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Caregiven, Inc.

Caregiven is the provider of an easy-to-use caregiving platform that gives caregivers the structure, support, and guidance they need to manage the final years of a loved-one through an on-demand, private, and judgment-free mobile resources. As a digital engagement and support tool offered by life and health insurance companies and employee benefits providers, Caregiven ensures aging or ailing loved-ones and their caregivers benefit from a higher quality of life, reduced costs, and peace of mind.
Mission/Vision
Caregiven's mission is to decrease the isolation and overwhelm of caregiving and to offer perspective to normalize the caregiver experience.
Type of Organization
Startup - Newly established businesses, investable
Size of Organization
0-10
Organization Mailing Address

4640 S Macadam Avenue, Suite 270
Portland, OR 97239
United States

Caregiven
Caregiven's digital engagement platform and mobile app offers individuals and families caring for an aging or ailing loved-one the structure, guidance and real-time personalized advice they need to support the care journey of a loved-one. By streamlining all caregiving tasks, medical-legal-financial-logistical-emotional-legacy into a single point solution, Caregiven ensures care partners and their care recipients benefit from a higher quality of life, reduced costs, and greater peace of mind.
Category of Innovation
Digital Health - A digital health solution is a technology-based solution whose user is caring for or providing care for themselves (think of a personal app) or another individual (such as a doctor using a tool to help their patient)
Intended End User
Patient - Individuals who receive health care
Impactful Innovation Stage (Click Here for Details)
Solution
Problem (i.e. barrier, issue, complication, etc.) being solved for the end user
Few moments upend a person's life more than learning that their loved-one has a potentially life-limiting disease or condition. Between understanding the diagnosis, managing medical treatments, addressing urgent legal and financial tasks, communicating with family members, and spending quality time with their aging or ailing loved-one, the new reality for family care partners quickly becomes overwhelming, dissipating energy at a time when it is most needed.

In the United States, 117M aging Americans will need caregiving support yet only 45 million family caregivers will be available. Currently, there are 51M more care recipients than care professionals, leaving 6 million aging Americans with no one to support them. This data points to the unmet market need of providing an empowering end-of-life management solution to the family care partner.

The financial impact on the health and productivity of the 45M family caregivers is significant. Lost productivity due to caregiving responsibilities by their employees' costs employers $33B annually along with an additional $13B in increased medical care expenses. In the next five years in the U.S., 25% of all employees will have caregiving responsibilities.

Although care partner legal, financial and healthcare support services exist as single, one-off services from a multitude of sources, they are costly, fragmented, outdated and often only employed during the last months of the life of the loved-one (via hospice). This leaves a lengthy gap in the offering of care and support. The average duration of an end-of-life journey in America is four years, yet most palliative services are only offered through hospice and not made available until a care recipient has 6-months or less left to live. Thus, 3.5 years of palliative care that supports the physical, emotional and spiritual well-being of both the care partner and the care recipient as they both undergo the end-of-life process together is missing or lost.

When discussions on end-of-life wishes are facilitated it is often too late, when the illness has caused physical and mental deterioration. As a result, less than 40% of aging Americans have any advance medical directives or have communicated their end-of-life intentions. The financial impact this absence causes is significant. A June 2017 report from the Agency for Healthcare Research and Quality reported that $1.7B in annual health-care expenses could be saved if all aging Americans had an advance directive. Other statistics show that the lack of clear end-of-life instructions currently results in $30B annually in unwanted or unnecessary medical interventions, $2B in trust disputes and estate probate, and $27B in increased employee health claims due to complicated grief and long-term depression by survivors.
Idea/solution to the problem, if applicable
Happy to show a product demo in anticipation of our Beta release in September.
Level of adoption (i.e. list of customers/users, testimonials, etc.), if applicable
N/A
Impact (i.e. measurable outcomes), if applicable
N/A
Funding Stage
Seed
List of Funding Sources (if applicable)
Global Insurance Accelerator - $75K/SAFE
Certifications?
No