Watch this interesting session from the recent Silvers Summit where Halle Tecco, Founder and CEO of RockHealth (a startup funding source for healthcare entrepreneurs) and Rick Valencia, VP and GM at Qualcomm, talk about the power of technology to transform the elder care space.
Although they are clearly experts, it is surprising that Halle and Rick fail to distinguish between how informal (and formal) supports interact with frail, as opposed to, healthy older adults. Simply noting that 10,000 baby boomers become age 65 every day merely communicates the size of the market, but not where the opportunities are to transform how aging is addressed. What happens at the inflection point when an older adult crosses the boundary between independent and requiring assistance/monitoring is more salient. Sadly, this nuance is often overlooked and so the market is overwhelmed with solutions looking for problems with no deep understanding of how elders and those who care for them access support.
The Silvers Summit as self-described on its website: "looks at the technologies and services that are resonating with an older population. We’ll provide guidance, expertise and a community to support new innovative ideas for the creation of high tech boomer and beyond lifestyle." Well, ok then.
After watching a few of the videos featured on the Silvers Summit website, I can't help but wonder about the dearth of living labs in the elder care space in North America. Learn more on Twitter @aginginchicago.