When it comes to depression, anxiety and sleep deprivation, help is often late. AlvinOne analyses its users’ health and creates a safe channel that connects them with preventive services before illness occurs. Prevention is the best treatment.
A global demand for change
In Europe one in four suffers from depression or anxiety every year. In addition, we’re seeing a burnout epidemic amongst millennials, rising depression rates amongst baby boomers and sleeping disorders becoming a norm in the working population. Sleep deprivation alone costs employers $411 billion in lost productivity in the U.S. annually.
Employers have a direct financial incentive in keeping their employees healthy and productive. Increased competition for skilled workforce has encouraged employers to offer health benefits more than ever before. Yet the solutions currently available are often not scalable and only focus on treating existing illness, or they’re poorly targeted.
AlvinOne’s founder, Jukka Suovanen, has always felt a need to help others. He started his first business as a physiotherapist and orthopedic manual therapist in the 1980’s. After treating thousands of people Jukka wanted to learn if the treatment he provided worked better than other methods of treatment. “In order to measure this, we built software that could measure effectivity and also be used to assess our clients’ health problems”, Jukka explains. Later he sold his physiotherapy business and focused on developing software that would take into account several health factors, beyond physical symptoms. Jukka had learned that you cannot just examine one area of health if you want to come to an accurate conclusion – you must view well-being holistically and consider how each area affects the other.
Around the same time Henri Rautamo joined the team and brought new insight on service design and customer experience. In the 2010’s Jukka and Henri joined forces with professor Mark van Gils at VTT Technical Research Centre of Finland and started exploring the possibility of predicting illness before it happens. In 2016, Johanna Varje met with the team and shared their vision of helping people stay healthy with the help of data and analytics. Johanna brought with her skills in design, commercialization and marketing. Together they founded AlvinOne and set out on their mission to keep people healthy.
AlvinOne is a disruptive solution that shifts the focus toward preventing illness before it occurs. For employees, AlvinOne is a personal tool in which they enter health and work related information, and receive feedback that helps them to improve their health. For HR and management, AlvinOne provides current group-level analytics on employee health and guides employees to the appropriate services automatically. Targeting modern, preventive services that improve employee health and performance save costs in medical care, reduced absences and increased performance.
AlvinOne analyses 10 different areas of health; pain, physical activity, weight, alcohol consumption, type 2 diabetes, ability to work, mood, sleep and vitality, use of tobacco products, and musculoskeletal disorders. AlvinOne analyses these health areas because they are all connected to productivity at work and to each other. Analysing only some of these areas would provide an incomplete and inaccurate picture of a person’s health. It’s important to assess the whole situation and understand the relationship between these areas of health.
- AlvinOne’s feedback and analytics are based on 30 years of experience in preventive care.
- It analyses 10 different areas of health and provides personalized results and feedback on how to improve health and wellness.
- Different target groups can be identified through analytics and guided to appropriate services through invitations based on their results.
- AlvinOne analyses its users’ risk of becoming ill during the next 12 months with an up to 64, 2% sensitivity.
- AlvinOne was launched in 2017 and has had a promising start as its already acquired large international corporations as its clients in Finland and Sweden including VTT Technical Research Centre of Finland and Rexel.
- Optimising prevention with AlvinOne is estimated to have a ROI of 1:3 in large companies.
Early intervention benefits everyone
When it comes to difficult subjects such as mental health, coping with stress and addictions most of us don’t want to ask for help from our managers or HR. Yet when it comes to these challenges, the earlier you receive help the better it is for both individuals and employers. Most companies lack ways of offering help that don’t require employees to ask for help face-to-face from HR or a supervisor. This leads to a scenario where employees facing situations that are difficult to talk about avoid seeking help in time and their situation worsens.
AlvinOne creates an anonymous and safe channel where employees can receive help and support in sensitive situations where it might be difficult to talk to a supervisor or HR. When they feed in their information, AlvinOne analyses their health and sends them invitations to the services they would benefit from the most.
AlvinOne’s partner network includes already includes the service providers below. Partner services are charged separately according to use. AlvinOne and client companies agree on what services will be offered to employees and budget it according to the company’s needs. The service providers all have their own pricing and prices vary from 30€/year subscription models to 800€ one-time payments per employee. AlvinOne is a distributor and saves time and resources for clients as we can help the client select the optimal services for their needs and include them in our contract and billing.
Why employers need AlvinOne:
- It makes management of employee well-being a strategic, data-driven process.
- It decreases costs by reducing absenteeism and increasing employee performance.
- It optimizes investments into health and well-being services through effective targeting.
- It improves employer image and decreases undesirable retention rates.
- It shifts the focus from treating illness to preventing it before it occurs.
- It’s a scalable solution that creates a uniform metric for measuring well-being globally in large international companies.
Why invest in AlvinOne?
- AlvinOne already has revenue and the most significant product development invests have already been completed.
- Healthcare costs are estimated to rise from 6% to 9% of the GDP by 2030 which is forcing governments, organisations and companies to invest into prevention.
- Markets have reacted to the demand and investments into digital health companies have grown from $1,28 billion in 2010 to $11,5 billion in 2017 in North America.
- AlvinOne is scalable solution with a strong scientific background.
- The goal is to triple the company’s value in three years.
- The goal is to enable an exit for early investors during the next funding round and/or during an acquisition described in the exit strategy.
- AlvinOne has had a promising start as it’s acquired global companies and forerunners in employee well-being as clients during its first 18 months of operation.
- It has received international media attention and been selected as one of the top 100 most promising startups in Slush 2017 and 2018 out of thousands of startups.
Scientific background and the database
AlvinOne has been developed in co-operation with VTT Technical Research Centre of Finland. VTT was ranked as the fourth best research institution out of 99 research institutions in Europe and number one research institution in the Nordics in 2017. In virtue of this co-operation AlvinOne’s algorithms have been developed by some of Europe’s best data scientists.
AlvinOne has a database with data from over 190 000 18-64 year-old employees working in Finland. It has 10 million data points collected through a comprehensive and structured health survey that respondents have completed one or more times over the past 10 years.
The database is owned by AlvinOne and it’s a valuable asset as it enables further development of AlvinOne’s analytics and advanced machine learning methods. Mark van Gils, research team leader at VTT Technical Research Centre of Finland describes the database as follows:
“The observations gathered from the Finnish working population create an exceptionally unique sample material in size, width and depth. It allows us to find profiles, trends and correlations that over time will enable personal and personalized interventions in high-risk groups. The algorithm we have developed can be modified according to different working profiles and absenteeism patterns in different countries.”