Health Pal

Description:

Problem and Trends: With the inclusion of smart emergency detection and emergency alert systems, we also try to find a way to reduce the amount of fatal accidents and deaths due to unattended heart attacks. Cardiovascular disease is the leading global cause of death, accounting for more than 17.3 million deaths per year in 2013, a number that is expected to grow to more than 23.6 million by 2030. In addition, there are millions of elderly people who may need emergency care. Most of them cannot remain under constant human supervision all the time and require smart autonomous monitoring and quick response system to any emergency situations.

Solution: HealthPal offers a simple solution that provides health, activity and sleep monitoring, automated and manual emergency alerts, as well as geolocation services for a rapid emergency response.

Business Model

Value proposition

HealthPal provides many features in a single application. We are more keen towards health issues because we believe that this should be our primary focus and also strive to offer a product which is affordable and useful. We also aim to incorporate many innovative features in the field of smart wearable technology, since the ease of use and smart wireless notifications are highly popular. The main features of HealthPal are health monitoring, geolocation services and intelligent alert system for emergencies. It will also include additional options such as sleep pattern analysis and exercise activity tracking. Our goal is to make HealthPal as useful as possible, while keeping in mind the main objective of improving and potentially even saving lives.

Customer segments

Our potential customers include busy parents and professionals in search of an efficient and easy way to monitor their health. We also focus on athletes looking for a simple and easy application to track their activities, or people with busy schedules who can’t take proper care of their elderly/sick relatives without constant monitoring or aid from caretakers. Finally, our biggest customer segment are the people with chronic illnesses and cardiovascular diseases who require frequent check-ups and a smart emergency alert system in case of a heart attack or other dangerous and possibly fatal situations. We believe that the project is useful and applicable to all the customers that are concerned about their health. It is suited for families, friends, relatives or doctors taking care of a person who may need help in an emergency.

Revenue streams

HealthPal has three main revenue streams.
Basic functionality of the app is free for the users but will be served with ads. These ads will earn money for the company. The second revenue model for our project includes charging the consumers €10/year for the ad-free application. Remote reports & analysis add-on will cost the users €5/month. This model can also include selling licenses to our APIs to third parties under certain terms and conditions. The other one consists of commissions from partner institutes such as hospitals or elder care facilities that shall be encouraging their patients to use HealthPal for a healthy lifestyle and in order to track their daily activities for development of better and personalized schedules.

Team

Archana Wale

Maxim Ivanisov

Sandeep Singh Karwal

Santosh Kumar Sah