Recent emerging businesses are paving the way for innovative senior care solutions. These endeavours, focusing mainly on palliative care and healthcare strain reduction, utilise advanced technologies and eldercare-friendly tools to alleviate the burden posed by an aging population, and relieve pressure on the healthcare system. Healthcare professionals play a key role in this journey, working closely with the businesses to ensure safe and effective new solutions.
Tuesday Health, a rising star in this field, recently obtained a significant $60M funding which has allowed them to expand their palliative care services. Their collaboration with different stakeholders has ensured a smooth transition for patients from Medicare, Medicaid, or commercial insurance arrangements to hospice care.
With an increasing number of aging Americans suffering from severe health conditions, there is an urgent demand for more geriatrics practitioners. This deficit strains the healthcare infrastructure, potentially leading to mismanagement of elder health crises and underscoring the importance of attracting, training, and retaining specialised health professionals in this field.
Various startups are opting to invest in empathetic elder care, greatly easing the pressure on the wider healthcare system.
Integrating technology in advanced senior care
Gather Health and Homecare Hub have raised significant funds to focus on initiatives such as alleviating elder loneliness and creating innovative Airbnb-style nursing home accommodations. Their vision is to promote health, improve quality of life, and enhance social interaction among senior citizens.
In contrast to traditional doctor’s offices, older adults are increasingly preferring walk-in clinics for their healthcare needs. Recognising this trend, companies like supermarket chain Kroger and Better Health Group are setting up clinics specifically catering to senior citizens, illustrating the changing landscape where flexibility and convenience are key.
As our population continues to age, the healthcare industry faces the challenge of evolving swiftly to prevent health crises. The rise in awareness has spurred startups to develop novel elder care solutions, signifying a promising shift towards more patient-oriented healthcare. The incorporation of advanced technologies like healthcare apps, remote monitoring and telemedicine has made healthcare more accessible for the elderly population.
This push towards comprehensive and personalised care echoes the values of dignity and respect for the elderly. As investment in the healthcare sector grows, so too does our future potential for not just prolonging life but for enhancing the quality of living, particularly for our aging population.
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