WASHINGTON, DC-- Every day, 10,000 Baby Boomers turn 65, and Americans 85 and older are the fastest growing segment of our population. At the same time that our nation’s population is aging, the number of caregivers upon which these aging Americans can rely is decreasing. According to numerous surveys, most seniors want to continue to live independently in their own homes and avoid nursing homes and other institutionalized care as long as possible.
Competitions abound – all need groundwork. Just a few years ago you might have noticed that there were few business plan competitions for products and services targeting the older adult market (the Silicon Valley Boomer Venture Summit begun by Mary Furlong in 2004 was a rare exception.) When its Letter of Intent page appeared at the end of 2011, CMS innovation grant applications included technology submissions behind the scenes, in partnership with non-profits and healthcare delivery organizations. Then came the $1 billion round two announced in December 2014 – and with that, multiple other tech solutions were included to help deliver significant changes, including health information exchanges, patient engagement, the emerging field of population health, and today’s CMS reimbursement for telehealth. With these approvals, CMS effectively laid the groundwork for many of the firms that compete today in health segments.
Baycrest Health Sciences will lead a new Canadian venture aimed at optimizing the cognitive, emotional and physical well-being of older adults—across the country and around the globe.
In Chicago it was all about boomers and seniors. Last week Aging in America framed several days in Chicago of multiple other related events about and for professionals in caregiving, boomers and seniors. The market-facing event that always attracts multiple executives from organizations like AARP, United Healthcare, Ziegler, Linkage, and many startups was the What’s Next Boomer Business Summit (led by Mary Furlong and now in its 12th year). Here are five technologies new and/or not previously noted from ASA and What's Next -- all information is from the companies' websites or press releases:
NEWARK, N.J., March 24, 2015 /PRNewswire/ -- Panasonic today announced a simple way for grandparents to maintain and build ever more meaningful relationships with their grandchildren, even when they're far apart.
Aging in New York. You may know about the World Health Organization’s Age Friendly Cities initiative, announced in 2007. And perhaps you know all about Age-Friendly New York, launched in 2009 as a result of the WHO. Lots of folks like to say how age-friendly NYC is – which I have always thought was odd, if not downright laughable – having battled across streets in NYC with a wide range of pedestrian walk times, deep puddles masking ramp cut-outs, and a subway system map that favors insider knowledge. Senior Planet in NYC has some more info on what makes a city age-friendly: “New York has an amazing public transportation system going for it. Even though it’s not perfect and could be improved upon, we know that aging people use subways and buses regularly.”
