When we think of the cutting edge of technology, 20-somethings playing with the latest gadgets often come to mind, but many venture capitalists have another demographic in mind. The United States is an aging nation, and individuals are looking for ways to stay healthy and age in place. Several startups and major electronics companies have already begun to develop and distribute technology, and there are opportunities to help the industry expand further.
Mayo Clinic Ventures – the investment arm of the prestigious research hospital – is putting more of its eggs in technology designed to improve the lives of older adults.
"The regulatory pathway is uncertain, reimbursements are getting scary and ROI is starting to come back, but it's challenging," James Rogers, chair of Mayo Clinic Ventures, said during a session at the MidAmerica Healthcare Venture Forum in Chicago, as reported by Senior Housing News. "There are opportunities in this current environment, but you have to be thinking ahead."
To date, Mayo Clinic ventures has invested $100 million in various technological devices and software solutions. The organization has not disclosed how much of that money has been put into eldercare technology.
While technology targeted toward older adults may be a cash generator for venture capitalists, it can be a money saver for managed care programs. When care providers can monitor care recipients remotely, they may be able to identify and deal with health issues before they escalate.
Independa's solutions provide a simple but productive approach to remote caregiving. Our television technology is easy to use and ensures clear communication between the caregiver and the care recipient. Contact us through our online form to schedule a demonstration.
