Last night a panel of judges unanimously voted WatchRx winner of the Boston Scientific Connected Patient Challenge. Co-founded by Arun Budur and Jayanthi Narasimhan, WatchRx was one of six finalist teams presenting at Google’s Cambridge headquarters in Kendall Square.
Seniors are expected to account for 20% of the U.S. population by 2030. WatchRx is an all-in-one device dedicated to helping seniors age at home safely by combining a medication management system with a personal emergency response system (PERS) in one easy-to-use wearable.
With two out of every three older Americans suffering from chronic conditions, the need for solutions that address medication compliance is widely recognized. With that said, many of the solutions currently on the market involve the use of a smartphone, even though less than 10% of seniors over the age of 75 are reported to be smartphone owners, according to the Pew Research Center.
WatchRx’s appeal is that it combines voice and display instructions to help seniors comply with medication regimens without the use of a smartphone or app.
Furthermore, WatchRx has the added benefit of connecting patients to caregivers with features such as alerts in the case of missed doses, daily “R U OK?” checks, real time GPS tracking and emergency phone capabilities.
“At the end of the day the judges felt that the winner did an outstanding job researching their market, their customers, and knowing what their customers want,” said James Ryan, co-founder of Medstro and senior editor of MedTech Boston, before announcing WatchRx as the winner. “They have a business model that makes sense in the real world, is scalable, and the market is very very large.”
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