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Xverity Logo
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Xverity Patient@Home Hub
Inspiration
When the patient is in the hospital setting, all of their services are connected and coordinated, but once they discharge to the @Home setting, the services are disconnected both from the patient and from each other. This creates a burden on the Patient at a time when they need to focus on recovery.
What it does
Our Patient@Home Hub gives tools to the Patient to easily manage a multiplicity of medical services like Home Health Nursing, Physical Therapy, Medication and Infusion, but also the social services that they may need like Transportation, Meals, Groceries, Education and even Handyman Services. The Hub Service providers will be names you know like Uber, Task Rabbit, Blue Apron, Peapod and others. The foundational core of the program will also help the Home Health Nursing Service provider be more efficient and effective with a host of tools tailored for them. In the fast growing Patient@Home Market, Our Hub will Activate Patient Engagement, Improve Resource Utilization and Lower Readmissions, which will increase margins for Providers and Health Plans and other Risk Based entities like ACO’s and PACE Programs. Our tools will also enable the Provider to take advantage of new CMS Billing codes. When fully developed, the Hub will connect via tablet or other mobile devices, and voice activated devices like the Amazon Echo or Google Home.## How we built it
Challenges we ran into
The market for Healthcare Technologies can be a crowded marketplace, although our unique Patient@Home Hub sets us apart. Solutions are organized between Application to Platform based, and from Care to Patient centric. Those quadrants define companies growing from Care Management to Care Coordination, to Patient Engagement & finally to Patient Relationships. In that final sector are companies like Zeomega, CoCentrix & Tribridge, but the market is being driven by the Salesforce Health Cloud introduction, which is focused on Enterprise level Health Systems.
Accomplishments that we're proud of
We’ve developed strategic relationships with Microsoft and are part of their Azure Cloud Program; Qualcomm Life, who provides a host of Biometric Devices that connect into our Platform and IT21, a supplier and manager of tablet devices. We’ve been accepted into Startup Health and received funding from Ben Franklin Technology Partners. We also have 3 current paying customers – Polaris Health Directions, a Behavioral Technology company integrating our platform; Friends Life Care, a concierge Health Services provider, and Focus Care, a Nursing Services Company that is white labeling our products in a national rollout. Our SaaS based revenue model calls for monthly PMPM charges averaging around $50 / month, with implementation fees expected in the $15,000 to $25,000 range. Our revenue strategy also includes referral commission opportunities for Xverity from our Hub providers with a revenue share back to our customer which will provide greater financial incentive for them.
What we learned
There is a large growing trend towards patients being treated in the home, and those patients need a more effective tool to help them manage the large number of medical and social services that are critical to their health. Also, their caregivers frequently find themselves disconnected from those services as they assist an aging parent or other family member with their care. We've found that our Patient@Home Hub creates greater engagement with the Patient and allows the Caregiver to remain more informed, all resulting in better Health Outcomes for the Patient and an increased quality of life.
What's next for Xverity Patient@Home Hub
As the Xverity Patient@Home Hub develops, we will expand our network of providers and create a more Holistic Social Virtual Environment for the Patient and their Caregivers that can provide a higher level of social and emotional support.
