Ask someone at a
small or midsize enterprise why the company doesn't have a duty of care
solution, and that person most likely will cite the price tag. In October,
startup SafeTravelRx will launch an affordable travel risk management mobile
solution for Android and iOS. Costs for travel management companies, before
their reselling markups, will be $1.50 per trip up to $3 per trip with
upgrades. SafeTravelRx CEO Ron DiLeo told BTN's JoAnn DeLuna how it makes
travel risk management affordable.
What does SafeTravelRx solve for?
There's a segment of the industry that doesn't have a duty
of care solution that's affordable to them. The big enterprise-level solutions
appeal to the stereotypical Fortune 500 [companies]. You're not going to get a
50-person law firm or a 100-person advertising firm to spend six to seven
figures on a duty of care solution. That's the gap, the problem to be solved.
The app gives travelers access to iJet International
services. It also enables travelers to transmit medical information to a local
emergency provider. How does it work, and how are you distributing the
solution?
We're going to distribute it through travel management
companies. A company sends the TMC a list of travelers they want to enroll in
the program. Travel managers then ask travelers to download the app and fill
out a profile with things like emergency contacts, blood type, medications they're
taking and medical conditions like high blood pressure. When a traveler presses
the emergency call button in the app, this is what the local emergency provider
will receive through a text message, along with the traveler's exact
coordinates.
Do you have TMC partners in place?
We have about 12 conversations going on with companies at
global and regional levels. The larger players are interested in the medical
[information transmission] functionality, while everyone else will be
interested in the balance [of iJet services, as well].
What's the business model?
We charge on a per-[air booking] basis. Everyone has seen
the "I've fallen and I can't get up" commercial. That company charges
[$49.95] a month [for the customer] to carry an ugly pendant around. Travelers
enrolled in SafeTravelRx can use the app like that [even when they're not
traveling] and there's no incremental cost [for such local use, but] we're not
making money on that. We're making money [only] when people [book] travel. When
a traveler calls the TMC to book a trip, everything gets triggered
automatically. That [passenger name record] automatically is sent to iJet,
which will recognize the traveler is going to, for example, Athens. IJet will
trigger Athens-[related security] alerts to the traveler through email until
the trip is done. From the app, travelers also can check what's happening in
Athens through iJet's database in advance. There's also a help desk call center
button powered by AIG Travel Guard for nonemergencies like translations or
knowing the equivalent names of prescriptions.
What's the biggest barrier to travel risk management
adoption?
The cost is usually the barrier, but we've eliminated that
[by making the product affordable]. Our biggest challenge is getting travelers
to actually download the app. If you don't download the app, it's not going to
matter to [my company]; it's going to matter to you. A good travel manager will
say, "I noticed you didn't download the app. This is just a reminder to
fill out your profile."
I can see travelers being wary that their private medical
information will be shared with their employers.
Travelers agree to the functionality of the app. They agree
that it's OK to send this basic information to the emergency service provider,
but otherwise, the information is only stored on their phone.
Any other challenges?
Not every 911 responder operates on a cellular
network, in which case the call will go out but the [medical] info doesn't.
About half the [U.S.] has cut over to cellular lines. That's a short-lived
problem. In some areas like Africa, Asia and Eastern Europe, the phone networks
are more contemporary than what we have in the States.