Market Overview for Technology for Aging in Place

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Five technologies for older adults from the 2014 mHealth Summit

The mHealth Summit held last week was an ever-more HealthIT (along with Digital Health and mHealth brethren) and the mobile/app aware, digital vision for the future, an extravaganza of technology advancement -- sounding vaguely familiar. Hey, there’s the renamed Patient Centered Medical Home, at this conference, called the Intelligent Medical Home). There were all of those Games for Health, behavior change, patient engagement, care coordination, and quite a few pharma-sponsored sessions. As is typical of an event like this, a plethora of investment-related, venture fund and startup-type sessions could be found.


The agenda was up to date with our nerve-wracked times.  Note that Ebola was discussed.  But this year there was just a single session -- down from 2013's three session last year -- that included the word 'aging' in its session title -- that one was sponsored by Pfizer. It was noted in keynotes that the population is aging -- and that has major implications for the mHealth world.  Maybe next year the summit will actively seek a few exhibitors that focus specifically on technology and ideas to help real seniors, the population aged 75+ -- especially now that CMS is going to boost pay for chronic care management in the home.  Why just think of the revenue -- the PERS industry alone has north of $1.5 billion in annual revenue, offers a customer base that could benefit from chronic care management in the home, and could also use an injection of remote health monitoring functionality.  But I digress. Here are five companies in various stages of starting up from the 2014 mHealth Summit. If a aging-related company from this year's exhibitor list is missing from this list -- please comment. Text is derived directly from the companies:


LGTMedical. "LGTmedical produces low-cost, mobile health solutions for global healthcare markets. The Kenek Core™ universal audio-based interface connects standard medical sensors to mobile devices, providing accurate and affordable vital signs monitoring – for everyone, everywhere. Applications and medical sensors using Kenek Core connectivity have been developed for SpO2, blood pressure, and temperature. The Kenek Edge™ pulse oximeter was recently launched into the US and Canadian markets." Learn more at http://lgtmedical.com/.


UnaliWear. "Disguised as a classically-styled watch, LifeAssist provides discreet support for falls, medication reminders, and a guard against wandering. With an easy-to-use speech interface, our patent-pending technology combines cellular, Wi-Fi, and GPS to provide an active medical alert that works anywhere, along with data-driven artificial intelligence that learns the wearer’s lifestyle. Unlike traditional medical alert products, we work wherever you are, 24x7 – and we don’t require a smart phone." Learn more at UnaliWear.


SwiftAlarm!. "SwiftAlarm!© helps the elderly survive emergencies by getting them help faster.  It offers a system and device that gives the elderly their freedom by constantly tracking their movements and health conditions remotely. Currently Personal Emergency Response (PERS) require expensive subscriptions to call centers. This system turns current models upside down. It requires no hardware setup, only the download of a software to a smartphone." Learn more at http://www.swiftalarm.com/.


Swissmed Mobile. "The idea behind our solution is to use the smartphone or tablet (iOS, Android, Windows, Blackberry supported) as a gateway for transmitting vital signs from sensors to healthcare systems. MedM Platform supports more than 100 sensors by 20+ device manufacturers including blood pressure, blood glucose, ECG, oxygen saturation, weight, spirometry, heart rate, temperature, motion, and fetal monitoring. MedM platform has a CE mark as a PDMS without direct diagnosis, FDA MDDS is pending." Learn more at http://www.medm.com/company/.


Vimty. "Our mission is to ensure that everyone, regardless of their age or their health, has a platform to voice their medical wishes. Depending on the complexity of your health status and personal choice, a detailed advanced directive is needed. Vimty created a convenient and secure way for our younger and healthier citizens to record their medical wishes. Simply log in with Facebook and proceed through our easy to follow instructions. Connect with one of our experts who will design a plan with you and have it e-notarized." Learn more at http://vimty.com/.


 

Comments

Laurie,

Thank you. Why on earth did they rename the PCMH? Just seems like the patient/consumer gets left out of equation enough as it is.

Thank you for this summary. I was not able to attend this year, but was excited to see this recap.