Download - CareSolver @ Aging2.0 Boston 9/17/2013
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September 2013
Enhancing Senior Health Through Caregiver Engagement
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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
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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%
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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
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CareSolver Vision
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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
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CareSolver In Action
Susan (Mom)
Ann (Daughter)
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• 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
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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