Market Opportunities in Caregiving Tech

•

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- Caregiving is a major challenge that goes beyond just managing health issues, and digital platforms can help disrupt and augment traditional caregiving businesses that assist caregivers. - There are various sectors of the caregiving and long-term care industry at different stages of development, including care task management, independent living solutions, and post-discharge planning being early-stage, while care assessment/evaluation and long-term care planning are more mature. - The average caregiver is a 54-year-old female who spends 22 hours a week caregiving and feels high levels of stress and financial burden, with many not feeling they have a choice in taking on the responsibility.

Technology

Sanjay Khurana
Rock Health Innovation Summit
August 22
CAREGIVING

BIGGEST CONCERNS ABOUT LIFE IN OLD AGE
Source: Nielsen Global Survey About Aging, Q3 2013

Caregiving is a larger challenge than just managing health
– digital platforms can play a role in disrupting and
augmenting traditional business that assist caregivers

Care
Evaluation &
Discrete
Assistance
Care Task
Management
Independent Living
Care Coordination
& Discharge
Planning
Long Term Care
Planning
Caregiver
Marketplace

Independent
Living
Care Task
Management
Care
Evaluation &
Evaluation
Discrete Care
Assistance
Long Term
Care
Planning
Caregiver
Marketplace
Care
Coordination
& Discharge
Planning
CAREGIVING & LONG
TERM CARE
SOLUTIONS
Apps that manage care tasks such as
family
calendar/notifucation/reminders
(Evernote, CareZone, CareMerge,
Healthy Circles. PHRs)
Apps/services to help ensure care
recipient safety at home/
independent living solutions (Philips
LifeLine, Independa, BeClose, Lively)
Care assessment and evaluation
tools & services (Angie’s list,
Healthgrades, the Senior’s list,
CarePathways, Yelp, etc)
Access to individual care
workers with vetting
components (Care.com,
CareLinx, open placement, etc)
Access to discreet care needs
such as transportation, grocery
shopping, home logistics/chore
bartering (Uber, taskrabbit)
Education, information for
planning tools for Planning and
Paying for LTC (legalzoom,
Dignity, Everplans, MyDirectives
Health Coordination/Post
Discharge planning (NaviHealth,
ILS Health Services, getwell
network)

The markets for care task
management tools, independent
living solutions and post-discharge
planning/transition solutions are
still in their early development
stage with no dominant market
leaders
Caregiver marketplace and discrete
care assistance service sectors are
experiencing the most disruption
right now, thanks to startups that
shake up these sectors with new
technologies and business models
The sectors for care assessment and
evaluation and LTC planning are
more mature and stable, but they
are also fragmented due to low
entry barriers

The Caregiver
25%
55%
20%
45-49 50-59 60+
51%49%81% Female
19% male
54
Is the
average
age
1/2
feel they have no
choice in taking on
caregiving
responsibility
4.6yrs
Average Length of Time
Caregiving
22hrs Time spent caregiving / week
51% Experience high levels of stress
28% Feel financial burdened
37%
receive additional unpaid help
mostly from immediate family
This study focuses on caregivers who experience at least some burden  this group represents 21% of Americans age 45-65

2 in 3
Care recipients
are female
71
Is the
average
age
11%
26%
21%
42%
18-49 50-69 70-79 80+
55
49
42
33
23
Mobility issues
Old age
Forgetfulness
Arthritis
Mental/emotional
illness, depression
Top Issues
Care
Recipients
are Facing
53% are parents/in-laws
16% are spouses
45
16
10 8 7 4 3 3 2 2 1 1
5
Care Recipient
Relationship with Caregiver

Caregivers’ emotions …
Photo: © Nielson Research
• They value the time spent in building
memories
• Are Indifferent/unaware of designation
“Caregiver”. Selflessness trumps title, though
legitimatizes the sacrifices to self and career
• Feel an increased financial burden and time
commitment to an already existing busy
career/family life
• Fear of being ill-equipped on “how to
knowledge” to deal with matters of care
• Experienced effects of ignoring oneself;
prioritizing others needs over own
• Protective instinct drives desire to not
compromise on safety & security
• Keeping loved ones entertained/engaged a
key priority
From recent ethnography study on online immersion program

Information, tools and tips for caregivers
Caregiving Resource Center
http://www.aarp.org/home-family/caregiving/

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Join our latest Connector Corner webinar to discover how UiPath Integration Service revolutionizes API-centric automation in a 'Quote to Cash' process—and how that automation empowers businesses to accelerate revenue generation. A comprehensive demo will explore connecting systems, GenAI, and people, through powerful pre-built connectors designed to speed process cycle times. Speakers: James Dickson, Senior Software Engineer Charlie Greenberg, Host, Product Marketing Manager

Connector Corner: Accelerate revenue generation using UiPath API-centric busi...

DianaGray10

In the thrilling conclusion to 2023, ransomware groups had a banner year, really outdoing themselves in the "make everyone's life miserable" department. LockBit 3.0 took gold in the hacking olympics, followed by the plucky upstarts Clop and ALPHV/BlackCat. Apparently, 48% of organizations were feeling left out and decided to get in on the cyber attack action. Business services won the "most likely to get digitally mugged" award, with education and retail nipping at their heels. Hackers expanded their repertoire beyond boring old encryption to the much more exciting world of extortion. The US, UK and Canada took top honors in the "countries most likely to pay up" category. Bitcoins were the currency of choice for discerning hackers, because who doesn't love untraceable money?

Ransomware_Q4_2023. The report. [EN].pdf

Overkill Security

Webinar Recording: https://www.panagenda.com/webinars/why-teams-call-analytics-is-critical-to-your-entire-business Nothing is as frustrating and noticeable as being in an important call and being unable to see or hear the other person. Not surprising then, that issues with Teams calls are among the most common problems users call their helpdesk for. Having in depth insight into everything relevant going on at the user’s device, local network, ISP and Microsoft itself during the call is crucial for good Microsoft Teams Call quality support. To ensure a quick and adequate solution and to ensure your users get the most out of their Microsoft 365. But did you know that ‘bad calls’ are also an excellent indicator of other problems arising? Precisely because it is so noticeable!? Like the canary in the mine, bad calls can be early indicators of problems. Problems that might otherwise not have been noticed for a while but can have a big impact on productivity and satisfaction. Join this session by Christoph Adler to learn how true Microsoft Teams call quality analytics helped other organizations troubleshoot bad calls and identify and fix problems that impacted Teams calls or the use of Microsoft365 in general. See what it can do to keep your users happy and productive! In this session we will cover - Why CQD data alone is not enough to troubleshoot call problems - The importance of attributing call problems to the right call participant - What call quality analytics can do to help you quickly find, fix-, and prevent problems - Why having retrospective detailed insights matters - Real life examples of how others have used Microsoft Teams call quality monitoring to problem shoot problems with their ISP, network, device health and more.

Why Teams call analytics are critical to your entire business

panagenda

Artificial Intelligence Chap.5 : Uncertainty

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Polkadot JAM Slides - Token2049 - By Dr. Gavin Wood

Juan lago vázquez

Strategies for Landing an Oracle DBA Job as a Fresher

Remote DBA Services

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