“In hospitals worldwide, we can impact the cost of care as we move towards value-based models. The Butterfly ultrasound device has a semiconductor chip. It also lets the user measure and adjust mode, gain, and depth. Molinari is a technology entrepreneur and President of Butterfly Network, a medical device company dedicated to democratizing ultrasound. The Butterfly iQ is the first hand-held, ultrasound scanner for under $2,000, substantially lower than other handheld scanners and a far cry from the cost of traditional ultrasound medical imaging technology, which can range anywhere from $20,000 up. In this episode of TechTraction, I talk to Butterfly Network President, Gioel Molinari, who who is leading the business towards growth and the inevitable disruption of the traditional medical imaging industry. As compared to the $9000 to $20,000 price tag of conventional ultrasound machines, Butterfly IQ costs only $2000, making it more accessible to the masses. From time to time we'll send you free training, new strategies and tips to up-level your business and get more clients. The company hopes to launch those features via an upgrade in 2018. Winning the award for healthcare innovation. And, you don’t have to worry about compromising patient data. Butterfly Network founder Dr. Jonathan Rothberg is a well-respected biotechnology entrepreneur. The encryption provides a safe and secure solution. On June 1st, 2019, Rothberg, along with Butterfly Network co-founder Nevada Sanchez and Design Lead, Gioel Molinari, were honored at the Not Impossible Awards, held in Los Angeles. “Consulting is as easy as sending a text message, and the tech is accessible, in your pocket, 24 hours a day,” says Rothberg. Butterfly iQ provides affordable medical imaging. The app makes scanning very easy. The chip is only the size of an electric razor. One of these tech companies is called the Butterfly Network, whose mission is to “democratize healthcare by making medical imaging accessible to everyone around the world.” That’s no easy task. The medical condition causes tumors throughout the body and requires multiple ultrasound scans. “At BCBSA, we recognize that breakthrough technologies can make healthcare more accessible, more affordable, and ultimately improve lives,” said Trent Haywood, MD, BCBSA’s chief medical officer. “Even in the developed world, price and lack of expertise are barriers that prevent access to ultrasound, with approximately 4.7 billion people unable to obtain medical imaging,” Butterfly Network President Gioel Molinari wrote in a Medium post. The Butterfly ultrasound device has been a practical option for hospitals, practices, and patients. And these two things are really important! Butterfly Network Butterfly Network, the maker of a $2,000 handheld ultrasound device, has raised $250 million from large private investors. It stands to change the practices of healthcare organizations in both developed and developed countries. One of the Butterfly ultrasound iQ’s most practical features is its intuitive app. If you’ve ever had an ultrasound, you know there’s lots of large, expensive equipment involved. The Blue Cross Blue Shield Association is an association of independent, locally operated Blue Cross and Blue Shield Companies. It even takes advantage of telemedicine. Butterfly Network is on a mission to transform the industry, bringing ultrasound to places where this kind of medical imaging was simply too expensive or just not feasible. Plus, they take up a lot of space. Gioel Molinari is a technology entrepreneur and President of Butterfly Network, a medical device company dedicated to democratizing ultrasound. Follow. The Not Impossible Awards were created by Mick Ebeling, Founder of Not Impossible Labs, to “recognize the work and stories of people and companies who share our mission to create technology for the sake of humanity,” says Ebeling. said Gioel Molinari, President of Butterfly Network. More importantly, it brings medical imaging to areas where it was once considered a luxury. “We’re proud to help shine a light on the kind of technologies we believe are game changers.”, Simplified operating system, simplified use, and a technology that learns as it goes. Butterfly Network. The information generated by each sensor is then combined to create an image. The product consists of a transducer that plugs right into an iPhone or iPad via the Lightning port, and uses a “We’re incredibly proud to achieve this significant milestone that will further our mission to democratize healthcare and bring medical imaging to the 4.7 billion people worldwide that currently lack access to this life saving technology,” said Gioel Molinari, President of Butterfly Network. Mr. Molinari began his career in industrial automation and was then founder, president and CTO of ClariFI Inc., a … Butterfly IQ is about the size of an electric shaver and can be used for total body scanning. He previously led two companies that specialized in DNA sequencing. Butterfly plans to augment the hardware capabilities with artificial intelligence software that could help clinicians interpret the images the device picks up. Since its introduction in 2018, Butterfly iQ has seen rapid adoption by tens of thousands of physicians, EMTs, physician assistants, nurses and other healthcare providers around the world. Since then, the scientist-entrepreneur has launched eight different companies to incubate new ideas and new technologies that address seemingly intractable healthcare issues. Gioel Molinari is affiliated with Butterfly Network, Inc., Bridgewater Associates LP, ClariFI, Inc., Bloomberg LP, Xcelerate Corp., CuraGen Corporation Browse in-depth profiles on 10 million influential people and organizations. Butterfly Network, Inc. Carnegie Mellon University. In the case of Jonathan Rothberg, M.S., M.Phil, and Ph.D., it began when his daughter was diagnosed with a rare disease called tuberous sclerosis, which causes tumors or growths in the body. Butterfly iQ is portable and works anywhere in the world with a cell phone. Report this profile; Dr. Rothberg noted how expensive, inefficient, and cumbersome his daughter’s treatment was. (Butterfly Network) Its Butterfly iQ device is a pocket-sized ultrasound transducer that scored the FDA nod in October 2017 for 13 applications, the broadest clearance to date for such a device. What’s more, says president Gioel Molinari, “the Butterfly iQ utilizes artificial intelligence to teach the unit to interpret images,” which makes it easier for less experienced clinicians to use. Gioel Molinari. By far the biggest two pros are that the vision and the product are truly fantastic, and that the engineers working on it are really brilliant. FREE TRAINING. The Butterfly iQ is very easy-to-use. With a single probe, it can capture images throughout the entire body. Instead, he focused on ultrasound technology. Think of them as the tops of little drums, all residing on a single silicon chip. by Francis Rodino. Search People & Orgs In the past 2 years, Direct Access has helped Clients generate over $11M in sales. This battery-operated, wirelessly charged device uses an app to acquire and securely transmit imagery for review and diagnosis. He sought out a way to change this. Butterfly Network Executive Team (10) Update this profile Name Title Board Seat Contact Info; Laurent Faracci: Chief Executive Officer: Gioel Molinari: President: Susan Alie: Director: Jason Gavris: Principal Software Engineer: Nevada Sanchez: Co-Founder & Vice President of ASIC Design: You’re viewing 5 of 10 executive team members. “In developing countries, ultrasound can be used as a diagnostically superior and safer method than X-ray to diagnose critical global health issues like pediatric pneumonia. The device has a smooth anodized aluminum body, making it comfortable to hold. It emits layers of capacitive micromachined ultrasound transducers (CMUT). Gioel Molinari, the Butterfly Network’s president, says, “We expect to have thousands of units in the field by year-end. Follow. When a patient needs medical imaging, they no longer have to schedule an appointment with a radiologist. Technology – Gioel Molinari, Butterfly President Butterfly has created the first complete solution to point of care imaging, combining our ultrasound on a chip devices with mobile and cloud software to make it easy to use and deeply connected. It provides 19 presets for different imaging (cardiac, abdomen, bladder, etc.). This cost might sound like a high initial investment, but it’s one of the most budget-friendly options on the market. The Butterfly Network ultrasound technology addresses these issues as it is a point-of-care ultrasound device. As a chemical engineer, biologist, and professor of genetics at Yale University, Rothberg’s response to his daughter’s diagnosis and the lack of satisfactory medical solutions was to search for a cure himself. It fits in a physician’s pocket, allowing them to use it as they meet with patients. Besides being more expensive, conventional ultrasound machines are bulkier. Gioel Molinari . In hospitals worldwide, we can impact the cost of care as we move towards value-based models,” wrote Butterfly Network President Gioel Molinari in a Medium post. However, it provides more than two hours of scanning thanks to its built-in battery and wireless charging. The Butterfly Network IQ will cost just under $2,000, a price point at which it’s conceivable that every doctor in an emergency room could carry an ultrasound device. The Butterfly iQ is a portable ultrasound device. Once an image is captured, it can be sent via secure connection to medical professionals anywhere in … INSTANT ACCESS. So, as you can see, the Butterfly ultrasound device makes medical imaging much more affordable. Butterfly iQ was first available to physicians in the U.S. in 2018. It replaces expensive and fragile piezo crystals used in traditional systems with a single silicon chip. The unit has FDA clearance for diagnostic imaging of 13 clinical conditions, covering the entire body. Connecticut-based Butterfly Network, already selling in the United States, has won the CE Mark and is releasing its single-probe, hand-held, full-body Butterfly iQ portable ultrasound system in Europe. Once an image is captured, it can be sent via secure connection to medical professionals anywhere in the world. The chip can emit all three types of ultrasonic waves required to capture specific imaging depths and frequencies to view different parts of the whole body. After the initial diagnosis nearly two decades ago, Rothberg says his daughter is doing well. Greater New York City Area 500+ connections. Join to Connect. In order to create an image, a traditional ultrasound device has to be able to produce wavelengths from different perspectives. How tech is bridging the gap for caregivers, patients during COVID-19, 3 ways innovation is solving COVID-19 challenges, Personalized wellness programs help millennials reach their goals, substantially lower than other handheld scanners, United Nations Sustainable Development Goals. The result of these observations was the Butterfly iQ. It plugs into most smartphones, allowing physicians to share images with others. The Blue Cross Blue Shield Association is an association of independent, local operated Blue Cross and Blue Shield companies. Together with his wife Bonnie, they created the Rothberg Institute for Childhood Diseases. Now that it has received CE marking, it is available in countries like the U.K. Physicians all over the world are looking to get their hands on this device for reasons including: The affordability of the Butterfly iQ is one of its most attractive features. Democratizing healthcare by making medical imaging universally accessible and affordable. His accomplishments led him to accept the National Medal of Technology and Innovation from President Obama. Dr. Rothberg used his previous experience with semiconductors to develop this revolutionary technology. Find RelSci relationships, employment history, board memberships, donations, awards, and more. He began his career in industrial automation and was then founder, president and CTO of ClariFI Inc., a software platform to simplify quantitative equity investing. “Traditional systems cost upward of $50,000 and require at least three transducers to scan the entire body,” Gioel Molinari, president of Butterfly Network, told HCB News. With over 20 years in media and digital industries, Francis has held senior leadership positions at the BBC, Omnicom Media Group, and most recently, led the global digital marketing team for the $3 Billion Thomson Reuter's spin-off, Clarivate Analytics. Dr. John Martin | Chief Medical Officer, Butterfly Network Gioel Molinari | President, Butterfly Network With: David Pierce | Personal Technology Columnist, The Wall Street Journal Butterfly iQ is a registered trademark of Butterfly Network, Inc. © 2020 Blue Cross Blue Shield Association - All Rights Reserved. What makes the Butterfly iQ scanner different from existing ultrasound machines is the way Rothberg’s team has simplified the operating system. How to Turn Your "Tire Kicker" Leads Into Ideal Clients. The award also recognizes innovations that align with United Nations Sustainable Development Goals, which include promoting prosperity and building a better world for all people. Your annualized compensation in this position will consist of an annual base salary of $350,000 … President, Butterfly Network. Francis is a Business Growth Consultant helping tech companies generate direct sales. BOOK A 15 MIN CALL. Each of these sensors creates a waveform, like hitting the top of the drum. Rothberg says that, today, “4.7 billion people around the world lack access to medical imaging,” such as ultrasounds. They can use it for reliable medical imaging without leaving their homes. The care provider can confirm results with other medical professionals in real-time. Unlike previous operating systems, which use fragile crystals to create these wavelengths, Rothberg’s scanner uses 9,000 tiny sensors. Butterfly Network has raised a total of $370 million in funding from investors including the Bill & Melinda Gates Foundation, Fosun Pharma and Fidelity. The device runs for around $2,000. Data-driven insights to improve the health of all Americans. Gioel Molinari – The Future of Medicine: How Butterfly Network Is Bringing Ultrasound to the Home. Gioel Molinari President at Butterfly Network, Inc. A … Dear Gioel: On behalf of Butterfly Network, we are pleased to offer you the position of President beginning January 9, 2017, or as soon as practical. Physicians also can use the images for educational purposes and more. Butterfly Network is breaking new ground thanks to its innovative ultrasound device. It will stand up against the harshest of conditions. It is compatible with different sanitizers and disinfectants. It is portable, easy-to-use, and affordable. Butterfly Network president Gioel Molinari said: “We’re incredibly proud to achieve this significant milestone that will further our mission to democratize healthcare and bring medical imaging to the 4.7 billion people worldwide that currently lack access to this life saving technology.” Physicians can’t use them on-the-go. Medical professionals see it as a practical option for treating patients during this pandemic as it: Additionally, patients in quarantine can benefit from this device. When he founded Butterfly Network, Dr. Rothberg shifted away from DNA sequencing. Sponsored by the Blue Cross Blue Shield Association (BCBSA), Not Impossible’s Healthcare Breakthrough Award category recognizes innovations in healthcare. “With their support, we can maximize the societal impact of ultrasound, changing the trajectory of healthcare around the globe,” wrote Butterfly Network President Gioel Molinari … We provide business development strategy, coaching and marketing programs for the creative technology sector. So the Butterfly Network invented a whole body, hand-held ultrasound scanner called the Butterfly iQ®. Its usefulness has become even more apparent in light of the novel coronavirus. Typical ultrasound machines can run anywhere from $9,000 to $20,000. The birth of Butterfly iQ, an ultrasound scanner that works with a smart phone. Butterfly Network, the maker of a pocket-sized ultrasound device that plugs into an iPhone, raised $250 million in a new financing round, pushing … How to Turn Your "Tire Kicker" Leads Into Your Ideal Clients, Copyright 2020 KRO Projects Ltd - Trading As Direct Access, KRO Projects Ltd - Trading As Direct Access, Gioel Molinari – The Future of Medicine: How Butterfly Network Is Bringing Ultrasound to the Home, How a Nutrition and Fitness Company Tripled their Sales Appointments & Grossed an Additional Half a Million in Sales in Just 5 Months, Company Raises $500k in Seed Funding from their LinkedIn Connections, Marketing Agency Closes 3 Fortune 1000 Companies in 30 Days Using LinkedIn, Disruptor Spotlight: Jack Gaisford, V21 Video Production, CEO Spotlight: Adriano Silva, Draft Canada, CEO Spotlight: Claude Grunitzky of True Africa, How he got ended up in MedTech and Butterfly Network, transitioning from his career in financial software, The growth challenges of bringing new MedTech like Butterfly to market and disrupting a traditional industry, How Butterfly is part of the Covid-19 solution, The best advice he would give his younger self…and wisdom to other young entrepreneurs, Prevents the need for multiple physicians to be in a room (thanks to the telemedicine technology). The company is working to get the Butterfly iQ ultrasound scanner into the hands of as many medical professionals as possible. What’s more, says president Gioel Molinari, “the Butterfly iQ utilizes artificial intelligence to teach the unit to interpret images,” which makes it easier for less experienced clinicians to use. Follow. ClariFI was acquired by S&P Capital IQ in 2007. . The Butterfly iQ transforms how physicians conduct ultrasounds. To date, scanners have been donated to medical charities working in 13 low income countries, including seven in Africa. The inspiration for this shift was mainly due to his daughter’s experience with tuberous sclerosis (TSC). This post discusses the revolutionary Butterfly ultrasound device and how it can benefit physicians and patients worldwide. Gioel Molinari: Butterfly iQ is the first ever handheld whole-body ultrasound system. Patients can also use the device for medical imaging at-home. 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