2. Caregiving Challenges Are Becoming Unwieldy
FOR INDIVIDUALS …
•44M+ family caregivers, 66M by 2020
•Caregivers spend 4 years, 19hours/week,
$450 billion in uncompensated care
•Over 50% experience stress & burden
FOR EMPLOYERS …
•Caregiving costs employers $17-34B/yr in lost
productivity and healthcare costs
FOR THE MEDICAL SYSTEM …
•Lack of medication compliance among seniors
is #1 cause of hospital readmissions at $6300 per
readmission
Sources: National Alliance for Caregiving, AARP, MetLife,
Health Affairs 2012.
3. And The Landscape Is Changing
Source: Family Caregivers Online – Pew Internet and American Life
Project – July 2012
3
4. In Fact …
39% of U. S. adults care for an
adult or child with significant
health issues.
In 2010, 30% of adults were
family caregivers.
Source: Pew Research Center “Family Caregivers are Wired for Helath” June 2013.
5. Meanwhile … Many Caregivers Still Work
60% of Caregivers Are Employed
Source: Family Caregivers Online – Pew Internet and American Life
Project – July 2012
5
6. And This Impacts Both Caregivers And Employers
Productivity Costs to Employers
$4,000,000,000
$3,500,000,000
$3,000,000,000
$2,500,000,000
$2,000,000,000
$1,500,000,000
$1,000,000,000
$500,000,000
$Replacing
Employees
Absenteeism
Partial
Absenteeism
Workday
Eldercare Crisis
Interruptions
Supervisor
Time
Unpaid Leave
The MetLife Caregiving Cost Study: Productivity Losses to U.S. Business –
July 2006
Full-Time to
Part-Time
6
7. Resulting In Unmanageable Costs
Caregivers Increase Employer Healthcare Costs by 8% Annually
The MetLife Study of Working Caregivers and Employer Healthcare Costs
February 2010
7
8. There Is Hope - Technology Is A Solution
90%
80%
77%
76%
74%
74%
Increase Effectiveness
Reduce Stress
70%
60%
50%
40%
30%
20%
10%
0%
Save Time
Improve Caregiving Logistics
Source: e-Connected Family Caregiver: Bringing Caregiving into the 21 st Century
Study by National Alliance for Caregiving and United Health Group Jan 2011
8
9. In Fact, Multiple Technologies Create Opportunity
90%
80%
77%
70%
70%
70%
70%
61%
60%
50%
40%
30%
20%
10%
0%
Personal Health
Record
Caregiver Coordination
System
Medication Support
System
Symptom Monitor
Video Phone
Source: e-Connected Family Caregiver: Bringing Caregiving into the 21 st Century
Study by National Alliance for Caregiving and United Health Group Jan 2011
9
10. Moreover, Family Caregivers are Wired for Health
72% gather health information
online, particularly about
medical problems, treatments,
and drug.
70% of American track health
data "in their heads."
39% of caregivers manage
medications for a loved one,
such as checking to be sure
pills are taken properly or
refilling prescriptions.
Source: Pew Research Center “Family Caregivers are Wired for Helath” June 2013.
11. eCareDiary – Using Technology to Solve
Caregiving Challenges
• Inspired by personal experience
and Founded by veterans of
healthcare industry
• We Provide relevant content,
tools, and services for caregiving
management
• We help reduce time, cost, and
stress for caregivers/recipients
• Featured in the NY Times, Wall
Street Journal, USA Today, and
Information Week
11
12. The eCareDiary Solution
• eCareDiary offers cloud based tools that can be accessed through a
computer or mobile device to
• Manage appointments, caregiver visits and meals
• Track all medications
• Store Important documents
• eCareDiary offers award winning content and information including
• Articles
• Expert Q&A
• Videos
• Podcasts
• Message boards
• eCareDiary improves care coordination and reduces caregiver stress
12
22. eCareDiary – Weekly Radio Show
• eCareDiary broadcasts 3
radio shows
– Empowering Family
Caregivers Show
– Caregivers and Physician
Conversation
– Caregivers Speak!
22
25. HIPAA Privacy
• HIPAA does not apply because all data is self entered and does not
come from a third party
• Privacy is very important to eCareDiary
• The Care Diary is safe, secure and password protected behind a firewall
• We follow HIPAA rules such as ensuring all data entered into the Care Diary
belongs to the owner and is not shared with anyone
• We use the best technology including Secure Socket Layer to ensure that your
information remains safe and secure
25
