The pending silver tsunami of seniors is expected to reach 20% of the US population, 80 million people, by 2050 with a collective market projected to soon be in excess of $300 billion and a need for more direct care givers than we currently have teachers in all K-12 in the US.
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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
Notas do Editor
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.
1. WEINBERG FOUNDATION
3) 2011 AARP Survey: Age in Place: A State Survey of Policies and Practices, Executive Summary Page IX
3) 2011 AARP Survey: Age in Place: A State Survey of Policies and Practices, Executive Summary Page IX
3) 2011 AARP Survey: Age in Place: A State Survey of Policies and Practices, Executive Summary Page IX
3) 2011 AARP Survey: Age in Place: A State Survey of Policies and Practices, Executive Summary Page IX
3) 2011 AARP Survey: Age in Place: A State Survey of Policies and Practices, Executive Summary Page IX
3) 2011 AARP Survey: Age in Place: A State Survey of Policies and Practices, Executive Summary Page IX