4640 S Macadam Avenue, Suite 270
Portland, OR 97239
The Caregiven application provides much-needed support to family care partners from the moment of diagnosis and throughout care journey (on average, a 4-year time frame). It addresses the complexity of a potential or probably end-of-life scenario delivering contextualized, timely services, support and suggestions that are responsive to the stage and condition of the patient and the experience and needs of the care partner. Suggested and supported services are as diverse as the experience itself and support health providers, palliative care providers, benefits partners and other services such as documenting beneficiary delegation and estate and wealth planning.
Caregiven guides family care partners to the integrated supports and services they need, when they need it empowering them in their responsibilities to their care recipients. The result is an "engaged caregiver," with the end goal of empowering the care partner to provide better and longer care in the later life of the loved-one. The National Bureau of Economic Research has found that care recipients with a family caregiver are one-third less likely to use the emergency room, half as likely to be admitted to hospital, and those who were admitted stayed 13 days less and were 25% less likely to be readmitted, and in general were less likely to suffer health factors such as pneumonia and bed sores.
Caregiven's digital delivery of legal, financial and healthcare late-life services support will yield similar results as a 2007 UCSF study which revealed that in-home palliative care reduced overall healthcare costs by 33%. Additionally, a 2011 study found that inpatient palliative care units reduced daily hospital costs by 74%.
Caregiven offers increased access to palliative care services as a low-cost solution to the very high-costs associated with care by leveraging highly curated and personalized technology in addition to and in the absence of professional care providers.
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.