Digital tools for diabetes prevention and management. Population health statistics about diabetes are alarming health professionals, particularly concerning today with 26% of older adults having diagnosed (16% of baby boomers and 27% of seniors) and even undiagnosed diabetes. So there's no surprise – innovation is wanted and much needed. New technology startups are popping up all around to help prospective patients prevent the onset of diabetes – and/or manage it more effectively. While some research casts doubt on the sustainability of these tech interventions, that doesn’t stop new entrants from jumping into the fray. Here are six of the tools available – with descriptions from news articles, smartphone-ish vendor sites or far more informative press reports. Would seniors use these?
Competitions abound – all need groundwork. Just a few years ago you might have noticed that there were few business plan competitions for products and services targeting the older adult market (the Silicon Valley Boomer Venture Summit begun by Mary Furlong in 2004 was a rare exception.) When its Letter of Intent page appeared at the end of 2011, CMS innovation grant applications included technology submissions behind the scenes, in partnership with non-profits and healthcare delivery organizations. Then came the $1 billion round two announced in December 2014 – and with that, multiple other tech solutions were included to help deliver significant changes, including health information exchanges, patient engagement, the emerging field of population health, and today’s CMS reimbursement for telehealth. With these approvals, CMS effectively laid the groundwork for many of the firms that compete today in health segments.
What is the line between a distinct product market and tech customization? In 2009 when the original Market Overview was published, the search began to identify the small group of entrepreneurs focused on serving seniors – from the AirGuru SV1 Video Phone and Big Screen Live all the way to WellAware and Wellcore. Why note such a market, you might ask? All of those companies and many others had the heart and focus to try to craft something usable by and for an older adult. In many cases these were inventions compensating for a gap in care and oversight, but most often filling a gap in internet access and/or usability of devices and software.