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A Place for Caregivers



                  Introduction to Caring in Place®
                         September 2012
                                                     1
Problem Statement                                                                           R




                                  Problem Statement

 - The Aging in Place movement encourages aging adults to age at home instead of
   within managed care facilities.

 - As aging adults begin to deteriorate, they require clinical and logistical support.
   Within managed care facilities, this role is filled by the staff. With Aging in Place,
   the clinical and logistical support role falls primarily on Family Caregivers.

 - Typically Family Caregivers are clinically under-educated yet willing to learn.
   They have little to no disposable time yet may be required to spend up to 40
   hours a week supporting their loved one. They are cost conscious and expect
   technology to support them as caregivers. Today they do not have a standard
   way to coordinate care across siblings and other support groups.

            Family Caregivers need help understanding their role as
       caregivers, maximizing their time, minimizing the cost of care, and
          coordinating care among siblings and other support groups
Mission Statement                                                                                         R




                                    Our Mission Statement
  Caring in Place® is a technology platform for non-professional caregivers
  designed to help coordinate the care of their loved ones while improving
  points of care and health outcomes. Our mission is to help caregivers
  understand how to be effective care providers while saving them time and
  money.

         Family Caregiver
                                                                                Home Healthcare Devices
                                                      Safety


                  or


                                    Appointments                     Location



                                                  Aging in Place

                                     Daily Activity            Medication
                                                                                Home Healthcare Services
       Additional Caregivers

  or         or        or      or
How it Works                                                                                                                R




                                    or




   Average Caregiver          Sign Up Online          Input Patient Attributes          Caring in Place® generates
 (45-54 yr old female)         or Download           (Ailments, Behaviors, etc.)          a Caregiver Care Plan
                                 Free App




Caregiver Customizes      Caregiver Shares Tasks          Caring in Place® is monetized by               Caregiver Provides
     Care Plan           With Siblings and Friends       positioning targeted Products and           Clinical Activity Report to
                                                     Services based on the Caregiver Care Plan        Doctor at Appointment
Revenue Model Example                                                                 R



     Service Example Scenario                        Product Example Scenario

            Caregiver has a                                Medication adherence is
            task that she                                  low due to poor tracking
            cannot complete                                or patient usage

            CiP helps identify                             CiP recommends
            a need and                                     multiple medication
            recommends a                                   adherence devices or
            service provider                               solutions

            Caregiver selects 25                           Caregiver selects a
            hrs of service for                             device
            $500 and is billed                             (e.g., GlowCaps)
            through CiP                                    and is billed
                                                           through CiP
            CiP collects fee and       Help Me             CiP integrates the
            sends service                                  device into the
            request to provider        Help Me             caregiver platform

            Service Provider           Help Me
                                                           Caregivers can
            receives                                       monitor medication
            referral, completes                            adherence through
            service, and                                   the CiP solution
            updates Care
            Stream receives service                        Doctor is given a care
            Caregiver
                                                           report with medication
            communication from the
                                                           adherence data included
            provider through the CiP
            solution
 CiP collects $35 for new referral               CiP collects $30 for new device
CiP collects $15 for existing client
Key Audiences and Benefits                                                                                          R




                            Key Facts                              Caring in Place Benefits
                 - 43.5M US Family Caregivers                  - Reduce Time and Cost of Care
    Family       - 48 year old female is the average           - Education and Coordination
   Caregiver     - 20.4 unpaid hours of care each week         - Improve Health Outcomes
                 - 50% have full time employment               - Peace of Mind
                 - 80% express excessive stress levels         - Familiar Technology Solution


                            Key Facts                              Caring in Place Benefits
                 - 38.6M Aging Loved Ones (65+ years)          - Improve Health Outcomes
  Aging Loved    - 10K Baby Boomers turn 65 daily              - Reduce Burden on Family Caregivers
      One        - 58% of Aging Loved Ones live at home        - Extend Aging in Place
                 - 20% living with the Caregiver
                 - 72% live less than 20 minutes from Family


                            Key Facts                              Caring in Place Benefits
   Product &     - Eager to Access Aging Marketplace           - Access to Family Decision Makers
 Home Services   - No Connection with Family Caregivers        - Targeted Products/Services
                 - Extremely Fragmented Marketplace            - Differentiation and Lead Generation
    Vendors      - 23k Non-Clinical Home Healthcare Firms      - Customer Service
                 - 100s of New Home Devices Each Year          - Communication and Coordination

                                                                                    Sources:
                                                                                    1: Family Caregiver Alliance
                                                                                    2: AARP Family Caregiver Study
                                                                                    3: National Alliance for Caregiving
Revenue Models                                                                                                               R




   Assumptions

 Number of Caregivers                         Monthly Spectrum of Care Dependency
  per Patient = 2.5                       $0          $500        $1400             $3300              $5500
 Patients Converting to                                            R


  Paying Customers =
  1/3                                                In Home       Elder            Assisted           Nursing
                                   Independent         Care        Care              Living             Home
 Monthly Patient Spend
  on Home Healthcare
  Services = $500

 Anticipated Caring in    Referral/Coordination Fees                       Ad/Premier Placement Fees
  Place® fee per new
                             # of Users        Annual Revenue     # of Patients      Total Impressions      Annual Revenue
  services referral
  transaction = 7-10%              2,500       $       106,920             1,000                 585,000         $    10,530
                                  12,500       $       534,600             5,000                2,925,000        $    52,650
 Anticipated Caring in
  Place® fee per                  25,000       $      1,069,200           10,000                5,850,000        $   105,300
  existing client                125,000       $      5,346,000           50,000               29,250,000        $   526,500
  transaction = 3-5%             250,000       $     10,692,000          100,000               58,500,000        $ 1,053,000

 Ratio of Referral            2,500,000       $    106,920,000         1,000,000          585,000,000           $ 10,530,000
  Customers vs. Existing
  Customers = 3/2
Team Backgrounds                                                                                  R




                      Josh Fotheringham
                       Education: MBA & Masters in Information Management
                       Avaya (Lucent): Strategy, Business Development, Services
                       Apple: Product Development & Design, Systems Management
   Founder             SunGard: Product Management, Data Management



                      James Jarman
                       Education: Masters in Economics
                       Avery Dennison: Innovation & Product Development
                       eBay: Internet Business Modeling, Network Marketing
   Founder
                       SunGard: Product Management, Product Marketing


                                                Advisors
                 Ken Veit                Dr. Alan Frischer                Jason Sanders
             Former President of Aetna    Internist & Chief of Medicine     JD, Patent Attorney
Back Up   R
US Opportunity                                                                                                                  R




                                               Yard Care / Snow
                                                ($600 Million)
                    Security Services                                                 Trash Removal
                     ($600 Million)                                                   ($150 Million)



                                                     38.6M
                                                   Adults 65+
                                                 (+10K Each Day)
     Utilities                                                                                                     Meals
   ($1.6 Billion)                                                                                                ($3 Billion)




                     Housekeeping                                                  Home Maintenance
                     ($700 Million)                                                  ($900 Million)
                                                   Healthcare
                                                   ($6 Trillion)

                                    Opportunity
           Enable product and services vendors access to the hard-to-reach
                           aging population marketplace
                                        Sources: US Census, US Dept. of Health, US Dept. of Labor Consumer Expenditures
Competition                                                        R




       Homecare Device Companies      Home Service Aggregators
         GrandCare                    Task Rabit
         BeClose                      Angie’s List
         Elphi
         AFrameDigital
         iReminder




      Caregiver Targeted Companies   Care Coordination Companies

         Care Zone                    A Place for Mom
         Care Together                Care.com
         Elder Care 411               Wellaho
         Sage Minder                  Saturing
                                      Butterfly Effects
Service Providers                                                  R




         Clinical Home Healthcare   Non-Clinical Home Healthcare
         Apria                        Home Instead
         Lincare                      Comfort Keepers
         Gentiva                      Visiting Angels
         Blue Care                    Senior Helpers
                                      Interim Healthcare
                                      Gentiva
                                      Almost Family
Product Demo                    R

Mobile Application Navigation
Product Demo                                                        R

Mobile Care Plan




            Care Plan   Care Plan Medications   Care Plan Details
Product Demo                                                         R

Mobile Care Stream




          Care Stream                          Care Stream Details


                        Care Stream Extended
Caring in Place Opportunity                                                                    R



      Reduce Family Caregiver Time and Costs while Improving Health Outcomes for
       Aging Loved Ones by Educating, Connecting, and Coordinating Care through
                             Non-Clinical Service Providers


                                              Family
                                             Caregiver




                                                                    R




                  Aging Loved                                        Non-Clinical
                      One                                             Service
                                                                      Provider


                Aging Loved One                Caregivers                  Service Provider
Benefits   -Improved Health Outcomes   - Reduce Opportunity Cost of Care   - Lead Generation
           - Extended Aging in Place   - Delegation of Tasks               - Customer Service
Phase 1 Functionality                                                         R




       Caring in Place® Mobile Application (iOS and Android) and Web

   Cross-platform mobile application for caregivers featuring:
      - Care Plan generation (clinical and non-clinical)
      - Medication management
      - Invite siblings and friends to participate in caregiving activities
      - Care coordination/communication between caregivers
      - Caregiving readouts for Doctors of aging patients
      - Location-based messaging and notifications

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Caring in place opportunity v20120915

  • 1. R R A Place for Caregivers Introduction to Caring in Place® September 2012 1
  • 2. Problem Statement R Problem Statement - The Aging in Place movement encourages aging adults to age at home instead of within managed care facilities. - As aging adults begin to deteriorate, they require clinical and logistical support. Within managed care facilities, this role is filled by the staff. With Aging in Place, the clinical and logistical support role falls primarily on Family Caregivers. - Typically Family Caregivers are clinically under-educated yet willing to learn. They have little to no disposable time yet may be required to spend up to 40 hours a week supporting their loved one. They are cost conscious and expect technology to support them as caregivers. Today they do not have a standard way to coordinate care across siblings and other support groups. Family Caregivers need help understanding their role as caregivers, maximizing their time, minimizing the cost of care, and coordinating care among siblings and other support groups
  • 3. Mission Statement R Our Mission Statement Caring in Place® is a technology platform for non-professional caregivers designed to help coordinate the care of their loved ones while improving points of care and health outcomes. Our mission is to help caregivers understand how to be effective care providers while saving them time and money. Family Caregiver Home Healthcare Devices Safety or Appointments Location Aging in Place Daily Activity Medication Home Healthcare Services Additional Caregivers or or or or
  • 4. How it Works R or Average Caregiver Sign Up Online Input Patient Attributes Caring in Place® generates (45-54 yr old female) or Download (Ailments, Behaviors, etc.) a Caregiver Care Plan Free App Caregiver Customizes Caregiver Shares Tasks Caring in Place® is monetized by Caregiver Provides Care Plan With Siblings and Friends positioning targeted Products and Clinical Activity Report to Services based on the Caregiver Care Plan Doctor at Appointment
  • 5. Revenue Model Example R Service Example Scenario Product Example Scenario Caregiver has a Medication adherence is task that she low due to poor tracking cannot complete or patient usage CiP helps identify CiP recommends a need and multiple medication recommends a adherence devices or service provider solutions Caregiver selects 25 Caregiver selects a hrs of service for device $500 and is billed (e.g., GlowCaps) through CiP and is billed through CiP CiP collects fee and Help Me CiP integrates the sends service device into the request to provider Help Me caregiver platform Service Provider Help Me Caregivers can receives monitor medication referral, completes adherence through service, and the CiP solution updates Care Stream receives service Doctor is given a care Caregiver report with medication communication from the adherence data included provider through the CiP solution CiP collects $35 for new referral CiP collects $30 for new device CiP collects $15 for existing client
  • 6. Key Audiences and Benefits R Key Facts Caring in Place Benefits - 43.5M US Family Caregivers - Reduce Time and Cost of Care Family - 48 year old female is the average - Education and Coordination Caregiver - 20.4 unpaid hours of care each week - Improve Health Outcomes - 50% have full time employment - Peace of Mind - 80% express excessive stress levels - Familiar Technology Solution Key Facts Caring in Place Benefits - 38.6M Aging Loved Ones (65+ years) - Improve Health Outcomes Aging Loved - 10K Baby Boomers turn 65 daily - Reduce Burden on Family Caregivers One - 58% of Aging Loved Ones live at home - Extend Aging in Place - 20% living with the Caregiver - 72% live less than 20 minutes from Family Key Facts Caring in Place Benefits Product & - Eager to Access Aging Marketplace - Access to Family Decision Makers Home Services - No Connection with Family Caregivers - Targeted Products/Services - Extremely Fragmented Marketplace - Differentiation and Lead Generation Vendors - 23k Non-Clinical Home Healthcare Firms - Customer Service - 100s of New Home Devices Each Year - Communication and Coordination Sources: 1: Family Caregiver Alliance 2: AARP Family Caregiver Study 3: National Alliance for Caregiving
  • 7. Revenue Models R Assumptions  Number of Caregivers Monthly Spectrum of Care Dependency per Patient = 2.5 $0 $500 $1400 $3300 $5500  Patients Converting to R Paying Customers = 1/3 In Home Elder Assisted Nursing Independent Care Care Living Home  Monthly Patient Spend on Home Healthcare Services = $500  Anticipated Caring in Referral/Coordination Fees Ad/Premier Placement Fees Place® fee per new # of Users Annual Revenue # of Patients Total Impressions Annual Revenue services referral transaction = 7-10% 2,500 $ 106,920 1,000 585,000 $ 10,530 12,500 $ 534,600 5,000 2,925,000 $ 52,650  Anticipated Caring in Place® fee per 25,000 $ 1,069,200 10,000 5,850,000 $ 105,300 existing client 125,000 $ 5,346,000 50,000 29,250,000 $ 526,500 transaction = 3-5% 250,000 $ 10,692,000 100,000 58,500,000 $ 1,053,000  Ratio of Referral 2,500,000 $ 106,920,000 1,000,000 585,000,000 $ 10,530,000 Customers vs. Existing Customers = 3/2
  • 8. Team Backgrounds R Josh Fotheringham  Education: MBA & Masters in Information Management  Avaya (Lucent): Strategy, Business Development, Services  Apple: Product Development & Design, Systems Management Founder  SunGard: Product Management, Data Management James Jarman  Education: Masters in Economics  Avery Dennison: Innovation & Product Development  eBay: Internet Business Modeling, Network Marketing Founder  SunGard: Product Management, Product Marketing Advisors Ken Veit Dr. Alan Frischer Jason Sanders Former President of Aetna Internist & Chief of Medicine JD, Patent Attorney
  • 10. US Opportunity R Yard Care / Snow ($600 Million) Security Services Trash Removal ($600 Million) ($150 Million) 38.6M Adults 65+ (+10K Each Day) Utilities Meals ($1.6 Billion) ($3 Billion) Housekeeping Home Maintenance ($700 Million) ($900 Million) Healthcare ($6 Trillion) Opportunity Enable product and services vendors access to the hard-to-reach aging population marketplace Sources: US Census, US Dept. of Health, US Dept. of Labor Consumer Expenditures
  • 11. Competition R Homecare Device Companies Home Service Aggregators GrandCare Task Rabit BeClose Angie’s List Elphi AFrameDigital iReminder Caregiver Targeted Companies Care Coordination Companies Care Zone A Place for Mom Care Together Care.com Elder Care 411 Wellaho Sage Minder Saturing Butterfly Effects
  • 12. Service Providers R Clinical Home Healthcare Non-Clinical Home Healthcare Apria Home Instead Lincare Comfort Keepers Gentiva Visiting Angels Blue Care Senior Helpers Interim Healthcare Gentiva Almost Family
  • 13. Product Demo R Mobile Application Navigation
  • 14. Product Demo R Mobile Care Plan Care Plan Care Plan Medications Care Plan Details
  • 15. Product Demo R Mobile Care Stream Care Stream Care Stream Details Care Stream Extended
  • 16. Caring in Place Opportunity R Reduce Family Caregiver Time and Costs while Improving Health Outcomes for Aging Loved Ones by Educating, Connecting, and Coordinating Care through Non-Clinical Service Providers Family Caregiver R Aging Loved Non-Clinical One Service Provider Aging Loved One Caregivers Service Provider Benefits -Improved Health Outcomes - Reduce Opportunity Cost of Care - Lead Generation - Extended Aging in Place - Delegation of Tasks - Customer Service
  • 17. Phase 1 Functionality R Caring in Place® Mobile Application (iOS and Android) and Web Cross-platform mobile application for caregivers featuring: - Care Plan generation (clinical and non-clinical) - Medication management - Invite siblings and friends to participate in caregiving activities - Care coordination/communication between caregivers - Caregiving readouts for Doctors of aging patients - Location-based messaging and notifications

Notas del editor

  1. It's no secret that this is an era of change in health care. Now, more than ever, health plans are looking for companies with innovative products and services to help them provide high-quality, cost-effective care.