Year 2029 will be the high water mark as 14.4 million US citizens will be over age 65. Researchers predict many of these seniors will not have enough money to pay for medical expenses and rent simultaneously. Activities of Daily Living (ADLs) assistance and mobility issues are considered custodial care or non-medical care.
Today’s focus on the Social Determinants of Health lifted the veil on the importance of custodial care and adequate housing for curbing health care costs. An opportunity exists for Medicare and Medicare Advantage plans to address these issues with our full stack technology solution.
Unpaid family caregivers play in our senior care system. Smaller families and advanced age of this cohort in 2029, will make today’s caregiver shortage look insignificant. The USA’s fragmented long-term care and point solutions lacks the comprehensive social safety net that reduces cost and saves lives. New supplemental benefits for the chronically ill and special needs programs attempt to remedy these issues but they need technology and integrated data to be proactive using less costly resources.
Our vision is to enable timely interventions and care coordination that is supported by data and technology for a seamless experience and optimized care delivery across providers and care settings in a wraparound care model. Home and community-based organizations are essential team members, along with traditional medical services, to lower cost and improve a person’s ability to age at home.