The US population is aging and will be needing more care. You read it every day in the popular press – the bad news about the 65+ and their future care burden and the good news about the 65+ and their wealth (22% of US spending in 2022). Even with wealth, older adults at some point in their lives will need some level of assistance. While professional care providers will play a key role, increasingly their work will be augmented by software -- apps, machine learning and conversational AI. Why?
You know the statistics and they are alarming. Doctors and nurses are burning out, especially in the ER. Turnover is highest in the lowest-paid care positions – home care is at a high point at 77% as of 2022. Pressure is growing in senior living to ‘keep people well’ in conjunction with a higher level of acuity of care needs. Demand and costs are up, and availability of workers is down. Add the baby boomer population growth – all will pass 65 in just 7 more years -- in conjunction with a shortage of workers able and willing to help them. Hospitals are closing, particularly in rural areas – boosting expectations about care delivery in the home. And in 2023, AI technology is emerging to manage and even improve care. Here are four observations from the just-completed research interviews on this topic:
Setting the stage for The Future of Care Work research. Did you know that the number of workers per social security beneficiaries continues to shrink? That two-thirds of doctors and nurses are experiencing moderate or a great deal of burnout at work. That over 85% of US adults suffer from one chronic illness. That 33% of those aged 85+ have Alzheimer’s or dementia? These points and more are the backdrop for the upcoming November report, The Future of AI and Care Work. Meanwhile, here are five points from September, 2023.
Older adults and caregivers are served by a number of offerings and events. And CES 2024 is still more than 3 months away. Events are ahead like Aging 2.0 Optimize in September in Lousiville, LeadingAge’s Annual Meeting in November in Chicago, and the What’s Next Longevity Innovation Summit in December in Washington. Each of these will no doubt feature startups of services and technologies, many incorporating AI) in multiple areas. In the meantime, here are five recently announced innovations and services for the older adult marketplace worth checking out:
The US population is aging and will be needing more care. You read it every day in the popular press – the bad news about the 65+ and their future care burden and the good news about the 65+ and their wealth (22% of US spending in 2022). Even with wealth, older adults at some point in their lives will need some level of assistance. While professional care providers will play a key role, increasingly their work will be augmented by software -- apps, machine learning and conversational AI. Why?
You know the statistics and they are alarming. Doctors and nurses are burning out, 
Setting the stage for The Future of Care Work research. Did you know that the number of 
Older adults and caregivers are served by a number of offerings and events. And CES 2024 is still more than 3 months away. Events are ahead like 