Senior housing organizations want to accelerate development and adoption. Reading an interview with Majd Alwan, SVP and Executive Director of Leading Age’s CAST group, you would believe that we are on the cusp of widespread adoption of technology for older adults in the senior housing: Says Majd: "CAST brings developers—big ones like Phillips and Intel-GE Care Innovations, all the way to small start-ups—together with forward thinking and pioneering service providers who understand the value of technology and are exploring technology-enabled care models and implementing them in their communities, and researchers."
Don’t see the products your constituents need? Launch a fund to get them created. Sometimes organizations become frustrated with the pace of change and decide to do something about it. One of those is Link-age in Mason, Ohio, a group purchasing organization that buys on behalf of 450 senior living communities in 39 states. The organization, led by CEO Scott Collins, is launching a $20 million ‘gray’ national fund to accelerate creation of products and services for seniors. Local investment banker, John Hopper, managing director of the new Link-age Ventures (partnered with CincyTech), rightly observes: "We haven’t bumped into anyone else in the industry doing anything similar." Says Collins: "Entrepreneurs are eager to address the market, but few understand the needs." The investors will make money when the companies are sold – which they surely will be if they do find new and innovative ways to address, as Scott Collins indicates, the food, shelter, transportation and socialization needs of older adults -- well beyond the boomer age ranges of 48 to 66.
If institutional discovery equaled adoption, health technologies would be pervasive. Can you believe it? The New England Health Institute researched chronic disease technologies to watch – and resolved to watch the technologies already under observation, if not broad deployment, for many years. One of the amazing aspects of following an industry over time is to watch the perpetual re-discovery of its newness. The report depicts an industry that is a never-ending sandbox of futures: between research groups deciding to invent their own technologies rather than purchase commercial product and research institutes discovering tech categories like in-home telehealth that been around for years – now, according to NEHI, they may emerge (if policies are changed.) Yes, and if the constituents that might use them agree -- which makes a market.
Evidence undermines the Economist title. Just like the New York Times and New Yorker long articles, when the Economist speaks, it looks weighty and credible. But the Economist’s Squeezing out the Doctor article is mostly about what the writer has just discovered -- which has been the case for years, but without his knowledge. Take this example, which clearly impressed: “Patients are much happier to monitor themselves at home with gadgets bought online than they used to be [really!], and gadget-makers think there is a huge potential for growth in taking the trend further. Philips is trying to crack Japan with emergency-alert devices for the elderly.” Hmm. Philips has marketed this type of product ever since they bought Lifeline 7 years ago. The PERS industry is a 20-year-old market disconnected from MDs that needs a responder to opt for a next step. And it is reimbursement of doctors (or lack thereof) that hampers progress in the overhyped telehealth market, that everything-but-the-kitchen-sink world spanning ‘robotic surgery to patient-to-patient email.’
So internet use is up -- for almost everyone. The latest survey from Pew is out -- and Internet use among the 65+ age segment is up -- more than half of those surveyed say they are online. But that would be the age band from 65 to 75 -- sometimes referred to as the 'young old'. After 75, only 34% are online, and only one in five have home broadband. (As you must know by now, even reading this blog would be an endurance test at dial-up speeds -- and it has no graphics!) For the two-thirds of those aged 76 and beyond that are not online yet -- it seems like a self-fulfilling prophecy. Non-users in previous surveys said that to use the Internet would require training and help to go online. Yet non-users also indicated lack of relevance as a reason not to bother. But if they don't have the training to make it happen, it seems tough to determine if the content found there is relevant or not. Could be anything ranging from a WebMD symptom checker to discounts to health information from NCOA to free online courses offered by MIT. To me, that implies that action is required -- and it is more than the initiative by AARP and the Geek Squad.
Reaching the end of my boomer ‘ain’t we cool’ rope. Rant on. Got one of those ’10 baby boomers inventions that rocked our world’ e-mails today from a party who will remain nameless, but wanted to be credited should I publish it. It felt familiar. Why, it was remarkably similar to a 2010 Reuters reprint of an article: Baby boomer inventions that changed the world which itself was an excerpt from a book by Patrick Kiger. No clue how many articles pre-date that one that noted the Jarvik heart, WWW, the Apple II, DNA, blah, blah, blah. The self-aggrandizement (and marketing promotional opportunity) of boomers and those who wish to make a buck off of them – it's enough to make one gag. And, as they say, I ARE one, and yeah, my business supposedly targets that demographic.
Rounding up from a series of press releases, encounters and other notifications accumulated over the past few months, from the very small firm to the very large, from the very new to the very new release, here are some new technologies and/or services that may be new to you, for use by or in support of older adults. All material is from the vendor published information:
Facebook friends are fine, but devices rule. Yesterday’s Facebook hullabaloo should be placed in a larger context – not only do they not make a physical product, but your Friends beam at you through a gazillion different and ever-more-mobile devices. Forget Facebook for a second, because it might be just today’s pet rock front end. Let’s mull over those gazillion different devices. Just who will support you, regardless of your age and how tech smart you think you are, as they multiply in your environment like weeds? Who helps you with making these devices work properly with other tablets, computers, and cloud and installed software? The Genius at the bar is a bit vendor-specific, don’t you think? And the IT folks that you know are busy battling enterprise-wide viruses, and there you are at home and on the phone, with your relatives of all ages as they peer helplessly at glowing screens, plaintively intoning that old refrain, “But it worked yesterday!”
Perhaps we need a new set of work and life expectations. Doesn't it strike you as interesting that the so-called 'retirement' age (that is when you can receive full Social Security benefits) has been 65 for a long time? It has bumped up just recently -- but then so has average life expectancy. According to data compiled by the Social Security Administration: "A man reaching age 65 today can expect to live, on average, until age 83. A woman turning age 65 today can expect to live, on average, until age 85. And those are just averages. About one out of every four 65-year-olds today will live past age 90, and one out of 10 will live past age 95." The oldest age that SSA considers for initial full eligibility is 67 -- for those born in 1960 or later. Meanwhile, the average anticipated retirement age in the US is, what a surprise, age 67.
Biting the hand that reads you. Your inbox, I bet, is filled with stuff you don’t want, some of which gets trapped into your spam filters and can be made to disappear with a poof. But what if the sender’s software thinks it is smarter than you are at knowing what that is? Lately this has happened more than once and I think it is a bit creepy. Today’s example is LinkedIn, which has monitoring tools to see if you’ve opened the e-mail it has sent you. If you don’t open the e-mail often enough, LinkedIn helpfully offers you the opportunity to reduce the frequency of those digests -- summary of posts from my membership in forty LinkedIn Groups. “Would I like to switch from daily to weekly?” Ya know, if it was really that irritating, maybe I would have switched the settings myself. So I switched the setting back to daily – but LinkedIn will no doubt try to outsmart me.
