Market Overview for Technology for Aging in Place

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IoT and home monitoring

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IoT and home monitoring

Healthsense eNeighbor -- resident monitoring extended and extensible

Today, most ALFs and continuing care retirement communities (CCRCs) have not invested broadly in home monitoring technology. But some new CCRCs are designed from the ground up. Some, like Lutheran Home Association of Minnesota, have invested in wireless broadband, providing an opportunity for  Minnesota-based Healthsense™ to implement its eNeighbor™ product line throughout as a means to facilitate aging in place.

Silvers Summit -- a few thoughts after this first CES event about technology for seniors

It's been a long couple of days. So many vendors, so little brain capacity left. But let's get right down to the point. Silvers Summit is the first time CES has ever had a day-long track allocated to discussions and presentations about technology and aging.

Philips: "An uptick in world aging will drive our business"

For anyone who is still wondering whether there is a business out there in aging-related products and services, forward this item from today's NY Times to them.  Royal Philips, the Dutch industrial giant (approximately $37.5 billion in revenue per year), is convinced that the 'world is getting older.' A company shrinking by shedding businesses and 30% revenue, Philips is instead buying and building up other growth business areas, including energy-saving lightbulbs, but also its Lifeline PERS business for home and healthcare monitoring.

How is GoToMyPC a metaphor for Aging in Place Technology?

This is a quick thought and I know that it is obvious I've been hanging around IT too long. Even so, I'd love feedback on it -- please! It's about the parallel between a hassle-freeing Citrix technology called GoToMyPC and what seniors  in the future will need in their homes.

Can baby boomers afford to pay for parents' aging in place technology?

It's both a given and a strong conviction: Caregivers worry about the cost of technology to help seniors age in their own homes.  And in fact, so does everyone else.  Vendors and experts think or talk about the potential for all technology (or a vendor-specific technology) to be more affordable if it is to be adopted. Again and again, I hear the issue of 'who will pay' for technology to help seniors remain in their own home. And I detect a hope (and a bias) towards insurance reimbursment that will be government-directed and will lower the cost of care. I don't believe it -- and even more emphatically, I know that caregivers (aka the baby boomer children of those who are aging) can afford to pay.

If we wait for the healthcare industry to monitor our health, we'll just get older

With my ombudsman hat on yesterday, I spent a morning doing an assessment of an Assisted Living Facility. As is usually the case, the nurses showed us a thick patient chart book with its hand-written status observations, penciled medication tracking dosage X's and yellowed-out discontinued drugs.

Surveillance and Companion Robots -- Maybe not a Christmas present just yet

I have been searching the web for robots that could be useful to seniors -- today. Yeah, I know that's a tall order. So much research, so few commercial products, and I really don't want to count the companion toy dogs. And while vacuum cleaners and floor washers are interesting and available through Target, they're not quite what I had in mind for helping seniors stay safely in their homes. And the research programs, funded by every company (including Toyota, Sony, etc., etc. and its mother, don't seem to have commercial product near ready. 

Visonic's AmberX -- adds voice (and more) to PERS

Is the PERS device -- press a button around your neck and a service is dialed -- eventually headed for obsolescence? Parks Associates has predicted a basically flat growth path for PERS devices through 2013. Maybe that's so if security companies -- not healthcare companies -- set the replacement and extensible path. Here's another established and financially healthy security company, Visonic, that's been around for a long time -- now in the "PERS-and-beyond" market, aka the home monitoring market, with its Amber line.

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