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Market Overview for Technology for Aging in Place

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Five tips for startups and enterprises with 2016-2017 offerings

It’s timely – we are entering the competition/event season.  School has started and so has the search for innovation.  To name a few: Stanford has launched a design competition for Innovating Aging in Place. And the day approaches for the Aging 2.0 Global Search Finalists to present. Meanwhile the CTA (Consumer Technology Association) Foundation launched its video contest for startups who want booth space at CES; and the Louisville Innovation Summit announced its pitch finalists. And those are just those in the older adult market segment, not even counting what may be initiated by LeadingAge or Argentum in senior housing or the plethora of upcoming health-related innovation conferences.

Something’s rotten in care of the elderly – what does this week’s KHN tell us?

Do hospitals mismanage support for vulnerable older adults?  And we wonder why people, including doctors, avoid hospitals. We knew that an older adult going into the hospital experiences or departs with an unwanted side effect. Half a million per year acquire C.Difficile in hospitals -- costing $4.8 billion; ICU risk of death is 35% higher for elderly. And MRSA has a 12-month death rate of between 20 and 35% -- with the most vulnerable, you guessed it, the elderly.  But did you know that one-third of hospital patients over age 70 and half of the patients leave the hospital more disabled than when they arrived?  Question raised: what about appointed or actual advocates when elderly patients are admitted – is someone present or appointed by the hospital who will observe care, including vigilance about hand-washing or ICU treatment– perhaps the state-by-state Care Act address this in a future update.

Five New Technology Offerings for Aging in Place - Feb 2016

Consider this a heads up about new technology-enabled options for older adults.  Sometimes it is helpful to know about offerings before or just as they are being released, if only to look for their availability in the future.  The five interesting offerings that are noted below are all going to be available within the next six months, possibly sooner.  Each in its own way strives to solve a problem experienced by older adults or those who serve them:

Five technologies from the 2015 mHealth Summit in DC

Less mHealth and more HealthIT. When Lenovo displays a full size cutaway blade server at the entrance to its booth, you can surmise that the mHealth Summit is more IT than personal/mobile. HIMSS, the media company for health IT events, seems to have lost interest in selling booth space for their mHealth Exhibit Hall. Most visitors I talked with were disappointed at the reduced scale of the event, which is now combined with the Cybersecurity Summit, PopHealth Summit, Global mHealth Forum. Perhaps this was an optimization strategy? Free up the month of December? At any rate here are five new technologies from this event that could potentially benefit boomers and seniors, content is from the companies:

Six Offerings from the 2015 Louisville Innovation Summit

Louisville, Kentucky is the aging-industry capital of the United States. The city is a very big player in long-term care, host to a variety of "headquarters in nursing home, rehabilitation, assisted living and home health administration." Last week the city (and a variety of its long-term care industry sponsors) ran an industry summit that included two days of sessions and a bevy of live pitches. It is striking to contemplate the simultaneous growing blur and yet near-complete disconnect between health-related innovations involving doctors and the world of aging care. There has long been a need for disruptive innovation in the long-term care industry -- which, like the health care industry overall, struggles with lower reimbursements, which in turn have resulted in further industry consolidation.

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