and minimizing our ecological footprint. By embracing technology, we streamline processes and promote eco-consciousness, aligning our practices with environmental preservation.


Social benefits form the heart of our mission, as we strive to make healthcare more affordable and accessible to all individuals, regardless of their socioeconomic background. Through innovative approaches, such as telemedicine and mobile doctor programs, we break down barriers to healthcare access, ensuring that quality medical services reach even the remotest areas. Our commitment to social equity fosters a healthier and more inclusive society, where everyone can enjoy the benefits of modern healthcare.


Governance lies at the core of our ethical principles. We adhere to strict checks and balances, ensuring transparency, accountability, and integrity in all our operations. Regular reviews of financial accounts and ethical conduct safeguard the interests of our stakeholders, instilling trust and confidence in our practices.

  • Robust Management Team.

Andrew, Penny and Allan, our esteemed Directors, bring a wealth of expertise to the table, each in their own specialized domains. Working hand in hand, they form an invaluable team that spearheads the growth and development of Ascension Innovation. With their combined talents and unwavering dedication, Ascension Innovation is positioned for continued success and prosperity in the healthcare industry.

Funding

Vision

Founders

Team

Investment Terms

Disclosure

  1. pitchIN and its officers and staff may also be investing in this campaign
  2. Under ECF Guidelines, valuation is determined and set by the Issuer. Investors are advised to carefully peruse all investment offers and documents before making investment decisions.
  • Equity - RCPS
  • ~ up to 21.19%
  • RM 9,300,000
  • RM 1,040,391
  • RM 2,501,235
  • -
  • ASCENSION INNOVATION SDN. BHD.
  • NO. 2A-1, JALAN PUTRA MAHKOTA 7/5B, PUSAT BANDAR PUTRA POINT, PUTRA HEIGHTS, 47650 SUBANG JAYA, SELANGOR D.E.
  • 1495667­T

News

BioNexus Gene Lab Corp. Bersetuju untuk Melabur RM 1.2 juta dalam Ascension Innovation (AISB) untuk Memajukan Inovasi Kesihatan Digital menerusi penerimaan AI dalam Penjagaan Kesihatan
Fri, 19 Apr 2024

KUALA LUMPUR, Malaysia, April 20, 2024 (GLOBE NEWSWIRE) -- BioNexus Gene Lab Corporation (NASDAQ: BGLC), peneraju global dalam diagnostik genomik dan teknologi penjagaan kesihatan, mengumumkan pelaburan strategik melalui anak syarikat milik penuh mereka, MRNA Scientific Sdn Bhd, dalam Ascension Innovation Sdn Bhd (AISB), sebuah syarikat persendirian di Malaysia. Pelaburan ini menegaskan komitmen BGLC dalam memajukan penyelesaian penjagaan kesihatan menerusi AI dan analisis ramalan termaju.

BioNexus Gene Lab Corp. Agrees to Invest RM 1.2 million in Ascension Innovation (AISB) to Advance Digital Health Innovation through AI adoption in Healthcare
Thu, 18 Apr 2024
BioNexus Gene Lab Corp. Agrees to Invest RM 1.2 million in Ascension Innovation (AISB) to Advance Digital Health Innovation through AI adoption
BioNexus Gene Lab Corp. Announces Closing of $5.75 Million Public Offering and Full Exercise of Over-Allotment Option and Uplisting to the Nasdaq Capital Market
Mon, 24 Jul 2023

KUALA LUMPUR, Malaysia, July 24, 2023 (GLOBE NEWSWIRE) -- BioNexus Gene Lab Corp. (“BioNexus” or the “Company”) (Nasdaq: BGLC), an emerging company in the business of selling chemical raw materials in the Southeast Asia region and the development of safe, effective, and non-invasive liquid biopsy tests for early diagnosis and personalized health management, today announced the closing of an underwritten public offering (the “Offering”) of 1,437,500 shares of common stock, including 187,500 shares issued pursuant to the full exercise by the underwriter of its over-allotment option. The Offering was priced at $4.00 per share for total gross proceeds of $5.75 million before deducting underwriting discounts and commissions and offering expense.

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