WEBVTT

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>>GERRY: IT'S TIME NOW FOR THE
BUSINESS OF HEALTH...BROUGHT TO
YOU BY HENDRICKS REGIONAL
HEALTH.

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FIFTEEN FAMILIES IN BLOOMINGTON
ARE TESTING A DEVICE INVENTED BY
A YOUNG ENTREPRENEUR AND INDIANA
UNIVERSITY ALUMNUS.

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CAREBAND IS A SAFETY BRACELET
THAT MONITORS THE LOCATION OF A
SENIOR WITH DEMENTIA OR
ALZHEIMER'S DISEASE.

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IF THE PERSON WANDERS OUTSIDE A
PRE-DETERMINED SAFETY ZONE, THE
BRACELET ALERTS FAMILY OR A
CAREGIVER.

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INSIDE INDIANA BUSINESS REPORTER
KYLIE VELETA IS HERE NOW WITH
THE DETAILS ...
>>KYLIE: THANKS, GERRY.

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CAREBAND SAYS THE BLOOMINGTON
PILOT STUDY IS THE FINAL STEP
BEFORE THE DEVICE IS ON THE
MARKET IN JUST A MATTER OF

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MONTHS.
ADAM SOBOL, CAREBAND'S FOUNDER
AND CHIEF EXECUTIVE OFFICER
JOINS ME NOW... IT'S GOOD TO

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HAVE YOU ON.
>> THANK YOU SO MUCH FOR
HAVING ME.
>> I'VE BEEN FOLLOWING YOU FOR

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A FEW YEARS SO YOU'VE REACHED A
BIG TURNING POINT NOW, BUT
BEFORE WE GET INTO WET SNOW TELL
US A QUICK INTRODUCTION TO

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CAREBAND.
>> RIGHT NOW 5.3 MILLION
SENIORS LIVING IN THE U.S. WITH
DIMENSION 60 PERCENT HAVE A

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TENDENCY TO WANDER AND GET LOST
SO IT'S A WEARABLE TECHNOLOGY
THAT TRACKS REAL-TIME INDOOR AND
OUTDOOR LOCATION WITHOUT WI-FI

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OR CELLULAR TECHNOLOGY OF THEIR
WHEREABOUTS.
>> WHAT I THINK IS NEAT IS IT
CAN BE USED IN A PERSON'S HOME

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BUT IT SET UP FOR OTHER
FACILITIES AS WELL.
>> WE ARE LOOKING AT THE
CONTINUUM OF CARE ALL THE WAY

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FROM THE PERSON AT HOME TO THE
NURSING HOME TO ASSISTED LIVING
AND INDEPENDENT LIVING SO IT CAN
BE FIT ACROSS EVERYWHERE.

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>> I THINK OF THE SENIOR
WEARING THE BAND, BUT ON THE
OTHER END OF THE PRODUCT IS AN
APP SO TELL US HOW THAT WORKS.

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>> REALLY THERE ARE TWO
STAKEHOLDERS SITS THE SENIOR
WITH DEMENTIA SO WE WANT TO KEEP
THEM SAFE AND HELP THEM STAY

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SAFE AS WELL AS THE FAMILIES AND
THEIR CAREGIVERS HAVE PEACE OF
MIND, SO FAMILIES CAN LOOK AT
THEIR ABSENCE SEE WHERE THE

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PERSON IS AND SEE ANALYTICS
ABOUT THEM DID THEY GET UP IN
THE MORNING AND GO TO BREAKFAST
AS WELL AS HE DID THEY GO OUT OF

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A PREDETERMINED ZONE AND TRACK
THEM TO GET THEM BACK TO SAFETY.
>> TALK ABOUT IN A FACILITY
THAT YOU CAN WATCH MORE THAN ONE

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SENIOR AT A TIME FOR A NURSE OR
SOMEONE WAS WATCHING OVER A LOT
OF PATIENTS.
>> WHAT WE KEEP HEARING BACK

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FROM PILOT TESTERS AS YOU
BASICALLY CAN LOOK AT OUR MAP
AND SEE EVERYBODY'S FACE ON THE
MAP AND SEE WHERE EVERYONE IS

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ALL THE TIME SO IF YOU WALK INTO
THE FACILITY AND YOU DON'T KNOW
WHERE YOUR MOTHER IS YOU CAN
LOOK AT THE MAP AND FIND HER AND

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DIRECTLY GO SAY HI TO HER.
>> THAT'S GREAT.
TELL US ABOUT THE PILOT STUDIES,
THREE OF THEM GOING ON RIGHT

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NOW.
>> TWO IN CHICAGO AND ONE IN
BLOOMINGTON PICK THE ONE IN
BLOOMINGTON IS GOING VERY WELL.

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WE HAVE 15 PATIENTS OR PEOPLE AT
HOME LIVING WITH DEMENTIA AND
THEIR SPOUSES WORKING WITH
CAREBAND IN THE PRODUCT.

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>> YOU MENTIONED THIS EARLIER,
BUT I THINK YOU MENTIONED ALSO
IT'S AN IMPORTANT DISTINCTION TO
MAKE IT DOES NOT USE WI-FI AND

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DOESN'T USE CELLULAR TECHNOLOGY
SO FOR THOSE OF US WHO ARE NOT
QUITE AS TECHY AS YOU EXPLAIN
WHY THAT MATTERS.

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>> THE VALUABLE PART ABOUT THE
TECHNOLOGY AS WE CAN GO ANYWHERE
DON'T RELY ON A FACILITY OR
SOMEONE'S HOME TO HAVE WI-FI

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WHERE A LOT OF PEOPLE DON'T HAVE
THAT TECHNOLOGY TODAY SO WE ARE
USING A LOW-POWER WIDE AREA
NETWORK TECHNOLOGY AND THIS GOES

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ABOUT 3 MILES AROUND SOMEONE'S
HOME AND BUILDS OFF EACH OTHER
SO BLOOMINGTON WE PUT UP A FEW
DIFFERENT GATEWAYS AROUND THE

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CITY SO WE HAVE A NETWORK --
CAREBAND NETWORK AROUND THE
ENTIRE CITY, WHICH CONTRACT THE
PERSON WHEREVER THEY ARE.

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>> UP TO 3 MILES.
AND PRESS OF.
YOU MENTIONED REALLY AT THE END
OF THE DAY THIS ACTUALLY HELPS

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SENIORS STAY INDEPENDENT LONGER.
>> THE VALUABLE PART WHAT WE
WANT TO DO IS HELP AS MANY
PEOPLE AS WE CAN.

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A LOT OF SENIORS RIGHT NOW AND
IT'S ONLY GOING TO INCREASE IN
THE NEXT 20 YEARS WITH THE BABY
BOOMER POPULATION SO OUR GOAL IS

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TO HELP AS MANY AS WE CAN IN THE
U.S. AND AROUND THE WORLD.
TO KEEP PEOPLE AT HOME AS LONG
AS THEY CAN AND KEEP THEM

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INDEPENDENT AND AGING IN PLACE
SO THEY DON'T HAVE TO GO TO A
NURSING HOME OR ASSISTED LIVING
AND TYPICALLY WITH DEMENTIA,

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PEOPLE ARE AT HOME FOR A WHILE
AND THEY EXHIBIT A TENDENCY TO
WANDER AND GET LOST AND THAT
PUSHES PEOPLE TO HAVE 24/7 CARE.

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SO USING THIS TECHNOLOGY THEY
CAN STAY IN THEIR HOME LONGER
AND HAVE SUPPORT AND PROVIDE
PEACE OF MIND TO FAMILIES.

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>> AFTER YOU WRAP UP THE PILOT
STUDY, WHAT IS NEXT?
>> WE WILL TAKE WHAT WE
LEARNED FROM THE PILOT STUDIES

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AND REFINED A FEW THINGS AND
THEN BE LAUNCHING THIS SUMMER.
>> GOOD LUCK.