Connected the fragments of the Aging in Place Ecosystem
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The document discusses the challenges and opportunities of aging in place, focusing on the increasing number of Americans requiring long-term care and the fragmented ecosystem supporting this demographic. It highlights the need for innovation in technology, services, and policy to enhance care and support for elderly individuals wishing to remain in their homes. The report emphasizes the importance of designing systems that integrate various aspects such as education, infrastructure, and financial planning to effectively address the aging population's needs.
Connected the fragments of the Aging in Place Ecosystem
- 1. Vision Center for Aging In Place Research Business Models, Systems, Platforms Innovation + Entrepreneurship Thought Leadership New Academic Programing
- 2. OPPORTUNITY VISION COMPONENTS RESOURCES CHANGING US DEMOGRAPHICS LONG TERM CARE 12 million (2010) - 27 million in 2050 (projected Americans who need long-term care) (1) MCGOWAN > AGING IN PLACE FRAGMENTED ECOSYSTEM
- 3. OPPORTUNITY VISION COMPONENTS RESOURCES NEW NORMAL: SILVER TSUNAMI IS NOT A ROGUE WAVE BUT A NEW HIGH TIDE DIRECT CARE 3.2 million (2012) - 5 million in 2020 (projected direct care workers needed, More than all K-12 teachers) (2) MCGOWAN > AGING IN PLACE FRAGMENTED ECOSYSTEM
- 4. OPPORTUNITY VISION COMPONENTS RESOURCES MEDICARE + MEDICAID SPENDING $7,787 (55-64) TO $25,691 (85+) ($250 Billion Annually) MEDICARE SPENDING PER CAPITA (AGE) MCGOWAN > AGING IN PLACE FRAGMENTED ECOSYSTEM
- 5. OPPORTUNITY VISION COMPONENTS RESOURCES FRAGMENTS OF AGING IN PLACE 90% surveyed 65 + wish to stay in their home even when they need assistance AARP AGE IN PLACE SURVEY 2011 (ADA) requires any building built after 1992 to be “readily accessible to and usable by” those with disabilities, it does not apply to private housing MET LIFE AGE 2.0 REPORT 2011 “..infrastructure, technologies, existing housing, funding sources, and the businesses and services available for Aging in Place are not being fully realized.” MET LIFE AGE 2.0 REPORT 2011 $2 Billion (2012) to $20 Billion (2020)- Aging in Place Technology Market Size AGING IN PLACE TECHNOLOGY WATCH REPORT MCGOWAN > AGING IN PLACE FRAGMENTED ECOSYSTEM
- 6. OPPORTUNITY VISION COMPONENTS RESOURCES COMPONENTS OF AGING IN PLACE PRODUCTS Assistive Monitoring Predictive PEOPLE PLACE Direct Care Assessment- Support Alterations Services Enabling Infrastructure PAY + POLICY Insurance PACE Medicare/Medicaid Financial Planning MCGOWAN > AGING IN PLACE FRAGMENTED ECOSYSTEM
- 7. OPPORTUNITY VISION COMPONENTS RESOURCES COMPONENTS OF AGING IN PLACE EDUCATION INNOVATION LAB Establish Care Standard Develop New Products/ PRODUCTS (LPN) For Aging Care Technologies For Aging In Assistive Providers Monitoring Place Predictive Certify Products PEOPLE PLACE Direct Care Assessment- Support Alterations Services EDUCATION Establish Standard PAY + POLICY For Retrofitting Homes Insurance (Ada). Certify PACE Medicare/Medicaid Financial Planning ACADEMIC Professionals Research/Policy MCGOWAN > AGING IN PLACE FRAGMENTED ECOSYSTEM
- 8. OPPORTUNITY VISION COMPONENTS RESOURCES COMPONENTS OF AGING IN PLACE INNOVATION LAB Industrial Design Engineering PRODUCTS EDUCATION Human Factors Assistive Nursing Gerontology Monitoring Gerontology Predictive Ethnography Human Factors Computer Science PEOPLE PLACE Direct Care Assessment- Support Alterations Services EDUCATION Architecture PAY + POLICY Interior Architecture Insurance ACADEMIC Construction Management PACE Medicare/Medicaid Finance Financial Planning Industrial Design Health Care Economics Public Policy MCGOWAN > AGING IN PLACE FRAGMENTED ECOSYSTEM
- 9. OPPORTUNITY VISION COMPONENTS RESOURCES IMPORTANCE OF INTERSISTIALS How do we train direct care How does the built workers to interface with the environment structure and the products and systems that will emerging products and PRODUCTS augment their care and extend systems enable Assistive Devices senior social networks? safe, happy, healthy, independ Monitoring- Technology ent living? PEOPLE PLACE Direct Care Assessment- Support Alterations Services PAY + POLICY How do we realistic expand Insurance Funding new housing? PACE Medicare/Medicaid Cash + Carry Programs? How Financing retrofits? Financial Planning does PACE scale? Other new housing models? MCGOWAN > AGING IN PLACE FRAGMENTED ECOSYSTEM
- 10. OPPORTUNITY VISION COMPONENTS RESOURCES FRAMING- FINDING FITS AND GAPS IN FRAGMENTED OFFERINGS Mobility + Monitoring + Mind Communication + Caregiver Transfer Care Compliance Engagement Support PLACE Structure Infrastructure PRODUCTS Assistive Devices Monitoring PEOPLE Caregiver Infrastructure Family PAY- POLICY Financial Planning Insurance Private Pay MCGOWAN > AGING IN PLACE FRAGMENTED ECOSYSTEM
Editor's Notes
- #3: 1. Kaye H, Harrington C, LaPlante M. Long-Term Care: Who Gets It, Who Provides It, Who Pays,And How Much? Health Affairs. January 2010 2010; 29(1):11-21.
- #4: 1. WEINBERG FOUNDATION
- #6: 3) 2011 AARP Survey: Age in Place: A State Survey of Policies and Practices, Executive Summary Page IX
- #7: 3) 2011 AARP Survey: Age in Place: A State Survey of Policies and Practices, Executive Summary Page IX
- #8: 3) 2011 AARP Survey: Age in Place: A State Survey of Policies and Practices, Executive Summary Page IX
- #9: 3) 2011 AARP Survey: Age in Place: A State Survey of Policies and Practices, Executive Summary Page IX
- #10: 3) 2011 AARP Survey: Age in Place: A State Survey of Policies and Practices, Executive Summary Page IX
- #11: 3) 2011 AARP Survey: Age in Place: A State Survey of Policies and Practices, Executive Summary Page IX