West Coast Pitch Winners
This month’s Boomer Venture Summit attracted twice as many start-up applications as last year’s.
BaroStitch won the $10,000 cash prize for early-stage startups. BaroStitch developed a medical device that can help heal arteries after heart surgeries that are common among seniors (no website link).
Finalists included a shoe that frail seniors can step into (without bending over to velcro or tie laces) presented by Quikks.
For the first time, the International Association of Gerontology and Geriatrics congress had a pitch competition.
Kinesis Technologies prevents falls by using predictive analytics. Kinesis won the IAGG pitch competition.
“Rosie” looks like a digital alarm clock, but it reminds people about their daily routines – a memory loss device:
Rosie is the patient-facing hardware in an ecosystem that includes the family caregiver and the healthcare provider. This system is called Circura. Both are from LifeAssist Technologies, winners of the IAGG “people’s choice” award.
A geriatrician at the University of California-San Francisco, created prepareforyourcare.org, which provides step-by-step instructions and video stories to help people navigate the care they want at the end of their lives. Kaiser Health News
Japan Redefines ‘Elderly’
Japan’s leading geriatric groups recommend
- people aged 65-74 be classified as “pre-old age”
- those aged 75 or above be put in the “old age” category
- people past their 90th birthday being described as “super-old”
The global mega-trends of population aging are:
- The Alzheimer’s pandemic
- Rising age requirements for government pensions
- Use of robots and technology for caregiving
- Global spread of private in-home healthcare agencies
- Emphasis on community and individual wellness and prevention in aging
- Innovative startups now focusing on “aging tech”
- Aging as a global topic of attention and media coverage. HuffPost
Long-Term Care At Home Without Busting The Bank
“People think, ‘While I might start out needing care at home, eventually I’ll need to be in a facility.’ But that’s not something we see in our data. For the most part, people are able to stay at home for the whole time.” Kaiser Health News
Home Health Market Saturation By State
CMS reveals the number of home health providers and fee-for-service Medicare beneficiaries in each state. States with the most home health care providers include: Texas, California, Florida, Illinois, Michigan and Ohio. Home Health Care News
Real Estate, Senior Living
Top U.S. Cities for Independent Living Rent Growth
Rents for independent living communities are growing in the South and Northwest, while stagnating or even falling elsewhere. Senior Housing News
No Transparency: Assisted Living Sticker Shock
While real estate companies like Redfin and Zillow compile real estate listings and prices for home-buyers, a similar search function is lacking for assisted living options, creating a disparity—and sticker shock— between the price they expect to pay versus its actual cost. Senior Housing News