This document proposes a mobile healthcare application called GaugeWear to help reduce hospital readmission rates. The key points are:
- Hospital readmission rates are increasing, leading to penalties for hospitals and unexpected costs for patients. Elderly patients are most affected due to failure to take medications properly.
- The proposed solution is a mobile app using GaugeWear technology to monitor vitals and provide remote patient coaching. It aims to increase medication adherence by 35% and reduce elderly readmission rates from 26% to 10%.
- A market analysis found over 2,000 mobile health apps but an opportunity in medication reminder apps, with the main competitors being Medisafe, Mango Health, and Pillpack
Reinventing Life Sciences: How emerging ecosystems fuel innovationIBM in Healthcare
Persistent disruptive forces in life sciences now threaten traditional business models over the medium to long term. While high rates of return and strong performance may have masked these forces in the past, today they must be recognized and addressed. Organizations need new ways to continue to thrive despite such hurdles.
This latest research study by IBM Instritute of Business Value in collaboration with the University of California, San Diego and Oxford Economics, led to a target innovation model that can guide organizations to discover operational efficiencies, nurture new growth and get positioned more strategically in the new life sciences and healthcare ecosystem.
Reinventing Life Sciences: How emerging ecosystems fuel innovationIBM in Healthcare
Persistent disruptive forces in life sciences now threaten traditional business models over the medium to long term. While high rates of return and strong performance may have masked these forces in the past, today they must be recognized and addressed. Organizations need new ways to continue to thrive despite such hurdles.
This latest research study by IBM Instritute of Business Value in collaboration with the University of California, San Diego and Oxford Economics, led to a target innovation model that can guide organizations to discover operational efficiencies, nurture new growth and get positioned more strategically in the new life sciences and healthcare ecosystem.
These are the slides displayed during the September 28th webinar on Understanding the Importance of ACOs presented by ROI2 and hosted by Dr. Barry Mennen, MD. With Matt Eyles and Jim Smith.
The evolution of life science ecosystems: Five effective innovation approache...IBM in Healthcare
The life sciences industry, like many others, faces broad disruption and challenges on fronts ranging from technology to regulation to product resourcing. Traditionally, innovation has been a key driver of success for life sciences organizations, and it will continue to play a critical role for an industry that seeks to sustain this momentum.This report, the third of the Innovating Life Sciences series, identifies five strategies that differentiate the more successful academic life sciences institutions from the rest.
5 Ways to Ensure Data Quality for Sustainability ReportingUrjanet
Sustainability reporting is only as impactful as the quality of the data being used. If the data driving your reports is incomplete or inaccurate, you could be compromising the nature of your assessments. In this webinar, Urjanet, Measurabl, and Shorenstein join forces to:
-Define data quality
-Outline best practices for collecting and assessing data
-Provide real world examples of why data quality matters
Learn more now!
[Infographic] Turn up Demand Response: Educate and Incent Energy Consumersparago
Energy providers need their customers to participate in demand response programs. However, our recent research reveals that only 14% of consumers are currently participating. Get the “Turn Up Demand Response: Educate and Incent Energy Consumers” infographic now to learn exactly what utility companies can do to increase participation.
How do we know the effect of our policies, programs and investments? By measuring it. We’re not always very good at it, we haven’t been doing it for long enough, or in enough fields, or with enough collaborations, but we’re getting better and more excited and there’s a whole lot going on in this space right now. In this presentation, Emma Tomkinson, a social impact analyst from Sydney, Australia, will showcase examples of collaborative work in social impact measurement from around the globe.
CDC 16 October 2014 event, social impact measurementlibbygauld
The case for change - what is social impact?
Social impact is the effect of an activity on a community and its individuals. Businesses, government, social purpose organisations and knowledge creators seek to create positive, meaningful and sustainable change to individually and collectively address social issues. Social impact measurement is an emerging practice that attempts to capture this change. Why is this of relevance to cultural organisations? Where do we start? Join our next Sydney Cultural Development Collective event to learn more.
mHealth presentation at Wireless Life Sciences Convergence Conference May 201...Mike Wons
Toward a Sustainable Health Care System
Can innovation solve the access and cost problems in health care? What are the prospects for reducing the demand for chronic care services? What are the best models in the health care sector? What can we learn from innovations in other countries?
Session Leader: Ralph Simon, Chief Executive Officer, Mobilium Global
About Medimojo: Medimojo is - Flagship Product of Panakeia Technologies, A healthTech Startup Incubated at NASSCOM, india & BLACKBOX VC, USA.It Helps healthcare service providers with digital solutions to leverage
*Digital transformation,
*differentiate offerings from competition
*generate larger share of consumer/patients healthcare wallet.
Medimojo's Healthcare Revenue Multiplier tool :Marketing Automation & Patient Engagement has a Unique Know, Engage, Manage Patient which enables healthcare service providers with tools to
Plug revenue leakages & generate larger share of consumer/patients healthcare wallet.
Deriving Revenue & Insights by Delivering Right Engagement, with the right message, to the right patient at the right time Via the right Medium.
Benefits to healthcare providers
# meeting the changing Consumer/patients Expectations where they expect deliverance of services at the Place, Time & manner of their choosing.
# leveraging technology & using Algorithm based Data Intelligence to provide a personalised, connected experience to the consumers & enhancing their experience, improving outcomes & increase share of patients healthcare wallet.(SOW).
# Staying Differentiated as a service provider in the changing Landscape of Digital Health & generating revenue opportunity across patients Life Cycle.
Solution offered by Medimojo
cloud based SaaS solutions
enhance Patient Engagement through Patient Engagement Solution(PES)
Marketing Automation tool with intelligent Dashboard to track engagement.
plug revenue leakages & generate additional revenues.
unique Know-Engage-Manage patients directed tools,
generate algorithm based Intelligence from disparate Demographic, Economic, clinical & morbidities Data,
help providers increase patients satisfaction &loyalty
Recommendation Engine for reaching out to the Patient Group for upsell/cross sell.
Beyond Scaling Up: Change and complex health systemsIDS
This presentation was given at the 'Beyond Scaling Up: Pathways to Universal Access' workshop which was held at the Institute of Development Studies, Brighton on the 24-25 May, 2010. This event was co-sponsored by the Future Health Systems Research Programme Consortium and the STEPS Centre. Peters presented on change in complex health systems.
Medimojo Provides Digital tools for promoting corporate wellness. The digital platform induces minute but significant behaviour changes & impact overall wellness amongst employees, thus lowering healthcare costs for the corporate
Outside/In: Building a Community-Centric Strategic PlanYourCareUniverse
This course will review the benefits of conducting a deep dive into the health and wellness needs of your community and identifying gaps. Leverage insights from this research to: > Drive community wellness > Shape business strategy by leveraging data-driven insights > Facilitate collaboration within your service area > Cultivate a loyal consumer base
Explore how the Affordable Care Act and creation of state level and national exchanges has impacted member risk profiles and demand for small-group and individual health plans.
Network Optimization: Why Physician Quality Should Drive Your Benefits StrategyGrand Rounds
Employers and payers are increasingly interested in narrow network or "high performance" networks to control healthcare costs. But there's a science to reshaping your physician network to cut costs while avoiding member blowback. Learn how to optimize networks for cost and quality, while reassuring your employees that they can still access the care they need.
These are the slides displayed during the September 28th webinar on Understanding the Importance of ACOs presented by ROI2 and hosted by Dr. Barry Mennen, MD. With Matt Eyles and Jim Smith.
The evolution of life science ecosystems: Five effective innovation approache...IBM in Healthcare
The life sciences industry, like many others, faces broad disruption and challenges on fronts ranging from technology to regulation to product resourcing. Traditionally, innovation has been a key driver of success for life sciences organizations, and it will continue to play a critical role for an industry that seeks to sustain this momentum.This report, the third of the Innovating Life Sciences series, identifies five strategies that differentiate the more successful academic life sciences institutions from the rest.
5 Ways to Ensure Data Quality for Sustainability ReportingUrjanet
Sustainability reporting is only as impactful as the quality of the data being used. If the data driving your reports is incomplete or inaccurate, you could be compromising the nature of your assessments. In this webinar, Urjanet, Measurabl, and Shorenstein join forces to:
-Define data quality
-Outline best practices for collecting and assessing data
-Provide real world examples of why data quality matters
Learn more now!
[Infographic] Turn up Demand Response: Educate and Incent Energy Consumersparago
Energy providers need their customers to participate in demand response programs. However, our recent research reveals that only 14% of consumers are currently participating. Get the “Turn Up Demand Response: Educate and Incent Energy Consumers” infographic now to learn exactly what utility companies can do to increase participation.
How do we know the effect of our policies, programs and investments? By measuring it. We’re not always very good at it, we haven’t been doing it for long enough, or in enough fields, or with enough collaborations, but we’re getting better and more excited and there’s a whole lot going on in this space right now. In this presentation, Emma Tomkinson, a social impact analyst from Sydney, Australia, will showcase examples of collaborative work in social impact measurement from around the globe.
CDC 16 October 2014 event, social impact measurementlibbygauld
The case for change - what is social impact?
Social impact is the effect of an activity on a community and its individuals. Businesses, government, social purpose organisations and knowledge creators seek to create positive, meaningful and sustainable change to individually and collectively address social issues. Social impact measurement is an emerging practice that attempts to capture this change. Why is this of relevance to cultural organisations? Where do we start? Join our next Sydney Cultural Development Collective event to learn more.
mHealth presentation at Wireless Life Sciences Convergence Conference May 201...Mike Wons
Toward a Sustainable Health Care System
Can innovation solve the access and cost problems in health care? What are the prospects for reducing the demand for chronic care services? What are the best models in the health care sector? What can we learn from innovations in other countries?
Session Leader: Ralph Simon, Chief Executive Officer, Mobilium Global
About Medimojo: Medimojo is - Flagship Product of Panakeia Technologies, A healthTech Startup Incubated at NASSCOM, india & BLACKBOX VC, USA.It Helps healthcare service providers with digital solutions to leverage
*Digital transformation,
*differentiate offerings from competition
*generate larger share of consumer/patients healthcare wallet.
Medimojo's Healthcare Revenue Multiplier tool :Marketing Automation & Patient Engagement has a Unique Know, Engage, Manage Patient which enables healthcare service providers with tools to
Plug revenue leakages & generate larger share of consumer/patients healthcare wallet.
Deriving Revenue & Insights by Delivering Right Engagement, with the right message, to the right patient at the right time Via the right Medium.
Benefits to healthcare providers
# meeting the changing Consumer/patients Expectations where they expect deliverance of services at the Place, Time & manner of their choosing.
# leveraging technology & using Algorithm based Data Intelligence to provide a personalised, connected experience to the consumers & enhancing their experience, improving outcomes & increase share of patients healthcare wallet.(SOW).
# Staying Differentiated as a service provider in the changing Landscape of Digital Health & generating revenue opportunity across patients Life Cycle.
Solution offered by Medimojo
cloud based SaaS solutions
enhance Patient Engagement through Patient Engagement Solution(PES)
Marketing Automation tool with intelligent Dashboard to track engagement.
plug revenue leakages & generate additional revenues.
unique Know-Engage-Manage patients directed tools,
generate algorithm based Intelligence from disparate Demographic, Economic, clinical & morbidities Data,
help providers increase patients satisfaction &loyalty
Recommendation Engine for reaching out to the Patient Group for upsell/cross sell.
Beyond Scaling Up: Change and complex health systemsIDS
This presentation was given at the 'Beyond Scaling Up: Pathways to Universal Access' workshop which was held at the Institute of Development Studies, Brighton on the 24-25 May, 2010. This event was co-sponsored by the Future Health Systems Research Programme Consortium and the STEPS Centre. Peters presented on change in complex health systems.
Medimojo Provides Digital tools for promoting corporate wellness. The digital platform induces minute but significant behaviour changes & impact overall wellness amongst employees, thus lowering healthcare costs for the corporate
Outside/In: Building a Community-Centric Strategic PlanYourCareUniverse
This course will review the benefits of conducting a deep dive into the health and wellness needs of your community and identifying gaps. Leverage insights from this research to: > Drive community wellness > Shape business strategy by leveraging data-driven insights > Facilitate collaboration within your service area > Cultivate a loyal consumer base
Explore how the Affordable Care Act and creation of state level and national exchanges has impacted member risk profiles and demand for small-group and individual health plans.
Network Optimization: Why Physician Quality Should Drive Your Benefits StrategyGrand Rounds
Employers and payers are increasingly interested in narrow network or "high performance" networks to control healthcare costs. But there's a science to reshaping your physician network to cut costs while avoiding member blowback. Learn how to optimize networks for cost and quality, while reassuring your employees that they can still access the care they need.
The CMS Innovation Center hosted a special webinar featuring Dr. Patrick Conway, CMS Deputy Administrator for Innovation and Quality and CMS Chief Medical Officer, on Monday, November 10, 2014 from 10:30am – 11:30 am ET. Dr. Conway will provided an update about the work of the CMS Innovation Center and the models being tested to improve better care for patients, better health for our communities, and lower costs through improvement for our health care system. Opportunities for questions were provided.
- - -
CMS Innovation Center
http://innovation.cms.gov
We accept comments in the spirit of our comment policy:
http://newmedia.hhs.gov/standards/comment_policy.html
CMS Privacy Policy
http://cms.gov/About-CMS/Agency-Information/Aboutwebsite/Privacy-Policy.html
Technology-enabled Platform for Proactive Regular Senior-Centric Health Asses...DataNB
Hospitalizations and other negative health events are detrimental to seniors’ health and costly to the healthcare system. Proactive health monitoring may help seniors avoid negative health events and remain safely in their homes for longer. Many seniors do not have the skills, knowledge, or technology to regularly monitor their health at their own at home. Without regular, proactive health monitoring, we cannot identify seniors at risk of negative health outcomes (like hospitalizations) before such events occur. Having trained home support workers (caregivers) use their skills and technology to monitor seniors’ health makes proactive health monitoring more accessible to seniors receiving home care. In this project, trained caregivers use technology to proactively monitor seniors’ health for risk factors that could predict hospitalizations or other negative health outcomes. Seniors’ complete regular health assessments with their caregivers. Caregivers enter the results into a mobile app for analysis. The assessments involve physical health (like weight and blood pressure) and cognitive/mental health (like word recall and quality of life). All equipment is provided in a kit that is stored in the senior’s home. We anticipate that seniors will appreciate regularly checking on their health. Caregivers will benefit from learning new skills and having a new way to positively impact the seniors they care for. We anticipate showing that it is practical to have trained caregivers use technology (secure mobile app) to monitor the health of seniors receiving home care. We also aim to investigate if trends in seniors’ health can predict negative health events, like hospitalizations.
Moving to Value Based Care – Leveraging advanced analytics to measure physici...LexisNexis Risk Solutions
Payment reform and emphasis on value-based care is forcing payers, ACOs, and Integrated Delivery Networks to look for ways through which physician performance can be evaluated and measured over time with the goal of creating highly efficient and effective physician networks. With more pressure and risk moving to physicians – they will expect fair measurement of quality against their peers. Join this webinar to understand the implications of value-based care as it relates to physician performance analysis and why the ability to effectively monitor physicians with less than acceptable cost performance and those with high-quality performance will be non-negotiable.
The webinar introduced the Comprehensive Primary Care initiative to the primary care provider community and covered the service delivery model, including the 5 Comprehensive Primary Care functions, and the milestones participating practices will need to achieve in the first year. The process for applying was also discussed, including information about the application itself.
More at: http://innovations.cms.gov/resources/CPCi-Webinar-for-PCPs.html
- - -
CMS Innovation Center
http://innovation.cms.gov
We accept comments in the spirit of our comment policy:
http://newmedia.hhs.gov/standards/comment_policy.html
CMS Privacy Policy
http://cms.gov/About-CMS/Agency-Information/Aboutwebsite/Privacy-Policy.html
Acute Care Hospital Strategic Plan PowerPoint PresentationAndrea Ratz
This project was done for my class “Strategic Planning for Healthcare Organizations”. After creating the five-year strategic plan, my group created a PowerPoint presentation in order to present our final strategic plan to the class and several other instructors. This presentation was meant to summarize our strategic plan and present the main points of our paper. My role was to communicate with the class what part I researched, which was critical strategic issues and response strategies.
The project was to be representative of how real professionals would present a strategic plan to the board of directors of a hospital. This presentation required use of verbal communication skills, planning and developing skills, organizational skills, and persuasion. When our instructors ranked all the projects, my group came in second place out of twelve other groups.
This presentation from Mile High Healthcare Analytics explores how to capture accurate healthcare marketplace demographics and what these demographics tell us about re-adjusting product design in order to gain valuable insights on how to design products specifically oriented to your exchange members and which existing products make the most sense for your plan's actual population.
This is an overview of the Health Care Innovation Awards grant program. The slide deck provides key information about how to apply for this funding opportunity.
As consumers face more choice, complexity, and financial exposure for their health care in an increasingly uncertain world, they are highly influenced by Age , Income and Education factors.
Payer-Provider Summit Boston 2014 - Presentation "Payer-Provider Partnership Models for Health Care Innovation" with Tom Olenzak, Director, Independence Blue Cross
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
2. The Problem
Hospitals are
discharging
patients early
Readmission rates increase,
which leads to penalties
Readmission
rates show the
quality of care
at hospital
Readmission creates unexpected
costs for patients
Elderly are
most affected
Failure to take medication leads to
another hospital visit
3. Our Solution
Mobile Healthcare Application
• GaugeWear to measure core body temperature, blood pressure and heart rate
• Remote coaching with patients
• Incentivize with coupons/discounts
Goals
• Increase adherence by 35% for patients
• Decrease readmission rate of elderly from 26% to 10%
• Decrease penalty rates from -.61% to -0.5%
4. Market Analysis
Industry Overview
• More than 2,000 mobile health applications in the market
• Expected revenue of $26 billion by the end of 2017 for mobile health applications
• There are currently 272 medication reminder applications in the market
• Main competitors are: Medisafe, Mango Health, and Pillpack
Target Market: Elderly patients, and hospitals who face readmission penalties
• 70% of US adults over 65 have hypertension
• 26% of elderly patients are readmitted within 30 days of discharge
• As of 2016, 14% increase of readmission rates
9. Implementation
• Create a relationship with GaugeWear
• Hire developers to create the application
• Test the application to a few hospitals who face penalty problems
• Establish relationships with hospitals and insurance companies
• Deploy in North America
After secured funding, we will:
10. Use Cases
Glenn Dawson
• Age: 30 years old
• Interests: Rock-
climbing, Hiking,
Reading, Sleeping
• Qualities: Stubborn,
Type-A, Hardworking
Karla Kim
• Age: 75 years old
• Interests: Knitting,
Bingo, Watching
Jeopardy, Couponing
• Qualities: Forgetful,
Compassionate, Frugal
App Subscriptions: We assume in year 1: 200 hospitals will subscribe. In year 2: 1000 hospitals will subscribe. In year 3: 1800 hospitals will subscribe. In year 4: 2600 will subscribe. In year 5: 3400 will subscribe. This is based on 3400 hospitals facing readmission penalties in 2015. (This is based on 800 hospitals performing well; so starting in year one 800 hospitals will be added to subscription, until we meet the number of 3400 hospitals using this app.) Source:http://www.modernhealthcare.com/article/20150803/NEWS/150809981
Advertising on Billboards: $11,000 for four weeks per year based on price from Boston. Source:http://grasshopper.com/blog/billboards-for-small-businesses-7-reasons-to-think-twice/
Advertising on Health and Fitness magazine: $980 for a 1/2 page horizontal. Source: http://www.healthfitness.us/images/HAFM_RateSheet.pdf
Salaries for 2 mobile application developer (22.96 hourly) Year one- 840 hours of development for the app. Maintenance will only be done by one developer and they will 4368 Hours per year of maintenance(every other Friday of the Month).Source: http://www.payscale.com/research/US/Job=Mobile_Applications_Developer/Salary
Salary for marketing specialist: (31 dollars per hour) 35 hours per week = 35 hours*52 week=1820 *$31 *.0639 (tax)= 3605.23 =56420-3605.23= $52,815 Source: http://www.payscale.com/research/US/Job=Mobile_Applications_Developer/Salary
Taxes: 6.39% Source: https://beta.phila.gov/services/payments-assistance-taxes/business-taxes/business-income-receipts-tax-birt/
Salaries for ourselves: 25 percent of gross income for each year plus tax.
Apple store Fee: $99 dollars Source: http://www.techrepublic.com/blog/software-engineer/app-store-fees-percentages-and-payouts-what-developers-need-to-know/
Server: $2000 for a small enterprise Source: http://www.comentum.com/mobile-app-development-cost.html
