Aging in Place Technology Watch

FEBRUARY 13, 2024

million live in nursing homes – where the most common condition is dementia. So that means that everyone else is still in their own home or living with a family member. The cost of senior living care at $54,000/year over any length of time is staggering, pushing move-in ages out to 84. What it means – a tech opportunity.

Nursing 69

Nursing 69

Aging in Place Technology Watch

AUGUST 11, 2022

The Census knows the growth and potential explosion of care needs and older adults. Home Health Care Services experienced an even larger increase – 50/5% -- during the same period.” Figure 1 Estimated revenues from care related services 2013-2020. category tags: AgeTech , senior living.

Nursing 144

Nursing 144

Aging in Place Technology Watch

NOVEMBER 24, 2020

With the beginning of HIPAA-compliance, diagnostic capabilities based on voice, and increased personalization capability, Voice First technology promises to provide greater assistance to health professionals and a better experience for consumers at home. In 2020, a modest category became mainstream.

Health Technology 140

Health Technology Remote care HIPAA Telehealth 140

Aging in Place Technology Watch

JULY 19, 2023

For too many years, high quality data about care of seniors has been elusive. Lack of standardization of technology platforms – or lack of care platforms altogether – hobbled the care industries -- senior living, home care, home healthcare. Consider Optum’s acquisition of Amedisys home health business.

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Aging in Place Technology Watch

APRIL 3, 2024

As interviews proceed for the upcoming report, The Future of the Tech User Experience, all agree. And it is not just tech – consider the impenetrable smart TV interface, the microwave button-display combination, the new car that lacks readable warning lights and other user interface issues. The decline of design.

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Aging in Place Technology Watch

SEPTEMBER 24, 2020

New announcements in the voice first category were of particular interest. As if that weren’t enough, a tech track at Argentum’s annual (now virtual) conference included a session on Voice First (sponsored by CDW Healthcare) in a long list of tech enablement session entries. Learn more at CarePredict.

Telehealth 156

Telehealth Digital Health EHR Nursing 156

Aging in Place Technology Watch

JUNE 7, 2022

A vision for 'connected care.' Conceived by Andrea Cohen, Founder and Vice-Chair of HouseWorks, a Boston-area Home Care agency, and as Andrea noted, "When employed to its fullest, remote care technology improves every aspect of how care is delivered in the home. Review paper logs after getting to home.

Connected Care 128

Connected Care Remote care 128

Aging in Place Technology Watch

JUNE 16, 2022

A well-known consulting firm assesses the growing care gap. Boston Consulting Group analyzed the care crisis recently asserts that the lack of paid or unpaid care workers to provide care of children or aging parents may prevent them from filling unfilled jobs, noting the 99 million people today who are not in the workforce.

Nursing 139

Nursing 139

Aging in Place Technology Watch

FEBRUARY 28, 2023

These two letters, AI, have risen to top of tech talk and media minds. A quick search reveals near hysteria in the media and near panic among leading tech firms. So as a result, tech firms want you to know that they are working on appropriate fixes. Consider The Internet of Caring Things.

Nursing 131

Nursing 131

Aging in Place Technology Watch

OCTOBER 19, 2023

The US population is aging and will be needing more care. You read it every day in the popular press – the bad news about the 65+ and their future care burden and the good news about the 65+ and their wealth (22% of US spending in 2022). Consumers are all in on self-diagnosis and care.

Mental health 69

Mental health Telehealth Health Information 69

Aging in Place Technology Watch

JANUARY 6, 2021

It took the combination of 71 million boomers, a pandemic emergency, and the sheer size of the aging population to transform a 2009 market niche into this 2021 market category worthy of investment-- less about products specifically designed for older adults as it is about the marketing of many existing offerings as useful to them.

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Aging in Place Technology Watch

JULY 21, 2023

The care continuum that serves older adults is an ignored reality. The stove-piping of care-related services is a myth. Examples: Some believe family caregivers are a standalone entity that does not use care services. That committing to aging independently at home is a permanent decision. Learn more at FamilyFirst.

Nursing 118

Nursing Health Information Mental health 118

Aging in Place Technology Watch

DECEMBER 13, 2022

You saw and considered the 2022 Tech Trends. Note that falls can be detected in a home without a wearable – via a wall-mounted device or through in-home Wi-Fi. Here’s hoping that 2023 makes tech installation and integration easy for families and consumers. Up ahead -- CES 2023. Stay tuned for blog posts in January.

Nursing 136

Nursing 136

Aging in Place Technology Watch

JUNE 13, 2023

An optimistic view of home care’s future as seen from 2012. Several times in the past decade, interviews were conducted with experts that lead to some reports about the home care industry. This chart came from a report, The Future of Home Care Technology 2012 that was sponsored by Microsoft, Verizon and LivHome, in 2012.

Nursing 130

Nursing 130

Aging in Place Technology Watch

JANUARY 10, 2024

With so many entrants in the AgeTech, accessibility and health categories seeking visibility and possible global reach. And there are numerous separate focal points for tech for older adults (see Samsung Health House ) and a CTA Foundation Pitch Competition. Today it is just CES 2024 and it is really a B2B(2B2B) event. Learn more.

Digital Health 139

Digital Health 139

Aging in Place Technology Watch

MARCH 23, 2022

The ACS will size tech adoption – and not a minute too soon. We might learn from the upcoming American Community Survey (ACS) data release which households have broadband connectivity, own a computer or other devices – down to a level of granularity that includes that rarely surveyed category, age 85+. Some will live much longer.

Health Information 131

Health Information Telehealth 131

Aging in Place Technology Watch

NOVEMBER 1, 2022

Look at the ludicrous amount of time it took to officially enable buying hearing aids over the counter. Look at the ten years or more between the first wave of useful sensor tech for seniors (2005 with GrandCare Systems ) until the newer collection of offerings. Note that uncorrected hearing loss is correlated with dementia.

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Aging in Place Technology Watch

MARCH 15, 2023

The hype about ChatGPT and its peers has revolutionized the tech world. Reminding ourselves of definitions clarifies what we are talking about: " AI-enabled programs can analyze and contextualize data to provide information or automatically trigger actions without human interference." These grants largely predate the ChatGPT hype.

Medical Billing 131

Medical Billing 131

Aging in Place Technology Watch

JANUARY 25, 2023

Technology solutions augment care – not replacing family or support. Care-related service organizations are taking a closer look at technologies that could help them cope more effectively with staffing shortages and other issues. Other vendors are now offering voice-enabled PERS services. Communication and engagement.

Medicare 69

Medicare Telehealth Digital Health 69

Aging in Place Technology Watch

MARCH 12, 2022

These should be of particular note to startups and tech companies that want to reach the older adult market. A striking shift from care in faci lities and hospitals to care in the home. . Regulation shift enabling capabilities in the home and emergency funding for telehealth will persist beyond COVID.

Health Technology 150

Health Technology Telehealth 150

Aging in Place Technology Watch

AUGUST 3, 2020

Voice tech is pervasive – for some, but hardware market adoption may be slowing. Also note that the survey extended to boomers (those aged 56 to 74) who apparently cared less than younger people. The statistics about ownership and usage of voice tech are staggering. as penetrating one third of the US population – 111.8

Remote care 120

Remote care Telehealth Patient Experience Nursing 120

Aging in Place Technology Watch

OCTOBER 13, 2022

What changes in care technology will be different later in this decade? Consider the implications of adoption of sensors to deliver and improve the care of older adults -- then look forward five years. Does the shortage of labor to serve the aging population make sensor technology essential in delivering care?

Healthcare Data Security 131

Healthcare Data Security Nursing Digital Health 131

Aging in Place Technology Watch

OCTOBER 26, 2022

The investor and technology market, historically known for tech ageism, is beginning to wake up to the AgeTech opportunity. As an aging population grows, the supporting labor force for aging services, both in communities and for in-home care, simply isn’t there, lured away by better pay across multiple sectors. Stay tuned!].

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Aging in Place Technology Watch

MARCH 19, 2020

The coronavirus pandemic has prompted instant behavior and tech changes. This applies to caring for and treating the 2.5 million in senior living communities, including nursing homes. And further, when senior living companies were enabled to provide their own Medicare advantage plans , that piqued more interest in telehealth.

HIPAA 145

HIPAA Telehealth mHealth Medicare 145

Aging in Place Technology Watch

AUGUST 31, 2022

And that the costs (estimated at $754 million in 2015) were mostly paid by Medicare and Medicaid (the latter likely in nursing homes.) So many factors contribute to the risk of falling, including lower body weakness, balance issues, medications, and home hazards.

Nursing 131

Nursing Medicare 131

Aging in Place Technology Watch

OCTOBER 29, 2020

What’s up with investing in home care and technology? In addition to the Forbes list, which included the $157 million poured into Care.com, unfortunately revealing a shocking lack of company oversight of care workers in 2019. Home Care Assistance received $100 million in 2016. Why the froth?

Nursing 133

Nursing Medicare 133

Aging in Place Technology Watch

SEPTEMBER 8, 2022

Sensor technology is increasingly useful in the care of older adults. In senior living or home care, permission to track this type of information is likely (hopefully) given at the onboarding of a new care recipient or resident. Since January of 2020, 400,000 nursing home and assisted living workers have quit.

Nursing 135

Nursing 135

Aging in Place Technology Watch

JULY 7, 2023

Today’s collection includes 104 companies, many of whom have gone through the AgeTech Collaborative Accelerator process, including pitch competition, Accelerator program enabling entry into the AgeTech Collaborative program. The categories span Caregiving, FemTech, Health, Mobility, Savings & Planning, and Social Connections.

Leadership 53

Leadership Nursing 53

Aging in Place Technology Watch

DECEMBER 30, 2020

But there was also an awakening to the significance of aging in place , the investment category of older adults , the market power of older adults , including the 65+ population of 54 million. The availability of a growing trove of data about our behavior has enabled the ever-smarter world of voice interactions and sensors.

Remote care 118

Remote care Interoperability 118

Aging in Place Technology Watch

FEBRUARY 24, 2021

The home care market is (still) a booming business. Home care of various types now augments and even enhances services that not long ago may have been provided by senior housing. Home care workers are also among the lowest paying and least trained occupations.

Nursing 128

Nursing 128

Aging in Place Technology Watch

APRIL 26, 2022

Covid-19 fallout pushed the care industries into the home. Home care vs. assisted living – the demand is for home care. Hospitals continue to close , especially in rural areas. Tech services for remote monitoring of people and patients took off and stayed aloft. The future?

Medicare 125

Medicare Telehealth Public Health 125

Aging in Place Technology Watch

MARCH 9, 2021

Has the future arrived in the world of seniors, senior housing, home care? Seniors at any tech proficiency level can hear a demonstration of this – and be startled at what can be done without rising from a chair, fiddling with a mouse, or swiping a screen. Our voice-enabled personal health coaches – not so much.

Telehealth 158

Telehealth 158

Aging in Place Technology Watch

APRIL 2, 2020

Note the wave of announcements of 'free' tech services and sea changes. If your firm is in the remote care/caregiving space (health, telehealth, engagement), please comment or email and I will add to this list. But nursing homes, specifically? Home health care and home care – what are they doing?

Remote care 141

Remote care Telehealth mHealth Nursing 141

Aging in Place Technology Watch

AUGUST 8, 2023

Taking stock of the tech market for older adults – what’s happened? Past the halfway mark in 2023, it’s increasingly clear that the older adult tech market has been disrupted by changes in demand. Its increasingly transformed by new technologies emerging from new funding sources tech disruption, and entrepreneurial initiatives.

Nursing 48

Nursing 48

Aging in Place Technology Watch

JUNE 10, 2020

In the time of Covid-19, some are talking about an increasing use of technology in their nursing homes. Others are discussing the race to enable ‘televisits’ -- noting outreach from AARP to CMS to boost the requirement for enabling technology in nursing homes. The State of Florida gave tablets to 150 nursing homes.

Nursing 157

Nursing Telehealth 157

Aging in Place Technology Watch

JUNE 25, 2019

And that company is quietly pivoting to become a home care consolidator/platform company). Meanwhile, over at the $30 billion (2018) home care market, a worsening shortage of workers in the midst of demand growth, is creating a recruiting near-panic among agencies, senior living firms and families, and produced.

Digital Health 85

Digital Health 85

Aging in Place Technology Watch

MAY 12, 2022

Tech complexity for new users is getting worse. You search the tech forums, find the example of what happened and voilà, there’s the fix. Certainly that must be what senior living residents and older adults living at home do, not to mention the of-course sizable tech staff working in senior living and elder care.

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