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Home Care

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Home Care

Five key trends driving 2016 technology for older adults

A look back to look forward.  Consider the context for 2016 innovation, despite (or as a result of) a still-erratic economy, and smaller-cheaper-better base technologies. At the same time, the assisted living industry watches residential age climbing – over half now are 85+. So the desire (or perhaps the only option) to age at home has further intensified. That has created opportunities like the AARP and Leading Age funds; research initiatives like Baycrest and Philips AgingWell; and startup pitch events like Louisville Innovation Summit, or Aging 2.0. Based on looking back at 2015, here then are five categories of trends for 2016:

What mattered -- blog posts in aging and technology in 2015

2015 was an intriguing year for technology and aging. The market opportunity has become more apparent, as the oldest boomers reached aged 69.  Just for instance: there were multiple age-related fund launches; home care with tech underpinnings began to attract the lemming-like VCs; PERS offerings began to be integrated; speaking to devices (not typing) became increasingly possible; smartphones became tablet alternatives; senior housing organizations attempted re-branding of their offerings, likely to better match boomerdom. As we get closer to 2016 and summarizing key forward-looking trends, consider blog posts from 2015.

FirstLight HomeCare Posts $52 Million in Gross Revenues During 2015

12/14/2015

CINCINNATI, Ohio. – Dec. 14, 2015 FirstLight HomeCare, provider of quality, affordable, non-medical in-home care for adults, announced its 2015 earnings as $52 Million, a 98 percent increase over 2014 revenues.


 

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So wrong: Japan’s hope for the tech-enabled and robotic aging life

Remember the Cyberdine demo of HAL at ASA some years ago? The Hybrid Assistive Limb (HAL) was designed by a venture firm in Japan to help a wheelchair-bound individual stand and move. It was very cool. It was priced at that time (2009) at around $5000. By 2014, the device could be rented for the equivalent of $1400/month. And now it has again been modified. This time, according to the WSJ article about Japanese demographics, the country needs its older laborers to work substantially longer. So a 67-year-old worker in the construction industry can stack wood just like someone half his age. Yay. And then there is the charming Pepper robot, selling for an equivalent of $1600, leading recreational activities in senior housing, charming the residents. In Japan, 13% of the population is 75+, and in another statistic, 15% of the 'elderly' population has dementia.

Is aging in place technology at the 2.0 stage -- or beyond?

In the exhibit hall, there is often hope, sometimes disappointment. Startups hope for a committed investor, the inked partnership. Or perhaps a positive nod from a health firm or senior-housing community -- sell-once, deploy-many. At the mHealth Summit, now a HIMSS property as part of the multi-show Connected Health Summit, the obvious signal sent by HIMSS was its lack of interest in mobile and wearable mHealth – the summit was just one of several events scheduled at the same time. Attendees looked at the relatively limited scale of the show, noted its IT emphasis, compared to previous – some very big players did not even bother to participate (Walgreens, but not CVS?). Too much health IT, not enough mhealth? Or is all health tech now actually health IT?

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People Power Launches Indiegogo Campaign for Pro Care Solution

11/23/2015

PALO ALTO, CA--(Marketwired - Nov 23, 2015) - People Power, a services enablement company providing apps, cloud and mobile services for the Internet of Things (IoT), today launches its crowdfunding campaign for the Presence Pro Care software solution.

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HOMETEAM TO OPEN 15 OFFICES IN NINE STATES IN THE NEXT YEAR

07/23/2015

HOMETEAM TO OPEN 15 OFFICES IN NINE STATES IN THE NEXT YEAR


Fast growing in-home care company marries cutting-edge technology with superior in-home care


(New York – July 23) Hometeam, a fast growing company providing in-home care for older adults that will change the way Americans experience in-home aging, today announced it will open 15 new offices in nine states in the next 12 months.


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Marketing nonsense alternatives to assisted living by preying on fear

Are ‘drop-in chefs’ an alternative to assisted living?  Some headline writers saw an opportunity – and some ran with the title even though the original NPR story stepped back a bit and said ‘help seniors stay in their own homes.’  You probably have heard that cost-sharing is an alternative to assisted living. Or sharing your home with roommates through Room2Carewith the founder wisely observing “Not everyone needs to be in assisted living.” Or let’s take Granny Pods – are they an alternative to assisted living? Remember these – prefab back yard cottages fit up with computers to provide medication reminders?  Or maybe Information Week’s Eight Technologies provide an alternative to assisted living -- the article said ‘changing home health care,’ but web designers know SEO and threw in 'assisted living.'

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