Spencer Waugh, CEO and Founder of Ace Age was moved to create a healthcare solution after watching a family member struggle with taking their medications. Waugh’s family member, like many with various medical prescriptions was using the plastic pill boxes (with each day of the week labelled on it) as a tangible reminder to organize and take them each day. But Waugh observed that having a container to organize pills wasn’t enough. His family member struggled to first organize and then take the pills everyday as needed, which ultimately resulted in multiple emergency visits to the hospital over the course of one year. Waugh knew there had to be a better way to assist those who needed to take multiple prescriptions everyday to live a healthy and happy life. That is when the development of Karie began.
Ace Age has created a medication delivery system that provides automatic medication organization, scheduling, monitoring and dispensing. After 3 years of development, they are preparing to launch their home health appliance, Karie.
Karie is a medical device created to make it easy for people and their loved ones to take the right medication at the right time. Karie uses common high-dose pouch packaging where pharmacists pre-organize the medications for you. After placing a preloaded cartridge inside the device, Karie then reads the information on the packaging and automatically creates a medication schedule. Karie takes the prep work and the guesswork out of knowing when to take your next scheduled dose of medications. Should a Karie user be leaving home for more than one day, they can tell Karie the number of doses they will need while away and Karie will dispense those prescriptions as needed. Karie offers peace of mind to its users and and empowers greater independence through its usage, a meaningful mission fulfilled for Waugh.
Karie was under development for approximately 3 years, so the team was thrilled when they secured a large finance round in the summer of 2017, which allowed them to accelerate the progress of building their hardware and software product,
“It took time to get the product right. Five iterations to be exact, including testing with patients, research with the healthcare system, usability studies with U of T and putting it out into the public for further testing and much more. What I wasn’t expecting though, was the results from our test cases. There was a 300% increase in the accuracy and satisfaction of taking medications properly.”
With approximately 5 million Canadians taking three prescriptions or more, the Ace Age team is determined to scale Karie to help more people in Canada and beyond.
Currently, Ace Age is a team of eleven full and part-time employees. When asked how it was working with the Accelerator Centre, Waugh says that it was a positive experience as a medical based company,
“It was appreciated getting the support on business building and even things like corporate culture and how to build that meaningfully as we grow, the mentors had such a wealth of knowledge and it helped us immensely.”
When looking forward to 2018 and the future for Ace Age and Karie, Waugh’s goals are to get traction in the market and begin forecasting into the future of healthcare.
“We want to see Karie become a fixture in people’s homes that can support patients and alleviate the pressure of taking medications everyday, so that people can worry less about that and spend more time enjoying their lives.”
To learn more about Karie, please visit: http://kariehealth.com/