iMSO Outcomes · the PreTRM® innovation model

What early prediction of preterm birth is worth.Measured the way risk-bearing entities require.

iMSO identifies research-stage innovations that improve outcomes and lower cost, then proves their value under shared-risk contracts. This model quantifies one such innovation — the PreTRM® blood test paired with remote monitoring and high-intensity case management — across the Medicaid birthing population, nationally and by state.

1 in 10
U.S. births are preterm — the 10.4% national rate
~370K
babies born too soon each year in the U.S.
$25B+
estimated annual U.S. cost of prematurity
~40%
of U.S. births are covered by Medicaid
From averages to individuals

How iMSO turns an innovation into measurable value.

History-based screening catches only a fraction of at-risk pregnancies. iMSO adopts a validated biomarker to screen broadly, wraps identified patients in proactive care, and takes downside risk on the result — so the clinical and economic value can be measured and priced by actuaries.

01 · PREDICT

The PreTRM® test

A single maternal blood draw at 19–21 weeks returns an individualized preterm-birth risk score — surfacing risk that history-based screening misses.

02 · PROTECT

Monitoring & case management

High-risk patients enter remote monitoring and high-intensity case management — clinical touchpoints, adherence support, and evidence-based interventions in the home.

03 · PROVE

Shared-risk value

Fewer of the earliest, costliest births means measurable savings. iMSO takes downside risk on that result — aligning the innovation's price to the value it actually creates.

The actuarial model

What adopting the PreTRM test-and-treat protocol is worth — nationally, or in your state.

Model the annual Medicaid savings from screening the eligible birthing population and preventing the most severe preterm births. Set the PreTRM test cost (every screen) and the iMSO program cost (high-risk pregnancies only), the screen-positive rate, and uptake; choose a NICU cost basis. Defaults reflect the PRIME randomized trial and published NICU cost data.

Medicaid preterm-birth value model
Biomarker test-and-treat innovation · shared-risk contract analysis
iMSO · v0.2 national
estimates — planning use
Program uptake75%
%
$
$
Efficacy scenario
NICU cost basis
Medicaid-eligible births
NICU admissions prevented
per year · Medicaid
Annual Medicaid savings
gross · conservative ↔ optimistic
5-year net return
5-yr cumulative · conservative ↔ optimistic

Annual savings breakdown

Gross savings
PreTRM test cost
iMSO program cost
Net annual savings
Year-1 ROI on total spend
Gross savings across cost bases
Generational feedback loop

Prevented preterm births shrink the population carrying a prior-PTB history — today's primary screening trigger. As that pool contracts, broad biomarker screening identifies risk that history alone would now miss, compounding value year over year.

5-year net savings projection
Includes ~1.5%/yr eligible-population growth as prior-PTB prevalence declines
Annual net savings Cumulative net savings
Patients screened to prevent one NICU admission
39biomarkervs150std care
Patients screened to prevent one NICU day
4biomarker
Add-on · hypothesis

Antenatal steroids — the timing upside

A confident risk flag may increase timely, complete antenatal corticosteroid courses in babies born <34 weeks — where diagnostic doubt (is this really preterm labor?) currently leaves roughly half of courses mistimed. Shown separately from the PreTRM savings above: this rests on an unproven assumption — how much of the timing gap a risk flag actually closes. No trial has yet demonstrated it.

Timing gap the flag closes35%
$
Additional NICU cost avoided
per year · on top of the PreTRM savings
Timely steroid courses added
Steroid effect: Cochrane 2017 (RDS −34%, IVH −45%, NEC −50%, neonatal death −31%; strong indication <34 wk). Timing gap: only ~32–53% of eligible preterm births get an optimally-timed course (Rottenstreich 2019). Model pool = Medicaid preterm births <34 wk (~25% of PTBs), of which ~50% are currently mistimed. The gap-closed % and per-course $ are your assumptions — no risk test has yet been shown to close the gap.
Where the opportunity concentrates

Annual net Medicaid savings, top 15 states.

States with the largest Medicaid birthing populations and highest preterm-birth burden carry the biggest addressable value. Modeled at the current scenario, test-cost, uptake, and cost-basis settings above.

Methodology & assumptions

Who gets screened — and who gets treated

The eligible population excludes multiple gestations (~3.4%), prior spontaneous preterm birth (~8%), and short cervix (~1.5%), per PRIME enrollment criteria. Every eligible Medicaid pregnancy is screened with the PreTRM test (test cost applied to all screened); only the high-risk screen-positive subset receives the iMSO program of monitoring + high-intensity case management (program cost applied to that subset only). The screen-positive rate and per-pregnancy program cost are adjustable inputs — planning assumptions, not sourced constants. Efficacy is applied as measured in PRIME (intention-to-screen: screen all, treat positives), so prevented births reflect the whole screened population.

Efficacy — two scenarios bracketed

From the PRIME randomized trial of the PreTRM® test (Iriye et al., Pregnancy / SMFM, 2026; NCT04301518; n≈5,018). The model runs a range. Optimistic = PRIME's exploratory gestational-age reductions (56% fewer births <32 wk, 32% <35 wk). Conservative = cost avoidance driven by the ~20% NICU-admission reduction — closer to PRIME's co-primary endpoints (composite neonatal morbidity + length of stay) and AVERT's 18% severe-morbidity reduction — rather than the band shift. Exploratory-endpoint significance is company-reported (peer-reviewed paper not yet PubMed-indexed); the savings tiles show the conservative-to-optimistic bracket.

Cost of a preterm birth — Medicaid basis

This is a Medicaid value-based-contract analysis, so unit costs are stated on a Medicaid basis, not commercial charges. Conservative (Medicaid-reimbursement): <28 wk ≈ $165K, 28–31 wk ≈ $82K, 32–35 wk ≈ $36K. Upper bound (population all-payer): <28 wk ≈ $318K, 28–31 wk ≈ $180K, 32–35 wk ≈ $22K. Commercial charges run higher still (Beam et al. 2020: ~$604K at 24 wk), so the Medicaid figures are deliberately conservative. The breakdown shows the resulting range.

Generational feedback assumption

The ~1.5%/yr expansion of the eligible screening population as prior-PTB prevalence declines is a modeling assumption, not measured data, and it compounds the 5-year projection. Included because the mechanism is real; flagged because the rate is assumed.

Data sources: State births from NCHS Births: Final Data for 2023 (NVSR 74-1, by state of residence). State preterm-birth rates from the March of Dimes 2024 Report Card (2023 data). Medicaid birth share from KFF / CDC WONDER source-of-payment (2024). National baseline (CDC/NCHS, 2023): ~3.6M births, 10.4% preterm rate, ~41% Medicaid-covered. Efficacy parameters from the PRIME randomized trial of the PreTRM® test (Sera Prognostics): Iriye et al., Pregnancy (SMFM), 2026; ClinicalTrials.gov NCT04301518. NICU unit costs are conservative Medicaid-basis estimates; commercial/charge-based figures run materially higher (Beam et al. 2020, J Perinatol, DOI 10.1038/s41372-020-0635-z). U.S. societal cost of preterm birth ~$25.2B for the 2016 birth cohort (Waitzman et al. 2021, Semin Perinatol). All figures are estimates for planning purposes and are not clinical, financial, or investment advice.