Aging in place is a business opportunity as much as it is a personal strategy. The apparent enthusiasm for aging in place has fueled interest among home builders. Consumer aging in place desires provide work for home remodelers, adding features that make a home more accessible as people age. But for older adults, the motivation for aging in place is also an economic necessity. The monthly cost of moving into senior housing, above $5500 nationwide, is out of the reach of most people. Remaining in a home and planning modest remodeling modifications will be the approach for most who want to stay.
Asking ChatGPT a question on an iPhone returns a detailed answer. Of course, it’s slightly different when asked again. The question: “What devices are useful for monitoring older adults in their home?” The categories (and sub-categories) were not surprising – you can give it a try yourself. They included medical alerts, smart home devices, cameras and video monitoring, remote health monitoring fall detection sensors, GPS tracking devices, medication management, environmental monitoring. On the iPhone, adding companion robots – and an observation: “These devices, especially when used together, can create a safer and more supportive environment for older adults living independently.”
Carewell is on a mission to provide family caregivers with tools and resources to care for their loved ones. The online retailer also just announced a Series B fund raise, recently relocated its headquarters from Charlotte to Miami and hired a handful of executives hailing from South Florida’s most well-known online retailer, Chewy.
The 2024 Market Overview of Technology for Aging will be published during CES 2024. As part of that update, it is worth considering changes that occurred in the past year that matter to older adults and families. Caregiving and other demands of an aging population gained significant government attention and new initiatives during 2023. While some of the actions below will require further funding action from Congress, all of these represent forward momentum for long-needed changes. It is likely that technology enablement and access will be components of each of the initiatives as they evolve. Categories include:
Setting the stage for The Future of Care Work research. Did you know that the number of workers per social security beneficiaries continues to shrink? That two-thirds of doctors and nurses are experiencing moderate or a great deal of burnout at work. That over 85% of US adults suffer from one chronic illness. That 33% of those aged 85+ have Alzheimer’s or dementia? These points and more are the backdrop for the upcoming November report, The Future of AI and Care Work. Meanwhile, here are five points from September, 2023.
MINNEAPOLIS, Sept. 27, 2023 /PRNewswire/ -- Nomo International, Inc. announces the first-of-its-kind smart technology for the millions of people providing personal care to family members, especially those facing health challenges. Now live on Walmart.com, Nomo Smart Care is designed for seniors who want to live at home while maintaining their independence, and for their family members who worry about their daily well-being. Nomo Smart Care's proprietary smart technology products connect families and friends through an app with their loved ones in need.
Asking ChatGPT a question on an iPhone returns a detailed answer. Of course, it’s slightly different when asked again. The question: “What devices are useful for monitoring older adults in their home?” The categories (and sub-categories) were not surprising – you can give it a try yourself. They included medical alerts, smart home devices, cameras and video monitoring, remote health monitoring fall detection sensors, GPS tracking devices, medication management, environmental monitoring. On the iPhone, adding companion robots – and an observation: “These devices, especially when used together, can create a safer and more supportive environment for older adults living independently.”
Setting the stage for The Future of Care Work research. Did you know that the number of 