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2024 What's Next Longevity Venture Summit (online)

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Family caregivers

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Family caregivers

Family First Raises $11 Million in Series A Funding Round

07/20/2023

BOSTON, MASSACHUSETTS, USA, July 20, 2023/EINPresswire.com/ -- Family First, the leading expert-led and technology-powered caregiving solution, announced the close of an $11 million Series A funding round led by RPM Ventures and Eos Venture Partners, with participation by Wormhole Capital and Stephen Fromm. The company will use the funds to drive its mission of solving the crushing challenges faced by the nearly 50 million Americans who care for an aging or ill loved one.

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ViewClix Launches All-New Smart Displays with Groundbreaking Features For Seniors and Their Families

03/15/2023

ORTLAND, Ore., Feb. 28, 2023 /PRNewswire/ -- ViewClix (https://viewclix.com/), the leader in providing visual communications for seniors, today announced the launch of the new "E series" ViewClix Smart Frames that will include ViewClix's new innovative features. The Smart Frames are the latest release for the company which launched in 2017 and has provided tens of millions of video call minutes to families around the world.

The Internet of Caring Things -- National Innovation Center for Ageing UK

This white paper describes UK older adult trends -- and describes an initiative to describe technologies and services, The Internet of Caring Things, that serves older adults and provides business opportunities for vendors and services.

2023 Market Overview (2 of 4): Aging and Caregiving Policy Recommendations

Caregiving and other demands of an aging population are gaining attention. In a University of Michigan national poll in November, 2022, more than half of adults aged 50-80 say they have helped an adult aged 65+ with health, personal and other types of care needs. Another study noted that the average family caregiver is a baby boomer woman. Notable at the end of 2022, the Administration for Community Living published the National Strategy to Support Family Caregivers.  In addition to the government-supported discount on broadband access, the report recommended “future-focused tools and assistive technology, such as smart homes, wearable blood pressure and heart monitoring devices, automated pill dispensers, e-learning modules, task management apps, speech amplification and adaptation systems, and geo-tracking.” Some of these tools are included among examples in the Technology for Aging 2023 Market Overview.

Will robots help us in our homes – now and within 10 years?

Context matters: consider the likely status of people in 10 years. It makes you think. Asked this question recently and pondered. What will be the context at that time? A decade from now, the oldest baby boomers will be 86. Women will outlive men by a few years – living on average into their late 80s. They may be solo agers – no children, spouse or partner. They may struggle financially – including the 15% of women who rely primarily on Social Security income.  By 2030, 20% of the US population will be over the age of 65 -- and likely to be obese and living for at least 8 years with some level of disability. The demand for home care workers will grow by at least by 37%.  According to PHI analysis, the job pays so poorly today that 40% live in low-income households and 43% rely on public assistance.  Put all that together and at least the concept of helpful robots sounds pretty good.

Sensor technology can help families and short-staffed care providers

Sensor technology is increasingly useful in the care of older adults.  As part of the research into  the Future of Sensors and Older Adults, interviewees outlined ways sensors could be useful for mitigating fall risk. And their role tracking trips to the bathroom has been useful in detecting UTIs, identifying wanderers, alerting about sleep issues, noting whether a person has eaten. In senior living or home care, permission to track this type of information is likely (hopefully) given at the onboarding of a new care recipient or resident.  By mitigating some of these issues, older adults could remain home longer, supported by home care.  Or they could extend time in a senior living home, prior to moving to a higher level of care.

Eight new technology offerings for older adults

Are you starting to notice a pattern, so to speak?  There seems to be a growing number of tech offerings that can see, sense, detect, and learn about behavioral patterns as part of new tools for older adults and their caregivers. Changes like these and others in this space will be addressed in a new report launching this month: "The Future of Sensors and Predictive Analytics for Older Adults."  In the meantime, here are eight new offerings in the market that are designed to improve wellbeing and care.  All text is drawn from the websites of the companies -- they are presented here in alphabetical order. 

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