Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the healthcare sector. This time, you get to discover 5 hand-picked startups developing nursing home solutions.
Global Startup Heat Map: 5 Top Nursing Home Solutions
The 5 healthcare startups you will explore below are chosen based on our data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. This analysis is based on the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 1.3 million startups & scaleups globally.
The Global Startup Heat Map below highlights the 5 healthcare startups & scaleups our Innovation Researchers curated for this report. Moreover, you get insights into regions that observe a high startup activity and the global geographic distribution of the 125 companies we analyzed for this specific topic.
Caring Elders provides Software-as-a-Service (SaaS) for Nursing Homes
Staffing issues, medication management, and other operational difficulties that nursing homes face require prompt action. Software solutions assist in overcoming such challenges and ensure smoother operations in nursing homes. To this end, startups develop SaaS solutions for nursing homes to improve overall healthcare delivery for elderly patients.
Indian startup Caring Elders creates a SaaS platform for nursing homes. The platform integrates with existing enterprise software and adds value in terms of lead management, electronic health records (EHRs), managing staff, and optimizing purchasing requirements. Additionally, the platform features telemedicine options including audio & video consults with medical professionals. The platform is available through subscription plans based on the number of users ranging from 2 to 100.
Beemind leverages Computer Vision & AI to enable Care at Home
The elderly in nursing homes require constant care in terms of medication management and physical assistance as they are more prone to injuries resulting from falls. Computer vision enables the surveillance of patients and detects falls. As a result, startups develop AI algorithms using computer vision data to predict potentially hazardous situations and improve the safety of elderly patients.
Turkish startup Beemind leverages computer vision and artificial intelligence to enable effective home care for the elderly. The startup analyzes the movement patterns of the patients and reports daily wellness information, unusual activities, or potentially dangerous events to their caregivers. The highly automated monitoring system encrypts the visual data in a non-recoverable form with the startup’s proprietary technology for privacy. Moreover, the AI understands the patient’s moods and, over a period of time, automatically detects anomalies in the moods of the elderly.
Tellus enables Continuous Monitoring of Elderly patients
Many nursing homes offer continuous video surveillance of their elderly patients for safety reasons. However, elders have to compromise privacy to ensure their safety. This creates an avenue for startups to develop solutions that ensure privacy and safety. For example, radiofrequency monitoring eliminates video surveillance but also detects falls or anomalies in vital signs such as heartbeat and breathing rate.
The US-based startup Tellus offers a health monitoring device to track elderly patients’ wellbeing. The startup’s device monitors and analyzes the health of a person without the use of wearables or video cameras. Moreover, Tellus provides actionable insights and real-time alerts based on the data the device collects to improve the quality of care and operational efficiency in nursing homes.
Conpago provides Software for Nursing Home Operations
Some of the common operational difficulties in nursing homes include staffing issues, procurement challenges, and medical transcription management. Speech-to-text solutions enable easier handling of health records. Further, software solutions enable the integration of enterprise planning functions such as procurement, billing, finance, and management to enable smoother operations in nursing homes. To this end, startups develop software solutions to increase operational excellence in these facilities.
Australian startup Conpago develops software solutions for nursing homes that include an integrated digital platform for communication, client engagement, and management. The platform also features mobile applications, administrative dashboards for managing home care, retirement living, and residential aged care facilities.
EchoCare Technologies offers IoT Monitoring Solutions for Nursing Homes
Elderly patients often suffer from various conditions ranging from simple age-related problems to severe physical and mental degeneration. The intensity of care varies from patient to patient and due to this nursing homes are either understaffed or caregivers are not able to provide the necessary standards of care. Startups leverage The Internet of Things (IoT) sensors including motion sensors and vital signs monitoring sensors to tackle this challenge.
Israeli startup EchoCare Technologies uses the IoT to enable smart monitoring in elderly care homes. The startup’s solution is a non-wearable, home monitoring system that automatically alerts caregivers about any emergencies. The ECHO system is based on a proprietary radio frequency sensor instead of video cameras to ensure privacy and covers a standard apartment with a single device. Further, the device is a simple ceiling or a wall deployment to detect falls, stress levels and monitor sleeping patterns.
Discover more Healthcare Startups
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