caresolver @ aging2.0 boston 9/17/2013

8
September 2013 1 Enhancing Senior Health Through Caregiver Engagement

Post on 14-Sep-2014

401 views

Category:

Health & Medicine


1 download

DESCRIPTION

 

TRANSCRIPT

Page 1: CareSolver @ Aging2.0 Boston 9/17/2013

1

September 2013

Enhancing Senior Health Through Caregiver Engagement

Page 2: CareSolver @ Aging2.0 Boston 9/17/2013

2

Sources of Senior Care in the US

family caregivers43M+

hrs/yr of care on avg988

/yr spent out of pocket$5K+

provide “complex medical care”46%

provide care >1 time per week86%

Health Care’s Shadow Work ForceMajority of Senior Care Provided, For Free, By Family Members

Sources of Senior Care in the US in 20130%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Free Care from Family Caregivers

$450B

Paid Care$112.5B

Page 3: CareSolver @ Aging2.0 Boston 9/17/2013

3

An Underperforming Asset: Unsupported Caregivers Trapped in a Failing Care System

Caregivers

Risk-bearing entities

Seniors

× Lost wages – $300K over lifetime× Increase risk of depression – 45% × Increase risk in chronic health conditions –

48%× Increase in health care costs –$2.5K

× Preventable hospitalizations – 15M × Seniors suffering from undiagnosed

conditions – 25%+ × Unmanaged chronic conditions – 65%+

Negative Outcomes

× Preventable medical costs due to caregiver errors – ~$85B

× Poor informal caregiver management of post-discharge care major contributing factor in readmissions ~80%

Page 4: CareSolver @ Aging2.0 Boston 9/17/2013

4

Family Caregivers Are Not Provided the Resources for Success

Lack of Education

on…

Lack of Direction as

to….

Lack of Support Resources on…

Asked to be senior care experts with little education, direction, resources, or support

Page 5: CareSolver @ Aging2.0 Boston 9/17/2013

5

CareSolver Vision

Page 6: CareSolver @ Aging2.0 Boston 9/17/2013

6

CareSolver: A Vehicle for Delivering Caregiver Targeted Interventions

Innovation Award Winner

Medical History

Medical Records

Medical Monitor

Data

Situational Information

Risk Assessmen

ts

Educational Content

Service Providers

Care Mgmt Tools

Psychoeducational Support

Senior Care Experts

CareSolver Leverages the UNPAID Caregiver to Improve Outcomes Across a Variety of Conditions

Customized Action

Oriented Care Guides

Inputs Interventions

Page 7: CareSolver @ Aging2.0 Boston 9/17/2013

7

CareSolver In Action

Susan (Mom)

Ann (Daughter)

1

• Ann is overwhelmed caring for Susan

• Susan’s has:• Uncontrolled sugar levels• Diabetic foot ulcers• An unsafe house for fall

risk

• Ann signs up for CareSolver• Receives customized diabetes &

dementia care plans• Receives reminders for glucose

checks• Ann schedules a podiatrist appt.• Ann follows instructions to fall-proof

Susan’s home• Ann joins a local support group

3 4 Better Health

Reduced

Burden

Lower Costs

2

Page 8: CareSolver @ Aging2.0 Boston 9/17/2013

8

The Team

• Experience in senior care, building new health care businesses

• Past entrepreneur

Arick MortonCo-Founder

Grant HammCo-Founder & Development

Lead

Shana HoffmanCo-Founder

• 10 years of experience developing leading edge software & hardware solutions

• Past entrepreneur

• Experience in healthcare strategy

• Previous startup experience