2. Problem
Approval process for non-emergency home care takes 2-
4 weeks
Patients have little say in choosing the aide that will be
caring for them for weeks and months to come
Families want to monitor the health of patients and the
care provided
Massive paperwork burdens on nurses and aides reduce
time spent on care per patient
4. Solution
Rethink the home health agency from the ground up
Allow patients to choose their preferred aides based on
profiles, experience, and quality information
Give family members, nurses, HMOs and MDs access to
dashboards to monitor patients that automatically share
important care/clinical information
Equip nurses and aides with tablets/digital forms to make
compliance faster and easier
Our backend technology can automate most of the
internal agency operations, reducing administrative costs
5. Business Model
Operate as a virtual agency and capture the full
reimbursement
We’re compiling a database of 1 million+ licensed
caregivers from public state records
We can offer PCAs 25% higher wages than average on
our system
Offer HMOs rebates to be their preferred home health
provider
6. Existing Market
Four publicly traded home health agencies ( < 30%
market share), and thousands of ‘mom-and-pop’ outfits
Economies of scale prevent small agencies from realizing
the full cost savings of technology like ours
Public agencies have been resistant to technology
adoption, opting for M&A as a growth strategy
In this broken system, home health agencies earn 40-50%
margins off of top-line revenue
7. Market Opportunity
As baby boomers continue to age and require long-term
care, the percent of patients and family members
comfortable with technology will grow exponentially
8. Next Steps
August: Complete building all parts of the platform
September: Apply for Medicaid & Medicare certification
to operate as a home health agency
September- November: Run a beta test- either a pilot
with an existing agency as a partner, or roll out to a small
targeted area
9. Team
Faheem Zaman
Thiel Fellow- stopped out of Harvard – math
worked at NY Times and an algorithmic
trading firm
Ilya Vakhutinsky
Thiel Fellow- stopped out of Rutgers - CS
Software wizard; worked at NYC startups &
university labs
CareDojo is a member of Startup Health
