Silver Economy

  • By r granot
  • 19 Oct, 2017

The global spending power of those aged 60+ 

Population ageing is one of the most significant socio-economic challenges currently facing the EU. The European Commission's 2015 Ageing Report forecasts that the EU will move from having four working-age (15-64) people for every person aged over 65 years in 2013, to just two by 2060. The growing number of older people is generally perceived as a problem, given that the annual government expenditure on older people, currently amounting to nearly 20% of GDP in the EU (Ageing Report, 2015, European Commission), is forecast to rise by 1.8 % by 2060, while a shortage of up to 2 million health workers in the EU is predicted by 2020. However, this very same demographic trend, if appropriately harnessed, may be a source of outstanding opportunities. Indeed, Euromonitor estimates that the global spending power of those aged 60+ will reach US$ 15 trillion by 2020.

What are the opportunities assuming these forecast is correct for us as entrepreneurs aiming to help Aging Well at Place?
By r granot 09 Nov, 2017
כוח העזר המטפל באנשים עם מוגבלויות

מצגת
סרטון 1
סרטון 2
By r granot 05 Nov, 2017

This discussion relates to the very long run assuming that some functions like Radiology may be better performed by intelligent machines.

My comment for discussion in this Blog relates to the immediate term, when in my opinion AI based algorithms using one patient's data can focus attention on those who need medical intervention, even if they do not line up. The problem is in special important when elder adults do not complain as being afraid of relocation until their frailty symptoms or elderly diseases are clearly observable. Than it is too late to prevent and treatment is so costly that it is a burden on State Economy.

From the article:

Much discussion and debate surround the topic of physicians and the use of artificial intelligence. The notion that AI could ever fully replace a doctor is not a completely absurd one — there are many jobs, including white-collar professions, that eventually will be replaced by automation and various levels of machine-learning technology.

Certainly, from a pragmatic perspective, it is interesting to consider the possibility of a physician who never needs to eat, never tires, can read thousands of pages of new research every day, can record and remember every experience and can even communicate in multiple languages.

But can a machine provide better patient care?

Fallacy: Empathy Is Not Necessary 


Some radiologists may indeed lose their jobs.

Fallacy: T ech Will Take Over Tumor Treatment

Yes, cancer detection and treatment represent another area in which machine learning is progressing rapidly. IBM  Watson, for instance, uses cognitive computing AI technology to recommend cancer treatments in rural areas of the United States, India and China, which suffer from shortages of trained professionals; however, those tools and services should be viewed as supplementary to a physician’s repertoire, not a replacement for it.


By r granot 28 Oct, 2017
Connected Health Conference 2017 took place on October 25-27 in Boston. As wearables are gaining traction among consumers, so naturally, the topic was the primary discussion point of a panel at this industry leading conference.

Though the technology is increasing in popularity, what can clinicians actually gain from the data the devices collect?

Not all that much , posited Richard Milani, a physician and the chief clinical transformation officer at Ochsner Health System. He noted that most of the information from wearables isn’t extremely valuable. Activity, steps and sleep data are nice, but they’re not worthwhile to providers.

“Currently, the data is quite limited in terms of what we collect from wearables,” Milani said. “Wearables are an important component of our future, but what we seek is information.”

Yet James Mault , another physician and CMO of Qualcomm Life, said wearable data is useful because gives providers a glimpse into what happens to the patient after he or she leaves the hospital, particularly following a surgery. Previously, a patient’s post-hospital activity was essentially a black hole in that the physician had no clue what the patient was doing. "Now we have a wearable device that has the ability to collect very simple pieces of information,” he said. “Well, guess what? That simple information is way more than what I’ve got right now, ‘cuz I’ve got jack nothing.”

But there’s not buy-in from every physician. One major challenge standing in the way is convincing providers that the data is accurate and reliable.

Consumer engagement poses another problem. Some patients lose interest in wearables , which prevents the provider from gaining access to long-term patterns in their behavior.

But perhaps the biggest issue surrounds the separation between the wearable information and the physician’s workflow. Data from wearables sits in one world, while the episodic care model of the clinical environment is another world. “Those two worlds don’t map very well,” said Drew Schiller, CEO and cofounder of Validic. “It’s a big challenge. You have to … be able to deliver the right data at the right time and show the information in front of the clinician inside the clinical workflow and then interface with the data.”

By r granot 21 Oct, 2017
I definitely agree with the following introduction to the article " T elecare: Technology For Aging In Place - A state-of-the-art web-based system allows you to dial up the level of elder care monitoring for safety and peace of mind."  by Julie Davis:

"Aging in place is the hope of virtually every senior, and the source of worry for many of their adult children. Seniors might be fully functional for a long period of time and then, almost imperceptibly, they might start needing a little help with their activities of daily living, whether it’s remembering to take their medicine or answering the phone when you’re calling to see if they’re OK."
By r granot 19 Oct, 2017
Population ageing is one of the most significant socio-economic challenges currently facing the EU. The European Commission's 2015 Ageing Report forecasts that the EU will move from having four working-age (15-64) people for every person aged over 65 years in 2013, to just two by 2060. The growing number of older people is generally perceived as a problem, given that the annual government expenditure on older people, currently amounting to nearly 20% of GDP in the EU (Ageing Report, 2015, European Commission), is forecast to rise by 1.8 % by 2060, while a shortage of up to 2 million health workers in the EU is predicted by 2020. However, this very same demographic trend, if appropriately harnessed, may be a source of outstanding opportunities. Indeed, Euromonitor estimates that the global spending power of those aged 60+ will reach US$ 15 trillion by 2020.

What are the opportunities assuming these forecast is correct for us as entrepreneurs aiming to help Aging Well at Place?
By r granot 14 Oct, 2017
I expect this Blog to be a place for discussing elder care requirements and related technological solutions.
Share by: