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Pediatric Home Care Platform: Platform for pediatric home care management

by Assaf Shalvi

Improving reliability and performance of Pediatric Homecare with a proven innovation model
New York, NY United States Home-Based Care Patient and Provider Tools Managed Care Equity Raise

All Team Company Patients Physicians Hospital Partners Innovation Details Investor Info Due Diligence Docs Supporters Comments Updates

About our project

The problem we solve: Pediatric home care is broken, with 90% of referrals to home care getting rejected due to nursing shortages and nurse matches being held up by home care agency staff not optimizing the best matches possible. 15% of patients have delays in discharge, even though they are medically ready to be with their families at home. The average delay is 60 days. 40% of patients lose their assigned care team within the 30 days post discharge and 40% end up readmitted to hospital within 90 days post discharge for various reasons, including staffing or lack of consistent care.

About our solution: Improving reliability and performance of Pediatric Homecare with a proven innovation model Relationships Replacing office based case managers with Nurse Case Managers increase reliability & quality Data Caregivers make better decisions when they have the right data provided in the right channel at the right time Training Providing nurses with professional support & training allows them to make better decisions and do their best work Platform Data driven, machine learning powered team based Homecare management that proved to deliver uplift to Pediatric Homecare operations

Progress to date:

In 2019 alone 10 million pediatric homecare hours were delivered using SwiftShift by homecare agencies with the following impact:

- 130% increase in average hours delivered per office

- 70% user adoption with over 2,500 weekly active users

- NPS score of 34 - 70% promoters

- Improved discharge and hiring conversions

About Our Team

Creator: Assaf Shalvi

Location: New York

Education: MBA from Insead

Bio: Assaf Shalvi began his career as an Israeli naval officer, after which he immediately forged leadership roles in business management and consulting for software R&D, finance, and medical industries in Israel, England, and the US. Shalvi’s experience includes work with RBS Projects, MAXIMUS, and A4e, among others. He holds an MBA from international INSEAD, and a business and economics degree from the esteemed Hebrew University in Jerusalem. Assaf founded SWIFT SHIFT in 2014 in order to bring SaaS solutions that deliver the most home healthcare to the most patients.3 years extensive experience in working with large home care providers to improve operations with technology Pivoted the company across 3 value propositions and 3 different markets in 3 years to find product market fit

Title: CEO

About Our Company

Swiftshift

Location: 149 Fifth Avenue
FL 9
New York, NY 10010

Founded: 2

Website: http://www.swiftshift.com

Twitter: @swiftshiftc

Facebook: https://www.facebook.com/SwiftShiftHomeCare

Product Stage: Prototype/MVP

Employees: 5-10

How We Help Patients

Using Swift Shift, agencies and their nurses will allow patients to be able to return home from hospitals, receive reliable care, and manage them in the comfort of their own homes. This saves discharge delay costs, clears beds in hospitals for new patients, and provides greater comfort and personalized care to patients.

Our platform delivered 20 million pediatric Homecare hours. In 2019 alone 10 million pediatric homecare hours were delivered using SwiftShift by homecare
agencies with the following impact:

- 130% increase in average hours delivered per office

- 70% user adoption with over 2,500 weekly active users

- NPS score of 34 - 70% promoters

- Improved discharge and hiring conversions

How We Help Physicians

Our platform helps nurses with:

- Higher pay and better work conditions 

- Ability to grow their “micro business” and focus on care

- Ability to work locally

How We Help Hospitals

Our platform helps with hospitals through

- Saving discharge delay costs

- Clearing beds for new intake

- Offering a partner for a home healthcare alternative when it is desired by patients and timing is suitable.

How We Help Partners

Out platform helps with health plans:

- Save money on hospital days

- Happier membership

- Data driven decisions

Innovation Details

Intellectual Property Summary

Our intellectual property is the code our team has written to develop our web and mobile platforms.

Clinical Information

The Problem: It’s hard to find reliable pediatric homecare.

- 90% of requests for transition from hospital to homecare get rejected.due to nurse shortages.

- 15% of the children stay in the hospital beyond the discharge date.

- Average delay is 2 months

- 40% of children lose their assigned care team within the 30 days post discharge

- 48% end up readmitted to hospital within 90 days post discharge because of unreliable homecare service

A study performed by Bayada Home Health Care in a pilot project revealed that our software lead to increased talent acquired, stronger retention of health care practitioners and the ability to fill more shifts.

Regulatory Status

N/A - we are a home health care matching platform which doesn't require FDA approval.

How we will use the funds raised

The use of the funds will to market and scale our platform for pediatric home care management. We will allocate part of the funds raised to recruit and hire nurses through partnering agencies and match the pediatric nurses to patients. We will also be investing in our technology to develop a leading web and mobile platform for nurses, home care agencies, referral sources and families needing services.

Each year 500,000 children are in need of Complex Medical Care.

The cost of servicing them is $100 Billion a year due to high use of emergency departments, long hospitalization periods and frequent hospital admissions. Despite being the most cost-effective option, pediatric home care accounts to only is $10 Billion a year. The Pediatric home care market is growing 8.3% a year.

The Problem: It’s hard to find reliable Pediatric home care nurses and aides and

90% of requests for transition from hospital to home care get rejected due to nursing shortages, and a constant battle over effective scheduling and coordination, many times between multiple home care agencies. Over 40% of children lose their assigned care team and have open shifts within the 30 days post discharge and 48% end up readmitted to hospital within 90 days post discharge because of unreliable home care service.

Our Solution:

Empowering the Caregivers to manage home care. Our platform will be used to recruit pediatric care teams and match them with patients. Our platform improves reliability and performance of pediatric home care through:

- training and support for nurses to enable them to make better decisions and perform better

- data provided to care teams to allow them to make better decisions

- replacement of office based case management with nurse case management

Thank You

Each year 500,000 children are in need of Complex Medical Care. The cost of servicing them is $100 Billion a year due to high use of emergency departments, long hospitalization periods and frequent hospital admissions. Despite being the most cost-effective option, pediatric Home care accounts to only is $10 Billion a year. The Pediatric home care market is growing at 8.3% a year.

The Problem: It’s hard to find reliable pediatric homecare and 90% of requests for transition from hospital to homecare get rejected.due to nurse shortages. Over 40% of children lose their assigned care team within the 30 days post discharge and 48% end up readmitted to hospital within 90 days post discharge because of unreliable homecare service.

Our Solution: Empowering the Caregivers to manage homecare. Our platform will be used to recruit pediatric caregives and match them with patients. Our platform improves reliability and performance of pediatric homecare through:

- training and support for nurses to enable them to make better decisions and perform better

- data provided to caregivers to allow them to make better decisions

- replacement of office based case management with nurse case management

 

With Swift Shift:

- There is a better hiring process as caregivers choose their clients and are hired to work for a specific client and team. The caregiver teams conduct hiring with support of technology in 2-5 days.

- There is better work settings, flexibility, ownership and pride as nurses manage their own cases with the help of a call center and technology. 

- As each team grows, it is split to 2 teams. Ensuring continuity of care and relationships.

Investor Info

Market Size

The Total Market Opportunity represented by the home healthcare market is $10 billion per year. It is growing at double digits per month, driven by structural trends. Everyone will need homecare services at some point in their lives. 

There is over $1 trillion of annual Medicare and Medicaid managed funding which will go to whoever can prove that they can use homecare to manage healthcare risk and utilization.

Our platform is an avenue to managing risk for 44M Medicare members who expect to grow to over 90M in the next 20 years.

Projected 3 Year Growth

In the next 3 years we expect to be at $30M in revenue, with 70% gross margins, and 3,500 nurses in our network serving patients with 3M billable hours in the network.

Revenue Model

We believe our platform will be used by partnering agencies to recruit and manage caregivers and enable them to care for their homecare patients using technology. Our revenue model is to charge the agencies who employ the nurses a portion of the revenue which the nurses bill to insurance companies for their services.

Competitors

Competition consists of traditional “brick and mortar” homecare operators like Bayada, Aveanna, Vesta. We are a leader by innovating in the home healthcare industry.

Traction

Our marketing funnel has been proven and we have been able to successfully recruit and onboard nurses onto the Swift Shift platform.

In a pilot program we achieved the following:

- 2.7K/4.4K (61%) onboarded on the app, with 2,423 weekly active users

- 57K application hrs received, resulting in 47.6K hrs filled

- 303 field employees participated in our NPS survey and  provided a positive score of 20

Due Diligence Docs

Please note that access to the company's confidential materials is limited. Click this button to request access from the Company and its representatives.


Supporters

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    Alex Fair
    07/31/2020 - Interested in investing in the project.

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  • 35 Days left

$ 2,000,000 goal


Assaf Shalvi
CEO
MBA from Insead

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