Our technology could be broadened for use in the home and it’s something we hope to be able to do in the future. There are several reasons we’re focusing on hospital settings at this stage of development. For one, they’re more controlled; most hospital rooms have largely the same configuration (one bed, one chair, etc.) for the camera to work with. We hope to expand to settings like hospital common rooms before moving on to the home. The pay channels are also clearer for marketing to hospitals, since making our product available to home users will require work with insurance companies. We believe we can demonstrate a reduction in the cost of fall risk and of fall risk reduction technology for hospitals before exploring other avenues.
We consider Ocuvera to be a ‘most viable’ product. Our work so far has generated a good amount of investor interest, and we’ve found partners in local hospitals and fall researchers who see what we’re doing as a viable solution to a significant problem. At this stage, our product is nearly ready to go to market. Feasibility studies and a pilot are good next steps for us to continue improving our product as we prepare to make it available as a fall risk solution.