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Social Determinants

Outlook on Advancing Connected Health for Seniors Report

Health Evolution | April 20, 2018

Key Takeaway: Having discussed the challenges of connected health for seniors, Outlook leaders asked themselves what it would take for senior care to reach a tipping point with connected health. Leaders had varying opinions as to how to define the tipping point, but ultimately agreed that it would be when all four of the following requirements are met.

As 10,000 boomers a day turn 65, telehealth will become an important enabling technology, bringing care into homes and the community, for consumers in need of convenient access to care – seniors. As nearly $5.8 billion in venture capital dollars flowed across the US last year in support of digital health companies such as Outcome Health ($500 million) and Peloton Interactive ($325 million) – marking the biggest funding year to date – health care leaders still face the challenge of getting these technologies to be integrated as one component of an overall system of care which needs to be process driven, comprehensive and designed with the senior at the center. Despite a proliferation of health care technology and a growing demand from senior consumers and their caregivers to age-in-place, senior adoption of connected health remains slow.

To discuss the challenges and opportunities related to connected health for seniors, Health Evolution and Oliver Wyman gathered health care leaders from payer, provider, innovator, and investor organizations for the 2018 Outlook on Advancing Connected Health for Seniors, powered by West Health. Together, the group discussed overcoming two types of challenges related to connected health adoption: senior consumers’ acceptance and industry acceptance. For each, leaders debated how the industry could facilitate adoption and improve seniors’ experiences.

The Outlooks brings together leaders from across the industry to strengthen understanding of the art of the possible and how to create value by connecting with customers in new and different ways. Leaders convene and work together to identify which new technology-enabled models are creating value… and more importantly, what is necessary to drive success at scale going forward.To view the key findings from the 2018 Outlook on Connected Health for Seniors, view our report now.

About the Author

Health Evolution, Staff Writer