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From CES 2023 (2 of 2) - Six more tech offerings that serve older adults

It’s possible to participate in CES – and not be a startup.  While startups were MANY that sought a presence in the older adult technology marketplace, now known as AgeTech, many firms were there who had been at CES before. They went back because of the business benefits of being at the show, post-pandemic, with a chance to interact with some of the 115,000 attendees.  Observers can also watch the whole thing after the fact, like many from around the world will do. Here are six prior attendees in the older adult, wellbeing category that serves older adults. All information is from press releases or the company websites.

K4Connect and Vayyar Care Partner to Bring Next-Level Radar Fall Detection Technology to the Senior Living Industry

10/13/2022

RALEIGH, N.C., and TEL AVIV, Israel – October 13, 2022 – K4Connect, senior living’s leading integrated enterprise technology platform enabling the best in care, services and hospitality for older adults, and Vayyar Care, a global leader in automatic fall detection and remote monitoring, have entered into a partnership to bring next-generation touchless, camera-free fall detection technology to senior living residents and operators across the U.S.

Did you miss one? Check out September’s Aging & Health Tech blog posts

September brings falling leaves, rising and falling hopes. Turns out that VCs are waking up to the opportunity in the longevity economy. Recognizing that people may live a lot longer, perhaps even to 100. How do you prepare for such a long life? Behold the rise of the active adult lifestyle, now enabled with a boom in 55+ rental communities. Combine that change with the ‘Forgotten Middle Market’ of senior living. Consider the Chicago Tribune article about tech for aging in place. Now add in the shortage of workers in home care, health care, and nursing homes. If there was a time to look at the role of monitoring and engagement technologies that augment and assist the worker in the care of older adults – it would seem that this is the time. Here are four Sept blog posts on these and related topics:

With an Eye on Growth, iN2L + LifeLoop Hires Proven Finance and Marketing Leaders

08/22/2022

DENVER, June 22, 2022 /PRNewswire/ -- iN2L + LifeLoop, provider of the first and most comprehensive senior living technology platform developed to meaningfully impact staff effectiveness, workforce retention, staffing levels, and resident engagement, today announced the addition of Rachel Vincion as its chief financial officer and Cambria Jacobs as its chief marketing officer. Both Jacobs and Vincion will report directly to Lisa Taylor, CEO of iN2L+ LifeLoop, and will be instrumental in helping drive the organization's continued strategic growth.

CENSUS: Senior care growth means tech change will be mandatory

The Census knows the growth and potential explosion of care needs and older adults. Consider their newly published document explaining the industries to those who may still not see what’s happening. "Assisted Living Facilities for the Elderly saw a 34.4% increase in revenue from 2013 to 2020.  Home Health Care Services experienced an even larger increase – 50.5% -- during the same period." These assertions are built on the Service Annual Survey (2021).   The U.S. Census Bureau projects that in 2050, the U.S. population ages 65 and over will be 83.9 million, nearly double what it was (43.1 million) in 2012.

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