Many/most of these are in the market -- but may not as well-adopted due to lack of awareness.
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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
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