Brookdale survey: using technology mainly to connect with family and friends reported greater life satisfaction, less loneliness, and higher goal attainment.
LeadingAge ended last week, leaving tea leaves about the future. This annual conference is the largest for the world of non-profit senior housing companies – and while much of it focuses on the tactical, a number of sessions tackled change, some of it wrenching for this industry. We already know that older adults in the future will find fewer and smaller nursing homes, and the ones remaining will be more focused on acute care, driven, as always, by payments, policies and the significance (big) of higher move-in ages. One session coached about 'abandonment' of strategies no longer needed. These changes necessitate innovation among the organization 6000 member companies – and the mix of services that these companies provide.
Nursing home avoidance continues for both investors and care recipients. You might have read about investors cutting back on nursing home investment within ‘healthcare’ REITS. CMS and Medicare are reimbursing less for ever-shorter nursing home stays, ending their multi-year ‘billion dollar pie eating’ wave of investment. Note that the biggest chains of skilled nursing facilities (SNFs) like Signature Health Care (which has a web URL signaling LTC -- LongTerm Care) Revolution) – what might that revolution be? Consider the consumer’s first encounter with the industries for health care, long-term care (LTC), skilled nursing facility (SNF), nursing home, or post-acute facility. This terminology morass mirrors the reimbursement patterns of government agencies, which, in turn, drive investment language, behavior and labeling.
It's been a busy week that reflects growing interest in aging and new technologies. Just after the third annual Louisville Innovation Summit, some of the attendees and/or exhibitors dashed to San Francisco for the Aging 2.0 Optimize event. The founders, Stephen Johnston and Katy Fike, launched Aging 2.0 in 2012 'to pick up the pace of innovation that benefits older adults.' The program includes the Generator Ventures fund, an 'Academy' to cultivate classes annual classes of startups, distributed worldwide events, and competitions that feature finalists who participate in pitch competitions. Their flagship and well-attended Optimize event concluded today in San Francisco – with five of the exhibiting/pitching startups featured below. Information is from their websites or press materials:
