Download Nonnatech Presentation - Winter 2015 IoT Startup Event

Redefining Care for Seniors and
the Chronically Ill
Gary German
President & CEO
New York, NY • www.nonnatech.com • @nonnatech • [email protected]
Demographic Trends
The world’s senior population will double in nearly 20 years:
Today:
600MM
2037:
1,200MM
Problem: Older Adult Long Term and Acute Care
Admissions - Cost of Care By the Numbers
Alzheimer’s disease and other
dementias now rank among the
The 4
Main
Diseases affecting older
top 20
leading causes of
global burden of disease.
populations are depression,
fractures and concussions due to
falls, memory loss, and urinary
incontinence. Women suffer more
from these disabilities than men.
Urinary Tract Infections
are the 2nd most
common cause of
infectious disease
hospitalizations in adults
aged 65 and older
The UN estimates that the worldwide cost of dementia
is over $600
Billion
a year
Sources: United Nations| Centers for Disease Control and Prevention | National Alliance for Caregiving |
Congressional Budget Office | AARP
Solution: Nonnatech
Individual Patients/Residents/Members:
User Needs Assistance Screenshot
Large Groups of
Patients/Residents/Members
Creates a pathway to lower level interventions, thus containing costs and reducing
avoidable emergency department visits, hospitalizations, nursing home
placements, and overall admissions to higher levels of care.
Solution: Nonnatech
Allows for continuous monitoring of falls, wandering, and
potential health risks such as Urinary Tract Infections, Sleep
Apnea, Depression, and Dehydration
Connected Health
Devices
Predictive
Analytics
Proactive
Management of
Disease
Tracks medication adherence, fluid intake, and Activities of
Daily Living such as sleeping, eating, toileting, and socialization
patterns
Reduction of
Hospitalizations and
Nursing Home
Admissions
Nonnatech Sensors
Bed Sensor
Toilet Sensor
Chair Sensor
Incontinence Sensor
Nonna Button
Floor Sensor
Competitive Advantages
 No other company has integrated as many unique unobtrusive devices to
provide real-time monitoring and automatic data transfer to clinicians, family
members, and home care staff which can be passively collected (i.e., no self
reported data)
 Our data has shown over 35% fewer ED visits, 14% fewer days in long-term
care, and 7% fewer inpatient admissions in elderly and chronically ill individuals
 Savings of over $500 per patient per month (PPPM)
 5x return on investment (ROI) per member
 Platform is device agnostic. Can support Z-Wave, Zigbee, ANT+, and Bluetooth
 Helps users control lights and appliances and does not require users to wear
nor carry a device around
How We Create Value
BENEFITS TO OUR HEALTHCARE
PARTNERS
Early Detection
& Intervention
• Better Care Management
Assessments
Connected
Health Devices
& Reports
• Ability of individuals to remain in
their current living environment for
longer periods of time
• Reduced Admissions to Higher
Levels of Care
Chronic Disease
Management
Predictive
Analytics
Continuous
Monitoring
• Increased Staff Efficiencies
• Increased Medication Compliance
• Higher caseload per clinician
• Greater Transparency
Business Model
TIER 1
TIER 2
$89
$119
/month/per user
/month/per user
(billed monthly)
(billed monthly)
• 4 sensors - (2 sensors from Set I and
2 sensors from Set II)
• Set I sensors: Motion, Contact/Door ,
Siren, Power Controller, Water,
Pendant, Temperature, Range Extender
• Set II sensors: Nonna Button, Bed,
Chair, Toilet, Wifi Camera
• Additional sensors can be purchased
for a 1 time fee of $49 from SET I and a
1 time fee of $99 from Set II
• Internet and 3G connectivity to
seamlessly gather data
• Use of offsite call center
• Triage and filter all incoming data into
acuity levels (risk stratification)
• Evaluate patient generated data and
make personal contact for assessment,
when indicated
• Notifies individual’s attending staff per
set protocols
Our Team
Gary German, Co-Founder & Chief Executive Officer
Leads overall company vision, setting strategy for technical vision, market
penetration, customer acquisition and business development
● Worked in healthcare, finance and co-founded real estate company handling
acquisition, management, and disposition of multiple investment properties
●
Dr. Bruce Baumgarten, Co-Founder & Chief Clinical Officer
Won numerous commendations for excellence in clinical care and organizational
efficiency while serving as CEO and President of large healthcare organizations
● Took a nearly bankrupt agency with a huge operating deficit and turned a profit for
4 consecutive years while increasing staffing from 68 to over 400
●
Jason Oliver, Chief Technical Officer
Helps oversee product development, technology strategy, and manages company’s
IP strategy and solution architecture
● Has been part of successful exits selling a technology company he founded for over
$30 million
●
The Opportunity
Achievements to Date
• Revenue Generating
• Patent Pending – Anticipate awarding of the patent in early 2016 (application #14212423)
• Chosen to participate on the SmartAmerica Closed Loop Healthcare team launched by the White House
Presidential Innovation Fellows and NIST
• Formed several strategic partnerships
Currently Raising
$2,000,000
Following are milestones we will achieve with the financing:
• Commercialization of the combined
IBM Watson/Nonnatech solution
• Expand on our rollout with Sprint,
Verizon Wireless, and one of the largest
distributors in the world.
• Finalize several of our pending
partnerships with payors and providers
Use of Funds
Thank You!
Q&A
[email protected]
www.nonnatech.com
@nonnatech
914-439-4288