12 caregiver watch
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Transcript of 12 caregiver watch
This document contains confidential and proprietary information provided by CaregiverWatch LLC (the “Company”) regarding possible business plans and arrangements, possible products and services, marketing, distribution and/or possible inventions (collectively, the “Ideas”) of the Company to the recipient (Evaluator). It is only intended for the person or entity to which it is transmitted. The recipient of this presentation agrees: (i) to keep it strictly confidential and not to copy, abstract, fax, reproduce, divulge, transfer or distribute this presentation or any part thereof without the written permission of the Company; (ii) that this presentation and all of the non-public information and ideas discussed at the time of this presentation will be treated confidentially.
Our Path Through Product Development to Commercialization
Steve Greenstein – Chief Executive OfficerSteve is an accomplished business executive with over 20 years of sales operations and distribution experience in consumer electronics and telecommunications. Steve held senior level positions with Disney, RadioShack and, AT&T Wireless.
Meredeth Rowe, RN, PhD, FGSA, FAAN - Inventor and President
Dr. Rowe is a professor and nurse scientist, holding appointments at both the University of South Florida College of Nursing and the Veterans Administration. As a Fellow of the American Academy of Nursing and the Gerontological Society of America, she is a well-known researcher and expert in the care of persons with Alzheimer’s disease and other dementias.
Management Team
Confidential and Proprietary
Management Team
Confidential and Proprietary
We are focused on using technology to:◦ Supporting family caregiver’s of individuals
with cognitive impairment and frailty Alzheimer's disease, autism spectrum disorder,
Parkinson's disease, stroke Our products are designed to address
significant outcomes in both the caregiver and care recipient:◦ Reduce injuries, dangerous activities,
unattended home exits ◦ Reduce need for constant vigilance
Improve caregiver peace of mind and well-being ◦ Increase the duration of “Aging at Home”
CaregiverWatch, LLC – The Company
Consequences of Nighttime Activity in PWD
Earlier mortality Higher rates of heart disease Risk for Alzheimer’s disease is 6x higher
Response of Caregiver
Confidential and Proprietary
Needs Assessment◦Clinical expertise / user interviews◦Testing of early prototype ideas with
active caregivers Product Build and Testing for Efficacy
◦STTR Phase 1 and 2 + supplements National Institute of Health (Nursing
Research)◦Product development
High satisfaction with feature set; consistently used
All caregivers kept and continued to use system
Product Development PathProduct Development Path
Evolution of Our Product Development
Confidential and Proprietary
Our Product Evolution
Confidential and Proprietary
Commercialization Design Drivers• Tolerable to person with dementia• Bedside and remote use by
caregiver• Multiple functions run in
background• Simple and intuitive interface• “Out of the Box”, DIY install• Supports future enhancements
Our Current Product
Confidential and Proprietary
Clinical Trial - Confirming Critical Success Factors
Rowe et al. Alzheimer’s & Dementia 5 (2009) 419–426
Outcomes of clinical trial
Confidential and Proprietary
85% reduction in nighttime events
Confidential and Proprietary
2013 Alzheimer's disease facts and figures
Confidential and Proprietary
26%
17%
Business Case – Reducing Costs
The most common reasons for hospitalization of people with Alzheimer’s disease
Is syncope, fall and trauma
Business Case – Taking Care of the Carer
Restore personal space
Reduce Worry
Improve mood/Increased energy
Renew personal relationships
Improve sleep quality
More self-careactivities
Business Case – Taking Care of Caregiver
Thank You
Confidential and Proprietary
Thank You
Typical Costs
Confidential and Proprietary
Critical Solution - CareAlertIn-Home Activity Tracking & Reporting System
• Filters activity based upon caregiver established thresholds and parameters
o Activityo Locationo Time
• Provides real-time information and emergency alert notifications
MCP
Bed Sensor
Activity Sensors
Confidential and Proprietary
Care Giver
Care Receiver