Market Overview for Technology for Aging in Place

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social isolation

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social isolation

Parks Associates: 41% of Current Caregivers are Concerned About Social Isolation

08/09/2019

DALLAS, Aug. 8, 2019 /PRNewswire/ -- Parks Associates research finds 41% of current caregivers are concerned about the social isolation experienced by the people under their care.  Caregivers are most concerned about their loved one's declining strength, ongoing health issues, and the potential for accidents and emergencies, which are typically targeted by PERS and other aging-in-place solutions.

How the media loves to talk about loneliness among older adults

Shall we take this WSJ article at face value? Rant on. From yesterday’s Wall Street Journal – pops up a dramatic headline, The Loneliest Generation, describing how baby boomer Americans, more than ever, are aging alone. Did you know that ‘social isolation’ has become a named baby boomer health condition, spiking Medicare costs by an additional $134 per enrollee – tucked into the list that includes arthritis (+$117 of cost) and diabetes (+$270), source AARP?  Most of that additional spend was on nursing facilities and additional hospitalization.  Hmm.  What’s wrong?

Humana Program Encourages Socialization Among Seniors

09/26/2018

New findings from insurance giant Humana (NYSE: HUM) show that nearly 31% of Americans over the age of 65 don’t feel socially engaged. Social isolation has been a prevalent issue for many home health care and home care companies in the U.S. Such companies as LHC Group (Nasdaq: LHCG), FirstLight Home Care and Lifesprk have been working to find solutions to the issue.

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ORBITA AND AARP WILL STUDY EFFECTIVENESS OF AI-DRIVEN VOICE APPLICATIONS THAT IMPROVE REMOTE PATIENT MONITORING AND REDUCE SOCIAL ISOLATION

05/31/2018

Boston, MA – May 31, 2018 – Orbita, Inc., which provides a first-of-its-kind technology platform for creating health-care specific voice and conversational AI solutions, today announced a collaboration with AARP  to study remote patient monitoring and reduce social isolation.

Ageless Innovation New Joy for All Companion Pet Tuxedo Cat

07/13/2018
Pawtucket, R.I. – July 12, 2018 – This summer, Ageless Innovation LLC will bring even more joy and companionship to older adults and their caregivers with a new version of its Companion Pet Cat. The Tuxedo Cat, with distinctive black and white markings, was created in response to popular demand from consumers for a cat that more closely resembles real ones they’ve known and loved.
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