Blogs

Summer lingers in that August lull before all are back-to-business.  Broadcasters are substitutes; columnists are away; the world is awash in out-of-office emails.  So it is seems to be the right time to recap the last month of blog posts before heading into the forward-look at conferences and events about businesses targeting the older adult market.  For example, you may be looking at attending, sponsoring, exhibiting or just learning about LeadingAge, Aging 2.0 Optimize, DigitalHealth Summit At CES or Aging in America.  While mulling those over, check out our new research, a July white paper on social isolation sponsored by GreatCall.  Now here are those five blog posts you may have missed. 

he Wall Street Journal offers advice to well-to-do older adults.  This time the advice comes from Glenn Ruffenach, a frequent writer for the WSJ retirement section.  The query comes from a healthy couple in their early 70s who wonder if it is time to move into a CCRC (Continuing Care Retirement Community). They hesitate, observing that the residents seem decidedly older. A good observation – they are!  Glenn says to move now, rather than wait. Really? For people in their early 70s? The median age of move-in to CCRCs is climbing – noted as of 2016 to be age 81 – and the residents’ average age is now 85.  The CCRC has been a buy-in offering combining independent living homes, assisted living and skilled nursing facility (SNFs). Many faith-based non-profits are structured that way. But the nation’s largest for-profit firm, Brookdale, offers a ‘rental’ model -- Caring.com’s 2017 description – why? People are deferring the move. In 2016, CCRC occupancy has reached 90% in only one quarter. 

A virtual assistant that can misunderstand you more effectively.  So perhaps you never liked asking Siri questions, partly because the answer was often a website you peer at on a phone.  How dumb is that?  Siri was created a long time ago, but it really got its name when it was introduced into the iPhone in 2011 and dubbed an ‘Intelligent Personal Assistant’. Maybe there is a Siri improvement you wanted that will be available sometime in the fall in iOS 11.  Maybe you want Siri’s English to be in Chinese, French, German, Italian, and Spanish.  Maybe you don’t care because you are too embarrassed to speak to Siri in public settings, like meetings, and prefer the auto-correction of your mediocre typing.  Or maybe you are excited now, because Siri may, just possibly, soon work with other apps. Woohoo! 

Technology and Aging – One Full Day Component from IAGG 2017.    The International Association of Gerontology and Geriatrics (IAGG) held its World Congress symposia (73 member organizations from 65 countries) last week in San Francisco, "key opinion leaders in health & social services, housing & income support, research & education, public policy, administration & other areas, disciplines, and professions that impact older people and affect their quality of life." As part of the symposia (billed "as the largest world conference on aging"), July 26 was 'Tech Day' and included a pitch event from the following companies.  The winner of the pitch event was Kinesis Health Technologies, and the 'people’s choice' winner was Life Assist Technologies.  Descriptions are from the companies' websites.

Health tech future: you have to love the wording – and this time, the press ate it up.  Apparently at the time no one really noticed the 2016 Rock Health report on ‘willingness’ to share health data.  But times have changed. So Mary Meeker’s report, which everyone now quotes, cites that data as though it were important input for brands.  And now it is really and inaccurately famous. She opines, that of the ‘brands well-positioned for digital health’ – the leader is Google.  The oft-quoted answer (see Tech Crunch “Pretty neat” insight): “Meeker’s report says a full 60 percent of us were willing to share our health data with Google in 2016.”  That does sound pretty neat, huh?

Startups and pitches – for funding and more.  Last week was the start of a boomer-senior two week marathon – the 2017 Silicon Valley Boomer Venture Summit, Business Plan Competition and associated pre-conference Boot Camps – to be followed this week by TechDay at IAGG 2017.  Here are seven that played a role at the Silicon Valley event in Berkeley, some just (barely, and not yet) starting, some related to the needs, including manufacturing, for startups. The material is extracted from the content of these companies:

 It’s summer – and the reading is easy.  But there are many opportunities to fall out of touch with what’s happening in the world of tech and aging – for example, in the market innovation category, most recently there have been announcements about robot offerings for seniors, and some new capabilities for sharing photo content that can help record moments of our family lives that may soon be lost.  In the spirit of sharing, hoping that those who can are going to attend the Silicon Valley Boomer Venture Summit next week, July 20, in Berkeley – if so, will see you there!  Meanwhile, here are five other blog posts from the past month that you may have missed:

Investor money has forever flowed to innovation in robotics. Robots on the Runway at Digital Health at CES offered a view of what was new then in human-like robots, the most charming was Anybots QB, now QB2 – which would 'go to the office for you.'   In fact, this ‘telepresence’ robot begs the question, what’s a robot anyway – is it a 'machine controlled device through an external or (usually internal) computer, often equipped with audio, visual, and/or tactile sensors as well as other devices and tools to perform one or several programmed jobs?'  Oh yeah.  They can be autonomous, like the iRobot one for the military – working on their own.  Like Anybots, they could be a telepresence robot – a 'remote controlled, wheeled device that has wireless internet connectivity.'   And the market for all types in healthcare globally some say is $2.8 billion.

Movin' up – so goes the definition of old age. Maybe this confirms what you have already observed, and the Society of Actuaries (which also uses Social Security Life Tables) has also calculated. According to Stanford economist John Shoven, the definition of "old" is rising, ridiculously compared to the 1920s, but very interesting, nonetheless. Says Shoven: For women, "old" is approximately age 73, with women transitioning out of middle age at 65. For men, he asserts that "old" is around age 70, with transitioning out of middle age at age 60.  The assumption underlying this are based on "risk of dying" within 1, 2 or 4 years. If it is 1% or less, a person is is middle-aged. Good graphic, and no surprise, it's another document in the litany of advice for deferring Social Security payments until late, late, late, despite the actual behavior in which 42% of men and 48% of women are claiming it at age 62.

Largest city in the US shows a path for an aging society.  New York has long been a host and leader in supporting older adults, from being a WHO Age Friendly City, to acknowledging the presence of Naturally Occurring Retirement Communities (NORCs) starting in 1994, to being the home of the first Virtual Senior Center (VSC). In addition, technology leadership initiatives have been offered via SelfHelp in Queens, and Senior Planet, a technology exploration center that offers tech training for adults 60+. So many people aging, many needing the skills to find and keep jobs. So they utilize services like OATS and Senior Planet, or senior centers, training in libraries, carrier stores and online sites like AARP TeK Academy.