At Playpal, health is quantified as a mathematical function H(t), “The Health Capital Model”. More specifically, our Platform records and processes users’ actions to influence their health capital value. Based on this value, users' healthy behaviour is rewarded with PlayPoint.
So far,we have:
of R&D by our qualified team
pending with 5 more patents on the way
bonuses for early investors
projected valuation of the digital health industry by 2026
projected valuation of mHealth industry by 2023
health-app downloads in 2017
existing mHealth apps available
Healthcare costs bear significant burdens on the global economy. The average American spends around $9000 per year on healthcare, and total healthcare expenditure was $3.5 trillion in 2017, which is 17.9% of the USA’s GDP spending on health. Although the rise in healthcare costs has been met with an explosion of services in the IoT domain, the current marketplace for health remains fragmented and saturated. More specifically, the digital health industry is plagued by the following problems:
The US $23 billion global mHealth app market is struggling with user retention rates, with only 7% of the mHealth apps having more than 50,000 active users.
There is a lack of interconnectedness between individual applications and an inability to integrate with existing eHealth databases to develop strategic infrastructures
The advent of numerous health apps and devices has fragmented the current marketplace for health and has left users to interpret the influx of data ineffectively.
Currently, there are little to no programs that incentivize individuals to self manage their health and alleviate their healthcare burdens.
Consolidates the Market
By collecting and consolidating IoT health data from across apps and devices
Through its dual incentivization model that rewards users with PlayCoins when they engage in healthy actions
Increases Retention Rates
Through gamified challenges and personalised health-recommendations
Through its open APIs
Uses an AI-powered Proprietary Engine
Uses artificial intelligence and machine learning to intervene in health depreciation
Uses a Mathematical Model
Which quantifies health as H(t) on the basis of Grossman's Health Capital Model
We are led by a team of seasoned professionals from some of the world's leading companies.
Our team has over 718 years of combined experience