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Ricky Yean's List: Elderly Care Research

    • The responses of governments have included initiatives to extend productive working lives and promote self-funded retirement; to promote healthy, active aging; and to encourage more care to be delivered in home and community settings. Technology will be a major enabler of these strategies.
    • Innovation will provide greater independence and better access to care in their own homes for the elderly, sufferers of chronic illness, and persons with disability and reduce the incidence of hospital admissions and the length of stay when admissions do occur. Technologies will support families and professional caregivers and are expected to reduce costs.

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    • Some apartments are equipped with a monitoring system, known as QuietCare, comprised of lipstick-sized sensors strategically placed around an individual's home to detect potential health problems. "The client decides where they want those placed," Bakkenist says. "[It] could be a refrigerator, could be a bathroom, could be the kitchen."
    • The sensors detect heat and motion. Once a baseline of normal behavior is established, any deviations are analyzed and sent remotely to designated computer screens. "And again," Bakkenist says, "the client decides who gets access to the readout of the information."

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    • A senior parent wants to live in his own home, maintaining his independence, but he has trouble bathing, fixing meals and remembering to take his medications
    • And with health-care costs rising by the moment, hospitals are discharging patients earlier than ever, sending them home too ill or too weak to fend for themselves.
    • By automatically detecting speech patterns of the elderly, the technology automatically boosts incoming and outgoing audio while simplifying menu structure and increasing font size. 
    • Enurgi has taken its cue from social networks by creating a service network that connects caregivers with patients and facilitates their business transactions online.
    • The site is premised on the notion that it is currently too difficult for the elderly and disabled to find professionals to care for them (or clinicians to find clients who can benefit from their particular skills).

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    • Revenues for elder care services in the US are expected to increase 6.6 percent per year to $26.4 billion in 2011.
    • Growth will also stem from the rising cost of providing care on a per capita basis.

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    • Over 3.4 million seniors to be   using these devices by 2012
    • A new projection says   that by 2012 more than 3.4 million senior citizens in the U.S. will be   using networked sensor applications to monitor and improve their health.

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    • It has been stated that “Smart home technology will be helpful only if it is tailored to meet the individual needs of each patient” (Cheek 2005). This currently creates a problem because many of the interfaces designed for home automation “are not designed to take functional limitations, associated with age, into consideration” (Cheek 2005). Another problem that has been presented involves making the system user-friendly for the elderly who often have difficult operating electronic devices. The cost of the systems has also present a challenge, because although the systems would be cheaper than the costs of a long-term health care facility, the U.S. government currently provides no assistance to seniors who choose to install these systems (in some countries as Spain the Dependency Law includes this assistance).
    • The U.S.'s senior and baby boomer populations are not currently receptive to in-home health monitoring, according to Parks Associates' Delivering Quality Healthcare to the Digital Home, which reports that two-thirds from both populations see little to no value in these services.
    • Of the one-fifth who find the service valuable, 60% would still not spend extra money, either out-of-pocket or in higher healthcare premiums, for in-home health monitoring. Only 20% would accept a moderate increase in health insurance premiums, and another 16-20% would be willing to pay out-of-pocket for it.

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    • Instead of presenting basic risk-stratified "exceptions"   or "alerts" for nurse management based on experience,   Cardiocom nurses follow a structured, stepwise process of rules-based   clinical triage.
    • The OMNIVISOR™ patient management system enables clinical   staff to manage patients "by exception".
    • AGIS makes money from advertising, partnerships, and sponsorships.
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      AGIS Network facilitates the exchange of eldercare information, solutions, and services to help individuals, employers, agencies, and service providers meet eldercare challenges. Since 1998, AGIS Network (formerly AssistGuide) has been providing technology-driven resources for the aging and disability communities.

    • The advertisers on Eons include Humana health care insurance, Fidelity Investments and the pharmacy chain CVS. Lee Goss, president and chief operating officer of Eons Inc., which received backing from the venture capital firms Sequoia Capital and General Catalyst, said that the sites aimed at an older audience may not grow as quickly as MySpace, but could have longevity.
    • Virtual operators are projected to have approximately 150 million subscribers by 2012, which would translate into nearly $30 billion in services revenue, according to Pyramid Research, which notes in a recent report that the global MVNO subscriber base grew by 24 percent last year to 84 million users.
    • Growth also is forecast in a 2006 report from Ovum, which predicts MVNO customer share of all wireless customers is expected to increase to 9.9 percent by 2009, with revenues expected to reach $8.8 billion by then.
    • Today, baby boomers make up the Web's largest constituency, accounting for fully one-third of the 195.3 million Web users in the U.S., according to JupiterResearch. They also spend more money on online shopping than your average Web user. Advertisers understand that, and targeted boomers with close to $5 billion in ads last year, according to Jupiter, out of a total $13 billion spent in Web advertising. 
    • Eons.com is part of that, and so is the all-powerful AARP, which plans to add MySpace.com-like features to its Web site in the first quarter of 2007, says Hugh Delehanty, editor-in-chief of AARP publications. The site will let people create their own home pages and form interest groups, focused on hobbies like gardening or taking care of elderly parents.

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    • The first of the baby boomers turns 60 this year. And that means some 78 million people, born between 1946 and 1964 present a $480 billion industry for entrepreneurs to profit from by developing new products and services targeted to them.
    • Eighteen percent of people 55 and over are online, Rashtchy said, as are 20 percent of 45-to-54-year-olds. Boomers are the largest group at 38 percent.
    • June 19, 2007) - Posit Science Corporation, the brain health and fitness company, announced that it has turned a profit and plans to share the wealth through a new foundation.
    • Posit Science became profitable in January, just 18 months after introducing its first program, and has remained profitable since then.
    • And based on this knowledge, Americans have begun to generate another industry: the brain fitness industry. It is already worth $225 million in the US and growing fast.
    • The brain fitness industry is already worth $225 million in the US and growing very fast
       
        The first brain fitness company was Scientific Learning, set up in 1999. Now there are around 20 such companies in the world

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    • Going forward, Eons will focus on the community-building and social-networking aspects of the site, found mainly in its people section, which among other things hosts a collection of blogs and user groups dedicated to topics like games, romance, health, and investing. While Eons as a whole has been struggling, “The community is thriving,” our source says.
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