Improving Seniors’ Health and Dignity Through AI and Digital Healthcare Technology
[BioTimes] Digital healthcare company Monit, led by CEO Park Do-hyung, announced on the 14th that its elderly diaper care system, MECS, has been selected as a benefit item under long-term care insurance welfare equipment coverage.
MECS is a system that monitors the diaper condition of elderly users and reports contamination levels in real time. It consists of a sensor attached to the diaper, a hub that connects the sensor, and an app service that provides data analysis and notifications.
Through this system, elderly users can change diapers at the right time, helping them maintain their health and dignity. Caregivers can also significantly reduce care costs, while care workers benefit from a lighter workload, improving the overall efficiency of care.
Last year, Monit participated in GITEX, the information and communications technology exhibition held in Dubai, UAE, where it signed a contract with a local elderly care center, laying the groundwork for entering the Middle Eastern market. The exhibition participation was made possible through the Global Star Venture Program of the Gyeonggi Center for Creative Economy & Innovation. Based on this, Monit is currently discussing the establishment of Smart Geriatrics Centers in the Middle East. The company plans to continue pursuing global commercialization through such proof-of-concept projects.
Monit has also been selected for a Seoul testbed demonstration support project hosted by the Seoul Business Agency, under the Seoul Metropolitan Government, for an AI bowel-care robot targeting elderly patients. The company is preparing for field testing and commercialization. Professor Hyun Jung-geun’s team from the Department of Rehabilitation Medicine at Dankook University Hospital and Professor Kim Soo-hyun’s team from Kyungpook National University’s Graduate School of Big Data Science will collaborate to secure intellectual property rights through patents, papers, and clinical research.
Monit recently signed a contract to export its MECS-based diaper sensing control system to 23 nursing homes in Japan. In particular, the contract includes a diaper subscription model, which is expected to generate steady revenue.
Japan is Monit’s primary target market. Through collaboration with local healthcare giant Kao Corp., Monit is generating high profit margins from its data business. The company has also been selected as the only Korean company to reach the final stage in the healthcare category of NEC’s Innovation Challenge in Japan, with the finals ahead.
In particular, Monit’s elderly diaper care system MECS has been selected as a long-term care insurance welfare equipment item for 2025. As a result, households with a long-term care grade can use Monit’s innovative smart diaper care solution with 85% government subsidy support, paying only 15% out of pocket. Based on this, Monit expects to generate more than 5 billion won in annual business-to-government (B2G) revenue.
Monit CEO Park Do-hyung said, “With this year’s selection as a benefit item under long-term care insurance, exports to Japan and Dubai, and various government R&D projects, we aim to make this the first year of full-scale growth.”
[BioTimes = Reporter Kim Ji-soo] news@biotimes.co.kr
Source: BioTimes (https://www.biotimes.co.kr)
Improving Seniors’ Health and Dignity Through AI and Digital Healthcare Technology
[BioTimes] Digital healthcare company Monit, led by CEO Park Do-hyung, announced on the 14th that its elderly diaper care system, MECS, has been selected as a benefit item under long-term care insurance welfare equipment coverage.
MECS is a system that monitors the diaper condition of elderly users and reports contamination levels in real time. It consists of a sensor attached to the diaper, a hub that connects the sensor, and an app service that provides data analysis and notifications.
Through this system, elderly users can change diapers at the right time, helping them maintain their health and dignity. Caregivers can also significantly reduce care costs, while care workers benefit from a lighter workload, improving the overall efficiency of care.
Last year, Monit participated in GITEX, the information and communications technology exhibition held in Dubai, UAE, where it signed a contract with a local elderly care center, laying the groundwork for entering the Middle Eastern market. The exhibition participation was made possible through the Global Star Venture Program of the Gyeonggi Center for Creative Economy & Innovation. Based on this, Monit is currently discussing the establishment of Smart Geriatrics Centers in the Middle East. The company plans to continue pursuing global commercialization through such proof-of-concept projects.
Monit has also been selected for a Seoul testbed demonstration support project hosted by the Seoul Business Agency, under the Seoul Metropolitan Government, for an AI bowel-care robot targeting elderly patients. The company is preparing for field testing and commercialization. Professor Hyun Jung-geun’s team from the Department of Rehabilitation Medicine at Dankook University Hospital and Professor Kim Soo-hyun’s team from Kyungpook National University’s Graduate School of Big Data Science will collaborate to secure intellectual property rights through patents, papers, and clinical research.
Monit recently signed a contract to export its MECS-based diaper sensing control system to 23 nursing homes in Japan. In particular, the contract includes a diaper subscription model, which is expected to generate steady revenue.
Japan is Monit’s primary target market. Through collaboration with local healthcare giant Kao Corp., Monit is generating high profit margins from its data business. The company has also been selected as the only Korean company to reach the final stage in the healthcare category of NEC’s Innovation Challenge in Japan, with the finals ahead.
In particular, Monit’s elderly diaper care system MECS has been selected as a long-term care insurance welfare equipment item for 2025. As a result, households with a long-term care grade can use Monit’s innovative smart diaper care solution with 85% government subsidy support, paying only 15% out of pocket. Based on this, Monit expects to generate more than 5 billion won in annual business-to-government (B2G) revenue.
Monit CEO Park Do-hyung said, “With this year’s selection as a benefit item under long-term care insurance, exports to Japan and Dubai, and various government R&D projects, we aim to make this the first year of full-scale growth.”
[BioTimes = Reporter Kim Ji-soo] news@biotimes.co.kr
Source: BioTimes (https://www.biotimes.co.kr)