Related News Articles

12/10/2016

 Standards have to be agreed and adopted for markets to take off.

12/09/2016

One senior living provider has launched a full-blown technology overhaul.

12/08/2016

In 2015 life expectancy at age 65 was 20.6 years for females and 18.0 years for males, both unchanged from 2014. 

12/03/2016

Aspire Health software aspires to do so.

11/29/2016

The still-private company is now generating over $250 million in annual revenue.

Market Overview for Technology for Aging in Place

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We still don't have insurance to protect from a disruptive technology future

We buy many insurances – just in case.  Car, homeowners, apartment, flood, personal liability – all are hedges against the unknown and unwanted.  Seeing a business opportunity, insurers created a long-term care insurance market for a benefit the customer might not need for another 25 years. We can buy a service contract to cover repairs of our appliances.  Yet so it continues that when we purchase technology, carrier, or software services, the offering changes ever more quickly -- and our technology becomes obsolete. So we toss the products (and services) into the soon-forgotten gadget graveyard with 135 million mobile phones discarded in 2010 alone -- the last date for which there are EPA statistics.

Four University Research Programs about Technology for Older Adults

From the universities and their affiliates – research about older adults.  Since this website was launched in 2008, periodic looks at who is doing what in the area of research on aging have repeatedly revealed little in the way of commercialization determination or practicality of offerings.  But funding is found – and several of these programs seem driven to reward innovation that can be commercialized – or they are funded by organizations that want and need results.  Here are four from a recent scan -- there are more, of course, and if you know one that is more robust, please send it along or provide a comment:

Mitigating loneliness – what is being, can be done?

You may notice that it is the Christmas cheery season. [Rant on] Isn’t it great to see the sleigh-bell imagery, decoration excess, and TV Christmas-caroling crowds? Observe all the promotion, advertising and shopping discounts for must-have stuff. One guesses that Christmas must matter to self-identifying Christians, now only 75% of the US population, down from 80% in 2006. Yet the Christmas season is not about religion. It is a platform – a springboard for irrational spending, financial hangovers, 30% of annual retail sales, and the result -- goods that the recipient doesn’t want, need and can’t store – and that the giver can’t afford. 

Facebook usage is up -- what does its growing media role mean?

Pew new social media numbers tell a story – sort of.  Now we know, that despite of -- or perhaps because of its inadvertent dissemination of fake news, Facebook usage is up. So consider that 62% of online age 65+ adults use Facebook.  Also note other Pew data:  only 58% of adults age 65+ are online.  So translate that into 36% of the total 65+ population (or 16 million) using Facebook.  Observe that 83% of American older adults aged 65+ have grandchildren. Is there a relationship between having grandchildren and needing to view updates on Facebook?  Look at AARP Tek Facebook training. It is just too basic given Facebook's role as both dominant news media source and influencer. 

Stop with the drones and other device nonsense

Hopefully a road full of self-driving cars is media mythology.  For the breathlessly awaiting, note Wall Street Journal quote about it being 25-30 years before self-driving cars will dominate the roadways. Apparently there are 250 million vehicles on the road today that are at least 10 years old (impressive in a country that only has 318 million people). Also appreciate that 25 years from now is when millennials will enter their 60s. Will they be just as eager then as they are now to leave the driving to a Google engineer – or will they be as cautious as today’s boomers?  Will these 50-year-olds be walking slowly, bent over as they cross the street, the image of 'old.'  Maybe at 50, they will not be as ignorant as this video shows them to be now.

Like polls, health tech market size and savings could be wrong

In a week where polls were so wrong, predictive science may be shaken.  Watching pollsters apologize this week for missing the obvious, folks wonder if the polling process has flawsPew Research concluded: most pollsters 'underestimated' support for the eventual winner. Duh. Were these polls out of whack due to 'nonresponse bias'-- that certain types of people don’t respond to surveys?  Are non-responders a 'type' or were they were becoming grumpy at the phone's frequent ringing, listening to the hum of the robocaller connections to live pollsters?  And if so much money was spent on conducting polls and research that did not predict the outcome, how about polling and surveys that track and predict technology uptake, particularly in the much-hyped category of digital health? 

From LeadingAge 2016 – One-time topics or notable signals of trends?

LeadingAge ended last week, leaving tea leaves about the future.  This annual conference is the largest for the world of non-profit senior housing companies – and while much of it focuses on the tactical, a number of sessions tackled change, some of it wrenching for this industry. We already know that older adults in the future will find fewer and smaller nursing homes, and the ones remaining will be more focused on acute care, driven, as always, by payments, policies and the significance (big) of higher move-in ages. One session coached about 'abandonment'  of strategies no longer needed.  These changes necessitate innovation among the organization 6000 member companies – and the mix of services that these companies provide

When AARP speaks, tech firms listen for the art of the deal

When AARP launches a site for caregivers -- insurers and home care services listen. Today AARP launched CareConnection -- a site for family caregivers. Services from Care Connection will be "ranging from in-home care support (via CareLinx and Hometeam), Teladoc-powered telehealth services, meal delivery service from bistroMD, and professional caregiving advice" from AARP's long-time insurance partner, UnitedHealthcare. Perhaps this new site will out-do Care.com, Caring.com, Caregiver Action Network, and all the other 'caregiver' subject matter and referral websites. This new CareConnection is a business within AARP Services, the for-profit subsidiary of AARP – which leads the deals that are a notable part of the nearly $1.5 billion of the organization's revenue.

Partners' Connected Health Symposium -- some of the winning innovations

Partners’ Connected Health Symposium 2016 – note the aging opportunity. Over the years of this event, a session here and a speaker there occasionally talked about an aging society – and what it means. But aging is today’s health business reality. First, the first keynote was about the innovation opportunity – delivered by AARP’s JoAnn Jenkins.  The pitch-off event ‘supporting cognitive function as we age’ also included AARP judges viewing submissions of the four finalists – and the Avatar for tracking health and exercise that won.  Upcoming: the 2017 merger of this conference into the Personal Connected Health Alliance (PCHA) and its Connected Health Conference event (formerly known as the mHealth Summit). With material from the firms themselves, 2016 innovation winners included:

Care boundaries blur as providers morph to match payment types

Nursing home avoidance continues for both investors and care recipients. You might have read about investors cutting back on nursing home investment within ‘healthcare’ REITS.  CMS and Medicare are reimbursing less for ever-shorter nursing home stays, ending their multi-year ‘billion dollar pie eating’ wave of investment.  Note that the biggest chains of skilled nursing facilities (SNFs) like Signature Health Care (which has a web URL signaling LTC -- LongTerm Care) Revolution) – what might that revolution be?  Consider the consumer’s first encounter with the industries for health care, long-term care (LTC), skilled nursing facility (SNF), nursing home, or post-acute facility. This terminology morass mirrors the reimbursement patterns of government agencies, which, in turn, drive investment language, behavior and labeling.

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