Spencer Waugh, Founder of AceAge, was inspired to launch his entrepreneurial journey during a family dinner in 2014. A casual conversation about a final-year engineering project became the catalyst he needed to turn an idea for helping his grandfather into an industry-changing product.
Waugh’s grandfather was admitted to the hospital eight times that year because of his inability to keep his drugs organized and take them as needed. Waugh discovered that up to 90 per cent of patients fail to take their medication properly, which results in 28 per cent of emergency room visits and 23 per cent of nursing home admissions.
That revelation led Waugh to invent Karie, an automatic medication delivery system that not only ensures that patients take their medications at the right time, but it also records all the relevant data in the back end for the caretakers and researchers. Karie is improving the way clinical researchers conduct studies to improve adherence to drug dosage regimens and to relieve burdens on the healthcare system.
The improper use of medications is a $300-billion problem in the United States alone. Many have tried to solve this problem with alarms and apps, but these solutions often fall short as little more than glorified alarm clocks with snooze buttons. Karie is being hailed as a triple win by improving the health of patients while cutting costs for governments.