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Pitch: VideoCare @ Aging2.0 SF (22Jan2013)


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Pitch: VideoCare @ Aging2.0 SF (22Jan2013)

  1. 1. Cloud-based remote care for the elderly.Confidential
  2. 2. The Problem• The elderly face... – living alone – remote family – diminished health and mental faculties – reduced mobility – shrinking social circle• Technology could help, but... – 70% of 74+ do not use computers – 87% of 64+ do not use smartphones• …and the industry serving the elderly is fragmented and non- technical• How do you deliver technology-based services to people who don’t use technology?
  3. 3. The Solution• Many of the goals of in-person care can be achieved remotely via video technology – multiple daily check-ins – social interaction – concierge services – vital signs collection• With higher skilled staff – at lower cost – more efficiently – with access to specialized skill sets• Remote care can be combined with in-person care for an optimum solution
  4. 4. The VideoCare System• Allows the elderly to connect with remote caregivers, family and peers via live video• No computer skills required of care recipient – touchscreen – no keyboard or mouse• Cloud-based system provides security, scalability, and remote management• B2B service allows care providers to easily expand their offerings
  5. 5. Core Features• Video calling between clients, workers, families, peers, and medical staff• Instant photo and video sharing – From computer or mobile• Automated medication and ADL reminders – Alerts to family and staff for missed reminders• Integration with medical devices• Cloud-based infrastructure – Everything managed remotely by the caregivers
  6. 6. Benefits for Care Recipients• Direct daily human contact with caregivers• Live interaction with family and peers• Encourages visual messaging from family• Reminders for ADL’s and medications• Tracking of vital signs• Ability to participate remotely in live events• No computer skills required
  7. 7. Benefits for Family Members• Peace of mind knowing that client is receiving multiple daily check-ins• Configurable alert network for escalation of issues• Ability to track staff/client interactions• Ability to share messages, photos and movies• Brings family closer with live mobile video events such as school plays• No need for family to provide technical support
  8. 8. Benefits for Home Care Providers• Allows home care businesses to offer innovative new capabilities without infrastructure cost or technology maintenance issues• Enables access to remote staff• Financial tracking of support services• Enables peer-to-peer managed social engagement between multiple clients in the same home care network• Customer-facing brand is the home care provider’s
  9. 9. Benefits for Home Health Providers• Reduce hospital readmissions – Medicare clawbacks• Tracking of vitals• Ability to more cost-effectively deliver care• Ability to have “Nurse-On-Call”• Access to specialty staff• Enables innovative services – e.g. remote diabetic support• Creates connection to customer that can extend into private care
  10. 10. Benefits for Eldercare Facilities• Allows families to be more connected• Alleviates some of the guilt• Allows facilities to have automated check-ins with residents• Allows broadcast messaging to residents (with replies) – “Would you like chicken or beef for dinner?” – “How’s your pain level on a scale of 1-10?”• Enables access to remote medical staff• Customer-facing brand is assisted living facility’s
  11. 11. The Market• Non-medical home care agencies – 15,000 agencies serving 1.5M people• Medical home care agencies – 10,000 agencies serving 3.4M people• Facilities (nursing homes, assisted living, etc.) – 50,000 agencies serving 3.3M people• VideoCare is a platform for both basic connectivity and for extended care and concierge services
  12. 12. The VideoCare Team• Successful background in video industry innovation• CEO: David Trescot – former CEO of Rhozet, Inc. – leading provider of video compression software used by companies like Amazon, Yahoo, Hulu, CBS, NBC, etc. – acquired by Harmonic (NASDAQ:HLIT) in 2007• CTO: Ove Bjelke-Holtermann – founder and CTO of Rhozet, Inc.• Personally motivated by emerging family needs• Self-funded through development, moving to VC funding for roll-out
  13. 13. Launch Partners