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Market Overview for Technology for Aging in Place

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medication management

Technology in Senior Care – Thoughts from a Chief Medical Officer

For a Chief Medical Officer, what role does technology play? Recently there was an opportunity to query executives in senior care, including Dr. Arif Nazir, Chief Medical Officer, Signature HealthCARE, who was asked about the technology impact on long-term care jobs.   The insights quoted here could be generalized, not just to Skilled Nursing Facilities, but to all types of care delivery – and are particularly notable in the context of last week’s New York Times article: "How Tech Can Turn Doctors into Clerical Workers.” As Dr. Nazir notes, it’s not just doctors who can be frustrated by over-emphasis on technology. Here are the questions and few observations about the work and the workers:

MedaCube enables older adults to take multiple medications on time

04/17/2017

MedaCube enables older adults to take multiple medications on time

Device can reduce nursing home admissions, emergency room visits and medical costs

ROCHESTER, New York, April 10, 2017-- The MedaCube, an FDA-approved intelligent medication dispenser, is now available to help older adults take multiple medications on time and consistently, enabling them to stay healthy and live independently.

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Solo Technology Holdings, LLC Announces Indiegogo Campaign for the iKeyp

09/19/2016
Westchester County, N.Y. (September 19, 2016) – Solo Technology Holdings, LLC announced today that it will launch an Indiegogo crowdfunding campaign for the iKeyp onTuesday, September 27. The iKeyp is the first smartphone-enabled personal safe designed to safeguard both prescription medications and valuables. 


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Caregivers don't really want caregiving technology or platforms

AARP/Catalyst study from 2016 matches results from the past.  Assume you can get past the demographics of the AARP Catalyst study -- which were well-described, but vague about the characteristics of the care recipient.  "More than three-quarters say they are interested in technology that helps them check on or monitor a loved one. Available technologies are in use by only 10% of caregivers. Caregivers say these technologies, while attractive in principle, are too costly and complex, and therefore not worth the investment of time and money."  Haven't we heard this before? Remember Caregiving in the US, 2009, when interest in technology was also 'high'? In the Catalyst study, current use rates were low: 71% said they they were interested in using technology, only 7% of caregivers are already using or have used technology available in the market. Greatest interest noted? Technology for requesting and ordering a prescriptionnrefill/pickup.

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