June 2018

Two sets of pitches, ten finalists across the competitions. The first five are finalists in the 2018 Silicon Valley Boomer Venture Summit Business Plan competition. The Business Plan Competition features companies pitching their ideas to a diverse panel of judges for feedback, funding and a $10,000 prize.  The second five are finalists in the AARP Innovation Labs Pitch Competition for companies focused on providing peace of mind to family caregivers through the use of VR, AI and other disruptive technologies. The winning team will go on to the AARP Innovation Pitch Event in Washington, DC, in October of 2018.

The hearing aid industry offers pricey hearing aids for people with ‘defined’ hearing loss.  The FDA wants you to understand that it regulates hearing aids – which it defines as helping the medical condition of hearing loss. The FDA then observes “sound amplifiers for consumers with no hearing loss who want to make environmental sounds louder for recreational use.“ Recreational ? Hearing aids that they do regulate are now made by a small number of companies and are sold with audiologist services for $1000 up to $4000 per device – most people need two – and have a lifespan of up to 7 years.   That price includes a hearing test, fitting, initial batteries and more.

Senior Living organizations are eager to try new technology.  Over the years, consider the pilots of Rendever (virtual reality) at Brookdale, Benchmark’s pilot of Google Home and Samsung tablets, or  CarePredict in LifeWell facilities – just a few of the many. Some pilots are even documented in the form of case studies – about what worked – or what might not have worked.  Pilots are typically newsworthy at their start. And they may produce a list of lessons learned upon completion – or a set of considerations for future pilots. So where does Voice First technology fit into the senior living equation?