Remove tag snf-assist
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The cost of long-term care -- could technology help lower it?

Aging in Place Technology Watch

Consider the Genworth data (see Figure 1 ) showing that it cost $108,405 for a private room in a nursing home in 2021, $61,776 for home health aide services, and $54 ,00 0 in assisted living. category tags: Skilled Nursing Facilities (SNF) , SNF , wearables , Telehealth-RPM-Virtual Visits-Voice Health , IoT and home monitoring.

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Who knows the current population and age distribution of older adults?

Aging in Place Technology Watch

Only 2% of the 65+ (or 818,800) live in assisted living community – half of them with some degree of dementia. million category tags: AgeTech , senior living , Skilled Nursing Facilities (SNF) , seniors and aging policy Consider that the current census estimated population aged 65+ is 60.5 million, of which 33.2 million 27.2

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It’s 2022 – has technology use progressed in senior care?

Aging in Place Technology Watch

Remember that memory care is a sub-category within both senior living (aka assisted living) and skilled nursing facilities (aka SNFs). Assisted living is the priciest among older adult housing alternatives, averaging $4635/month, largely private pay. Do senior living providers see the need for tech investment?

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Care options for seniors.tech included

Aging in Place Technology Watch

Then there is the cost of 24x7 home care, same as assisted living (which is $67K in Massachusetts, for example) or even Genworth’s 44-hours of home care ($53-54K annual). But families are still in a position of finding and then managing the care workers, even with agency assistance. That may work for the most well-to-do seniors.

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Let’s talk about care options for seniors – shouldn’t technology be a part of care?

Aging in Place Technology Watch

Then there is the cost of 24x7 home care, same as assisted living (which is $67K in Massachusetts, for example) or even Genworth’s 44-hours of home care ($53-54K annual). But families are still in a position of finding and then managing the care workers, even with agency assistance. That may work for the most well-to-do seniors.

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The growth of telehealth is a plus for seniors – if they can use it

Aging in Place Technology Watch

Then in June, Amazon and K4Connect began an initiative to distribute 8000 Echo Dots to residents in 40 West Coast independent and assisted living communities. The odds are that most assisted living and nursing homes did not receive donated devices for residents. Technology Adoption – Pew Research. Who or what makes that happen?

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Did you miss one of four November 2022 blog posts? Check them out!

Aging in Place Technology Watch

Stanford Medicine offers a Partnership in AI-Assisted Care. category tags: IoT and home monitoring , SNF , seniors and aging policy , AI and machine learning. Over the last few years, a growing number of applications of AI and machine learning have entered the market of caregiving technology for older adults.