Whether it is a community hospital that houses 20 walkers or a rehab facility that stores hundreds of walkers, there is currently no way to manage this storage.
8,000 baby-boomers turn 65 each day. The growth of the aging population, plus recent insurance regulation changes, directly relate to increased rehab demands. In layman’s terms… more people with more coverage equals increased hospital volumes. This means increased storage demands and a darn good market opportunity.
Our product is unique because it is specifically designed to store walkers. Our competition makes a general storage rack. Because they are not constructed to house walkers, the storage volume and efficiency is severely impacted.
Our roadblock is the need to develop a partnership with a large rehab distribution company. We hope to attend the national physical therapy conference this January. This would provide networking opportunities with rehab device distributors like Patterson Medical and Medline.
• Rehabilitation staff (PT & OT) will benefit due to improved walker selection efficiency (time spent looking for the appropriate walker is not reimbursable through insurance).
• Facilities that house large volumes of folding walkers (i.e. rehab hospitals & rehab equipment distributors) will benefit because our rack decreases the necessary storage square footage by approximately 50%.
• Patients can expect more one-on-one therapy time with their PT or OT.
What I Will Do With $5,000
The money would be used to help fund our attendance at the American Physical Therapy Association’s Combined Sections Meeting (CSM). A booth costs approximately 2,500-3,000 dollars and this obviously does not include travel and lodging fees (CSM 2016 is being held in California). Not only would attending CSM place our product in front of over ten thousand physical therapists, but hundreds of private vendors. The exposure would be immeasurable.