Diabetes is one of the top health issues facing the world today. 422 million people suffer from diabetes worldwide (8.5% of the world population) of which an estimated 29 million are in the US. Of the three types of diabetes (Type 1, Type 2, and gestational), Type 2 accounts for over 90% of the total cases of diabetes. People with diabetes are at risk for health complications including blindness, kidney failure, increased risk of heart attacks (1.8 times higher, death 1.7 times higher), strokes (hospitalization 1.5 times higher), and non-traumatic lower limb amputations. In fact, people diagnosed with diabetes had average medical expenditures 2.3 times higher than those without diabetes. It has been estimated that the lifetime additional healthcare cost of one patient with diabetes is between $55,000 and $130,000. It is clear that diabetes has a significant impact on an individual’s health and wealth. The prevalence of diabetes and obesity (a risk factor for Type 2 diabetes) has increased dramatically from 1994 to 2014 and is expected to grow. There are 86 million Americans with pre-diabetes (1/3rd of the population) of which 15% to 30% will develop type 2 diabetes in five years.
Step into the future with Alertgy. Founded in 2016, Melbourne based Alertgy has an additional office in the Groundswell Incubator. The name Alertgy comes from A for Alert loved ones if low or high blood sugar levels are present, the G is for Glucose and the Y is for because it's needed. The purpose is to change the way people manage their Type 2 diabetes. Alertgy’s aims to do this with the help of a wearable, inexpensive, truly non-invasive blood sugar monitoring technology that delivers on-demand, provide trending information and alerts automatically if levels are too low or high by an application on a smartphone.
For this breakthrough, Alertgy was honored to be the first cohort of the Jump-Start, Plug & Play, Cleveland Clinic Health Technology Accelerator Program. Alertgy also placed first in the Blue Cross Blue Shield Ochsner Health Care NOLA Diabetes Technology Challenge.