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Market Overview for Technology for Aging in Place

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Technology and Aging Developments – April 2017 Newsletter

April -- a veritable shower of data, press announcements, and pitches. It was a short but information-filled month of events, announcements, pitches.  The month marked our first foray into the American Community Survey Census data about technology usage of older adults. Much more is possible with this data – including greater inspection of housing, family structure, income as correlated with technology interest (including telehealth).  Each of the April blog posts can be (re)read in full by clicking on the paragraph heading.   

Samsung Electronics America Chief Medical Officer highlights digital health priorities (Q&A)

Samsung has shown a keen interest in digital health with collaborations such as virtual reality technology to ease pain and anxiety and artificial intelligence for stroke patient clinical decision support. Samsung Electronics America Chief Medical Officer Dr. David Rhew detailed some of the company’s digital health priorities as well as how it is working with provider partners and startups in emailed responses to

Six technologies from American Telemedicine Association (ATA) 2017

In 2017, has telehealth and remotely-delivered care evolved? Compared to our published research dated 2011, times may have changed. As surveys have indicated, the healthcare industry is interested and more committed to mainstream use of telehealth technologies.  And telehealth vendors want to help doctors and patients gain mutual benefit of care provided at home versus hospital, especially to lower care delivery costs; augment care for patients in locations far from a specialist or during off-hours; and continue growing the ability of patients and families to self-monitor chronic disease.  In 2016, CMS published a list of covered telehealth services, and no doubt commitment to cost reductions (and reimbursements) in the coming years will result in an expanded list and further industry commitment.  Perhaps ATA's smaller conference will evolve to become part of other sets of conferences, like Connected Health in Boston or part of the ever-growing HiMSS conference collection.

LG CNS Healthcare Solutions Announces Second Annual Healthcare Innovation Challenge for Telehealth

04/19/2017

Grant award recipients will receive a range of technical and consulting services to help their ideas become reality, including the production of video case studies and presentation materials, training, and marketing support.

Technology and Aging Developments - March 2017 Newsletter

March madness – a plethora of posts – a newsletter recapping them. So many topics mandated a discussion, some analysis or insight.  So the unusually long month of March meant an unusually long list of seven blog posts, including several involving examinations of data and new terminology (the paid Caregiver Support Ratio (pCSR), for example)  that invite scrutiny and can be very useful for companies in the age-related market segments.  As March winds to a close, here are the month’s posts, of particular use to those who didn’t see them at the time of posting – each of these is summarized with the full link in the heading.

With $30M in new funding from Omron, Mayo Clinic, AliveCor launches new AI-powered provider dashboard

03/16/2017

Smartphone ECG company AliveCor announced $30 million in new funding today, led by the Mayo Clinic and Omron Healthcare. At the same time, the company launched Kardia Pro, its first provider-facing offering, which uses AI to give cardiologists only the relevant information about their patient's ECGs.

Predicting the future of health tech and baby boomers – are we there yet?

Baby Boomers, Wearable and Mobile Health Tech – A status report. During 2015, the California Health Care Foundation (CHCF) sponsored a research project to evaluate the future likelihood of wearable and mobile health tech. This Boomers and Wearable Health Tech 2015 report considered wearables and health apps -- and the likelihood of these technologies helping baby boomers (the oldest is now 71 and 6 years along with Medicare) manage their own care and avoid unnecessary services and costs.  After all, the mobile health app market alone was predicted in 2013 to reach $26 billion by 2017.  Consider the status of each of these predictions – which were based on 21 expert interviews held during 2015. Were the experts correct or overly optimistic?  Both. Here are the 2015 predictions and what has happened since:

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