Hear Laurie in one of the following:

2024 What's Next Longevity Venture Summit (online)

2024 Longevity Venture Summit (DC)

Related News Articles

05/28/2024

Poor design hampers their use.

05/27/2024

Assisted living and memory care communities have a “distinct advantage.” 

05/21/2024

AI holds significant promise in alleviating the pressures felt by healthcare facilities worldwide.

05/18/2024

But if these devices are so smart, why can’t they talk to each other?

05/16/2024

 37% of senior living properties recognized by A Place for Mom cited for “serious violations affecting resident care.”

You are here

senior living

Title: 

senior living

Five trends that matter for older adults and caregivers in 2024 and beyond

The 2024 Technology and Aging Market Overview is online. It provides new information and insights about trends that drive technology change for the older adult marketplace. They represent the context for understanding new technologies discussed and featured in the report. This year is in many ways unusual -- the oldest baby boomer turns 78, AI investment and interest reached fever pitch, and the annual CES show had its highest turnout, with AI everywhere since 2020. These trends include the possible future role of AI, that can help address workforce issues and provide benefit over the coming months and years:

Five new technologies for older adults -- 2023 wrap-up (1 of 2)

AgeTech is a niche market no more.  As we approach 2024 and the plethora of tech introductions from CES 2024, let's reflect. This past year underscored the demographic changes that have brought an aging population -- turning 65 at a rate of 10,000 per day -- into the sight lines of investors, startups and health providers. The very recent monumental investment that swept AI and media visibility underscored how AI could help older adults. And the shortage of labor in the care industries put a spotlight on the gaps in care that AI tech can help close.  No doubt 2024 will reveal more investment and innovation in tech for older adults.  All material is drawn from the websites of the companies.

The care future for older adults needs housing and tech support

The Harvard study describes a bleak care future. And the NORC study underscores the housing problem for the Forgotten Middle. Life expectancy for the 65+ is another 20 years on average.  But only 14% of Americans can afford long-term care in the home. And if they could afford it, only 4% of their homes are aging-ready. Nor are they telehealth-ready – where 36% of Americans do not have high-speed internet in the home. For low-income individuals, home and community based services may have a 3-year wait to obtain them. Further, 42% of women aged 75+ live alone

Did you miss one? Four Aging and Health Tech Posts October 2023

Trends worth noting about care work. 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. What will drive innovation in care?

New report: AI and the Future of Care Work 2023

Why AI will be an enabler for care work. Healthcare delivery is migrating away from the hospital. As care delivery and consumer expectations change, the traditional fee-for-service model has already morphed into the new era of health-care consumerism – a patient-organized mix of self-care, urgent care, and in-home care, avoiding emergency rooms or long wait for a doctor visit. More seniors used telehealth at home during the pandemic – and today the landscape is set for growth in the use of AI in care delivery to augment, assist, and in some cases provide care:

Icon and Caspar AI Partnership Offers a Comprehensive Safety and Engagement Solution to Senior Living Communities

10/30/2023

OR IMMEDIATE RELEASE (October 30, 2023) – Icon and Caspar AI are pleased to announce a strategic partnership to leverage Generative AI for improving resident safety and engagement.

Caspar provides a comprehensive 24/7 safety net for residents with passive contactless sensors – no cameras or wearables are needed. Caspar is free for eligible residents and the communities may generate $144,000 in topline revenue for every 100 residents.

With Icon’s engagement and communication platform, the communities can now enhance the experience for their staff, residents and families.

Pages

Subscribe to RSS - senior living

Categories

login account