Caregiving Tech—The Megatrend With Mega Opportunities: Jody Holtzman, AARP (Digital Health Summit...
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Caregiving Innovation Frontiers: The Trends Jody Holtzman, SVP, Market Innovation CES Digital Health Summit January 7, 2017
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Transcript of Caregiving Tech—The Megatrend With Mega Opportunities: Jody Holtzman, AARP (Digital Health Summit...
Caregiving Innovation Frontiers: The TrendsJody Holtzman, SVP, Market Innovation
CES Digital Health Summit January 7, 2017
Macro Trends
PATIENT/CONSUMER-CENTERED CARE
CONSUMER ENGAGEMENT
FOCUS ON PREVENTION
FROM VOLUME TO VALUE
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Defining Caregiving
Daily Essential Living
Health and SafetyAwareness
CareCoordination
TransitionSupport
SocialWell-being
CaregiverQuality of Life
Six Areas of Opportunity
Daily Essential Living
Health and SafetyAwareness
CareCoordination
TransitionSupport
SocialWell-being
CaregiverQuality of Life
Meals, Home & Personal Care, Home Repair,Delivery, Transportation Services
Health Vitals Alerts, Diet & Nutrition, MedicationManagement, Personal Safety Monitoring, Telehealth
Care Planning, Care Professional Engagement, Records/Benefits Mgt, Recovery Support
Home Retrofit Svcs, LTC Insurance Planning, LTC Provider Referral, Legal Assistance, Hospice Planning
Digital Inclusion, Life Enrichment & Empowerment,Community Networking, Life Companions
Respite and Backup Care, Social Support, Health & Wellness, Financial/Job Security
Strong GrowthRevenue Forecast 2017-2021: $308 billion (up from
$279 billion)
Daily Essential Living
Health and SafetyAwareness
CareCoordination
TransitionSupport
SocialWell-being
CaregiverQuality of Life
Strong Consumer Spend
CONSUMER SPEND (CAREGIVER AND CARE RECIPIENT) IS OVER 80% OF THE $308 BILLION IN CUMULATIVE REVENUE
AVERAGE OUT OF POCKET SPENDING PER CARE RECIPIENT IS FORECAST TO INCREASE 69% 2017-2021 TO OVER $509 PER YEAR
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Ecosystem Growth TOP SHELF VENTURE FIRMS ARE INVESTING IN CAREGIVING
– A16Z, OAK HC/FT, KAPOR CAPITAL, etc
IN TWO YEARS, 3 CAREGIVING STARTUPS ATTRACTED OVER $130 MILLION IN VENTURE INVESTMENT
200 CAREGIVING STARTUPS APPLIED TO INNOVATION50+ LIVEPITCH
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SMART SENSORS, VOICE, AND CONNECTED DEVICES
MOMENTUM IN ON-DEMAND CARE
THE SPREAD OF PLATFORM-AS-A-BUSINESS
REIMBURSEMENT AS A REVENUE MODEL
Opportunity Trends
Put the Consumer at the Center FOCUS ON ASPIRATION, NOT DECLINE
OLD IS ANOTHER 17 YEARS, WHATEVER YOUR AGE
ONE SIZE DOES NOT FIT ALL
ADD ANALOG MODELS TO TECHNOLOGY SOLUTIONS
EVERYONE HAS A SENSE OF DIGNITY
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Six Areas of Opportunity
Daily Essential Living
Health and SafetyAwareness
CareCoordination
TransitionSupport
SocialWell-being
CaregiverQuality of Life
