Market Overview for Technology for Aging in Place

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medication management

VitalCare Remote Patient Monitoring Platform for Seniors Incorporates New Medication Module

12/03/2019

(Plano, TX) VitalTech announced today that its VitalCare platform for remote patient monitoring now includes a dedicated module for medications. Clinicians and patients can set medication reminders by time of day, which are then sent to the patient’s tablet or smartphone. These reminders can also be sent in the form of messages to VitalTech’s VitalBand smartwatch.

Technology Can Help Make Medication Management Smarter

Medication non-adherence – it’s serious. This medication non-adherence (not filling prescriptions or missing dosages) is a major health issue – resulting in 10% of hospitalizations, 125,000 deaths, and costing the healthcare system up to $300 billion/year.  Consider that 1 in 5 Medicare patients are re-admitted to the hospital within 30 days after discharge – half of them because of medication non-adherence. In a study by Walgreens, researchers found that every 1% improvement in adherence saves about $50 in healthcare spending.

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Groove Health Collaborates With CNA Insurance To Bring AI-Powered Medication Adherence Platform To Policyholder

08/21/2019

CHICAGO, Aug. 21, 2019 /PRNewswire/ -- Groove Health, a leader in medication adherence software for payers, is collaborating with CNA, one of the largest U.S. commercial property and casualty insurance companies, to provide CNA long-term care policyholders with the Groove Health digital medication adherence platform.

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Pillo Health Raises $11M in Series-A Funding

05/30/2019

BOSTON, MA – (May 29, 2019) – Pillo Health, a Boston-based technology company improving longevity and quality of life for patients managing their health at home, today announced that is has secured $11 million in funding from leading venture investors to complete its Series-A round. The capital will be used to drive growth and innovation as Pillo Health builds out its voice-enabled medication and care management platform for the home.

THE PILLGO PLACES BIOMETRIC ANALYSIS AND DRUG INTERACTION SMART PILLBOX

05/28/2019
IRVINE, CA (May 28, 2019) – Poor medication adherence is becoming a global hindrance to chronic disease management, and according to the Centers for Disease for Control & Prevention, medication is not taken as prescribed 50 percent of the time. This troubling lack of adherence leads to 30 to 50 percent of chronic disease treatment failures and 125,000 deaths per year in the United States alone.
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As Directed Plus TLC

01/18/2019

MODESTO, CA, January 8, 2019 -- As Directed Plus, LLC. () launched its Technology Enabled Care (TEC) assistant at the 2019 Consumer Electronics Show. More than just a pill dispenser, As Directed Total Linked Care (TLC) is a TEC assistant for anyone seeking a more convenient way to manage personal health and wellness.

 

AARP data shows that 117 million Americans will need care assistance

by the year 2020.  Additionally, on average, seniors take as many as s

even medications per day. Studies indicate that as many as 58% of those

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New Technology Offerings for Caregivers and Families

As summer winds down, innovators rev up.  August is winding down -- the calm before the autumn slew of activity.  Nonetheless, new milestones and partnerships were announced this month, including Embodied Labs becoming a finalist for the Top8 XR Education Prize sponsored by the Bill  Melinda Gates Foundation,  MedMinder reaching 1433 on the Inc5000, the acquisition of GreatCall by BestBuy, and MobileHelp announcing a partnership with LifePod.  And four companies released new offerings to help professional and family caregivers improve monitoring and well-being among older adults:

MedMinder is No. 1433 on its 37th annual Inc. 5000

08/21/2018

Inc. magazine revealed that MedMinder is No. 1433 on its 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.


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