Business Model Canvas

Key Partners:

  • UnitedHealth Group
  • Optum
  • Insurance Companies
  • Doctors
  • Caregivers

Key Activities:

  • Provide an ecosystem of three unique products that can work together in order to provide optimum tracking and care
    • Track health statistics of senior citizens
    • Monitor daily activities
    • Update family and friends on their loved ones’ daily lives
    • Alert emergency contacts in case of a health or safety crisis
    • Integrate all vital statistics and activities into one database
  • Improve the aging-in-place process of senior citizens

Key Resources:

  • Materials to develop technological devices
  • Software to integrate all devices
  • Technology adaptable to our devices in hospitals and doctors’ offices

Value Propositions:

  • Peace of mind
  • Ease of use
  • “One-stop-shop” to view vital statistics and activities
  • Constant connection
  • Effortless tracking
  • Preventative care
  • Lifecycle product that can be adopted later on in life
  • Lengthen independent living and improve aging-in-place

Customer Relationships:

  • Constant input from users
  • Users’ family and doctors are always in the loop

Channels:

  • Insurance companies
  • Personal doctors/doctors’ offices
  • Advertising

Customer Segments:

  • Market to middle-aged consumers with elderly parents. Ideally, they will purchase the ecosystem for their parents
  • Elderly individuals living in the home are the ideal users of this product
  • Doctors will be involved in the process by becoming part of the ecosystem and using the products to keep track of their patients
  • Family members and friends are crucial in the adoption process of the ecosystem. They will use the products to become updated on the wellbeing of their loved ones.

Cost Structure:

  • Research and Development
  • Marketing
  • Cost of production and implementation

Revenue Stream:

  • Low cost of production, can markup for value of service provided by ecosystem
  • Possibility of introducing a subscription-based pricing structure
  • Potential to lead to substantial savings in the healthcare industry