Considered one of the 4 geriatric giants, Falls are the leading cause of injury related hospitalization among those 65 and above.
Fear of falling is a common phenomenon in elders which leads to a sedentary lifestyle. This further causes deterioration in gait and balance leading to a fall event, or reinforcing the fear of falling.
Providing a platform where one can be aware of their own
fall risk, get personalized recommendations
to improve &
track their progress
Many elders are hesitant to visit a clinic
to get their Gait or Balance checked
Lechal platform provides opportunity for elders to assess their
fall risk themselves,
without a need of clinical intervention
Community based exercise groups lack
data-driven personalization
Lechal platform provides opportunity for elders to assess their
fall risk themselves,
without a need of clinical intervention
Lechal is already known to reduce falls risk by 24% in just 5 months.
Currently, average hospitalization costs for fall-related injuries is around US$ 30,000. Reduction in
falls would mean a substantial saving on this cost on an individual & systems level.
CURRENT SPENDING ON FALLS (US)
US $67.7 B
Of which 75% is paid for by Medicare and Medicaid.
Projected figures after deducting the cost of administering Lechal insoles to around 2.2 Million Users @ US$ 60.
AT 1% FEWER FALLS
US $536 M
AT 5% FEWER FALLS
US $3.2 B
AT 10% FEWER FALLS
US $6.5 B
AT 20% FEWER FALLS
US $13.2 B