Market Overview for Technology for Aging in Place

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What's Next Boomer Business Summit, Chicago, March 21-24, 2017

April 7-10, Washington, DC

Boston, April 30-May 4, 2017

Washington, April 28-29, 2017

 

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tech-enabled home care

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tech-enabled home care

2017 Tech-Enabled Home Care Report: Rising worker scarcity, family expectations

Why does tech-enabled home care show potential? Growing life expectancy and shrinking assets limit options of older adults in late life, leaving those who may need care more likely to receive it at home. The biggest constraint for this industry is scarcity of willing workers. Although a greater role for technology is envisioned by many, the highly fragmented home care industry has made incremental progress in achieving it.  As the industry matures, standard practices and tech-enablement have begun to take shape. With the coming age wave, venture capitalists have been intrigued and funding has exploded, exceeding $200 million by 2016 year end. 

Six observations from Tech-Enabled Home Care 2017 Research

Tech-enabled home care -- what does the interview research reveal? The report will be posted later this month, but specific insights emerged after speaking with 21 leaders in the home care business and technology segments.  The interviews are completed and the report is drafted. Here are six predictions that are drawn directly from that process:

Six technology-enabled innovations for older adults from 2016

Tech announcements spew forth, fast and furiously – but most do not help older adults.  Stay tuned and hopeful if you can, to the hundreds of announcements that will pour forth in the coming weeks from CES 2017 – hopefully a number of them focused on or at least interested in the care and/or services related to an aging population – and yes, according to the CDC, if one lives to age 65, life expectancy is unchanged. In the meantime, let’s reflect on 2016, which saw the rise in awareness of future caregiver shortages, shortages in family time, but not shortages in investor money:

Lyft and CareLinx Partner to Transform Accessibility of Transportation for the Elderly With CareRides

12/12/2016

SAN BRUNO, CA--(Marketwired - Dec 12, 2016) - CareLinx Inc., a leading nationwide online caregiver marketplace, specifically focused on helping the elderly and people with disabilities and chronic conditions, today announced a partnership with Lyft, the fastest growing on-demand transportation service in the U.S., to offer CareRides, convenient, reliable, door-through-door transportation to increase freedom and mobility for

Emerging Home-Care Agency Mavencare Receives Nod in Deloitte Technology Fast 50 List

12/12/2016

TORONTO, Dec. 12, 2016 /CNW/ - Toronto-based home care company Mavencare has recently been named amongst the 19th Annual Deloitte Technology Fast 50. The home care agency was listed under the "Companies-to-Watch Awards", which is a section of the Fast 50 that is awarded to companies considered in the early stage of business development, as Deloitte requires companies be active for four years to be included in the Fast 50 list.

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