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Market Overview for Technology for Aging in Place

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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:

Home Hero is sort of done (maybe, for now??) – What can others learn?

After the long, long, long HomeHero goodbye – was the analysis correct?  HomeHero, based in LA, was one of the three dubbed here as 'Home-egos' to launch within the past 2-3 years -- along with Honor and Hometeam -- and the first to shut its home care business down.  But, unlike most shutdowns, this was a moment for founder Kyle Hill to recap the 'tech-enabled' home care firm’s life and closing story in exhaustive and exhausting detail, complete with pictures. Considering its $23 million of investment, it should have landed on the same Forbes page as the other home care investments –overlooked perhaps because its investors were not typical VCs.  But HomeHero’s example illustrates the enthusiasm and limited business analysis of startups in the older adult space, Lively being one of the most recent, but there are many more which were publicized loudly and then disappeared quickly without even a puff of smoke – or a founder post-mortem. 

Stratus Video Technology helps patients with language barriers communicate with physicians

02/21/2017

When an emergency occurs communicating with a doctor can be a daunting task. 

Having a language barrier with health professionals can make getting through an emergency all the more difficult. 

Stratus Video's new technology is helping doctors and nurses to communicate with patients that don't speak the same language. 

"So, our system that we use, the Video Remote Interpreting has 19 languages via audio and over 200 languages via phone" says Wendy Prins, UnityPoint - St. Luke's Director of Nursing Administration.

Reflexion Health Wins Home Care 100’s Most Promising New Technology Award

02/21/2017

Home Care 100, the preeminent leadership and strategy conference for top executives from the nation’s largest home care and hospice providers, awarded Reflexion Health with the Most Promising New Technology award at today’s general session.

Lenovo Health and Orbita Demonstrate Breakthrough Voice-Enabled Home Health Assistant

02/21/2017

RESEARCH TRIANGLE PARK, N.C. and BOSTON, Feb. 20, 2017 /PRNewswire/-- Lenovo Health, a progressive leader in health IT, is joining together with Orbita, an innovator in connected home healthcare, to demonstrate a breakthrough virtual home care solution at HIMSS 2017. Based on two recently unveiled products, Lenovo Smart Assistant™ and Orbita Voice™, the solution was showcased at HIMSS 2017 in Orlando, Florida.

Virtual health challenges with gamification can drive behavior change and may lower blood pressure

02/21/2017

-Social influence and financial incentives in the form of health challenges with motivational messaging can help drive sustainable behavioral changes that are associated with lowering blood pressure, according to a study presented by higi at the American Heart Association's 2016 Council on Hypertension Scientific Sessions.

Seven intriguing health technology offerings from HiMSS 2017

HiMSS – a tech-enabled vision of health potentialAs health spending approaches 20% of the US GDP, health tech innovation has become a visible lever for its curtailment. At this annual HiMSS event those with comfortable shoes could see a plethora of ways to improve outcomes, lower costs, change behaviors, engage patients, streamline the back office processes, about telehealth, confronting the onslaught of security breaches, sessions on population health, healthcare transformation and improved care delivery workflow.  This was an opulent show, spanning a 1300-participant exhibit hall with major player (anchor) exhibitor booth investments writ large.  Here are seven interesting examples that could benefit the older adult market– listed in alphabetical order:

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