The growing ecosystem of devices and products serving peoples’ health and well-being shows us that innovators already see the opportunity to serve the fast-growing market for self-care among people 50 years of age and up.
For nearly twenty years, one thing has felt inevitable: when boomers reach “old age,” senior living demand will surge. And yet ..
ChatGPT Health builds on consumer use of today's ChatGPT so responses are informed by your health information and context.
The prize honors .lumen’s Glasses for the Blind, an AI-based device that applies autonomous driving technology adapted for pedestrians. Using computer vision and local processing, the headset understands the three-dimensional environment in real time without relying on the internet or pre-defined maps and guides the user through subtle vibrations indicating a safe direction to follow.
The United States faces a fundamental mismatch between surging demand and insufficient capacity.
Senior Living organizations are eager to try new technology. Over the years, consider the pilots of
Comments
Who Buys Innovative Devices in Senior Living?
Your question, " For senior living organizations, many questions, not so many answers just yet. Who buys the device – the resident or the community on behalf of the resident?" REALLY resonates.
I would argue that VALUE is created for both the community and the resident and therefore, the cost of the device should be shared. The device could be treated as a "capital investment" by the community, and charge the resident a monthly fee. Costs of maintaining and servicing the device could be included.
One of the major obstacles to innovation in senior care is the need to assure manufacturers that there is a market for innovation. Reliance on residents to make a consumer purchase yields small market estimates that discourage investment. If the market was comprised of communities making volume purchases, that creates a much larger market estimate, large enough to encourage a manufacturer to proceed.
Such investment could be seen as a marketing strategy, giving one community a competitive advantage over another community who chooses not to invest.
For senior living organizations, many questions, not so many answers just yet. Who buys the device – the resident or the community on behalf of the resident?
Co-Founder of Alexa for Seniors company
I'm the co-founder of CT Home, the partner company on the Park Creek Independent Living project. We believe voice platforms like Alexa are the easiest tech platforms to use for seniors. The technology minimizes frustration and maximizes benefit for seniors. Here's a short article we wrote on the best features for seniors. We agree this field is very new and there are still operational challenges to resolve. Overall, we are most excited for the independence this type of technology can empower seniors with. If you have any questions please don't hesitate to reach out to us.
Voice Technology is Used in Our Senior Living Community
Welcome to Bayshire Senior Living! We are Carlsbad locally owned & operated community with four levels of care in one campus - assisted living, independent living, memory care & skilled nursing. Live hassle-free with our 24-hour exceptional services & amenities. Schedule your tour now! visit site: Bayshire Carlsbad