watchover - alzheimer's care - integrated product design
Post on 09-Apr-2017
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2015Team Planning
F U T U R E G O A L S
Partner with Doctorsand Care Professionals
Train Response TeamDeliver to and HelpCaregivers
WATCHOVER
Competitors
Handheld receiver andGPS watch24/7 call serviceBattery life of 30 days inproximity, 24-48 hours instandby, 5 hours in livetrack$219 + $29/mo
Insertable shoe sole GPSBattery life of 2-3 days$299 + required monthlyservice fee of $5, $23 or $33
Personal GPS locatorBattery life of up to 1week$129.95 +$12.95/mo
PALSmartSole Pocket
Finder
WATCHOVER
System Architecture
Location
Person with Alzheimer's Caregiver
Our Service
Wandering alertAddress of loved oneDirection of loved one
WATCHOVER
Prototype
LCD Screen
Digital Compass Buzzer
GPS
Microcontroller
Dynamic Location and Direction Display
Breakeven AnalysisAlzheimer's WatchAmounts shown in U.S. dollars
SalesSales price per unit 200.00Sales volume per period (units) 2,000 Total Sales 400,000.00
Variable CostsCommission per unit 20.00Direct material per unit 100.00Shipping per unit 10.00Supplies per unit 0.00Other variable costs per unit 5.00Variable costs per unit 135.00 Total Variable Costs 270,000.00
Unit contribution margin 65.00 Gross Margin 130,000.00
Fixed Costs Per PeriodAdministrative costs 75.00Insurance 1,000.00Property tax 600.00Rent 6,000.00Other fixed costs 0.00 Total Fixed Costs per period 7,675.00
Net Profit (Loss) 122,325.00
Results:Breakeven Point (units): 118Sales volume analysis:Sales volume per period (units 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000Sales price per unit 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00Fixed costs per period 7,675.00 7,675.00 7,675.00 7,675.00 7,675.00 7,675.00 7,675.00 7,675.00 7,675.00 7,675.00 7,675.00Variable costs 0.00 27,000.00 54,000.00 81,000.00 108,000.00 135,000.00 162,000.00 189,000.00 216,000.00 243,000.00 270,000.00Total costs 7,675.00 34,675.00 61,675.00 88,675.00 115,675.00 142,675.00 169,675.00 196,675.00 223,675.00 250,675.00 277,675.00Total sales 0.00 40,000.00 80,000.00 120,000.00 160,000.00 200,000.00 240,000.00 280,000.00 320,000.00 360,000.00 400,000.00Net profit (loss) (7,675.00) 5,325.00 18,325.00 31,325.00 44,325.00 57,325.00 70,325.00 83,325.00 96,325.00 109,325.00 122,325.00
Name PAL Smart Sole Pocket FinderAesthetics part of project lifesaver. Shoe Insert Tag
Phone Service Time Offered 24/7 Call Service ? N/A
Battery Life Battery life of 30 days (in proximity), 24-48 hours 1 WeekLongest Battery Life of Any Personal GPSDevice
Low-Battery Warning receiver e-mail or text No
Retrevial Interface Startionary or portable receiver Web or Mobile App Web or Mobile App
Location Update Rate 10 minutesReal-time syncing between GPS SmartSolesand tracking portal. Real-time
Location Accuracy 9 feet ?
Cost $219 initial cost + $29 monthly fee or $46.00 $300 + $___ monthly fee $12.95 per month
Web Linkhttp://www.projectlifesaver.org/Pal-info/about-pal/ http://www.gpssmartsole.com/ http://www.pocketfinder.com/
Other SolutionsMonitors status of battery and alerts caregiverwhen low
Works with police, fire, and rescue agencies.
Maintains offices and cell supportSMS and E-mail alerts are automaticallytriggered
Option to set up GeoFence
Special Locking mechanism on watch
Accurate to 9 feet
● Caregiving○ Caregiving for Alzheimer's patients is an equally difficult problem as having Alzheimer's.○ Many people take on part time jobs in order to pay for their loved ones who develop Alzheimer's.○ Caregivers have to leave work early or go in late etc.
● Effect of Caregiving on Work: Work-Related Changes Among Caregivers of People with Alzheimer’s.
Caregiving
● Difficult Tasks for Alzheimer’s Patients○ Getting in and out of bed○ Dressing○ Getting to and from the toilet○ bathing○ Managing incontinence and diapers○ Feeding○ Medication Timing○ Remembering family/relatives
Difficult Tasks for PatientsProportion of Caregivers of People with Alzheimer’s versus Caregivers of Other Older People who Provide Help with Specific Activities for Daily Living
● Typical Reasons for Alzheimers Patient Hospitalization
○ Syncope Fall Trauma○ Ischemic Heart Disease○ Gastrointestinal Disease○ Pneumonia○ Delirium Mental Status Change
Typical Reasons for HospitalizationReasons for Hospitalization of Individuals with Alzheimer’s
● + $200 Billion
Cost in the US.Aggregate Cost of Care by Payer for Americans Age 65 and Older with Alzheimer’s Disease
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