‘It’s difficult to stay removed,’ she says. ‘All it takes is one fall in your home and no one discovering you to change your mind.’
PORT SAINT LUCIE, Fla. – Earlier this year, Laurie Orlov, founder of Aging in Place Technology Watch, produced a market report that stated remote patient monitoring was not advancing as quickly as other home health technologies. As the market continues to grow and change, we asked Orlov recently if her observation still holds true.
HHTN: Has the market for remote patient monitoring rebounded?
Orlov: A number of things have happened this year that is changing the landscape. First, penalties for readmissions went up and they will increase again in the coming months. Second, incentives like cost savings have become evident. The government wasn’t interested enough, and penalties weren’t high enough—that seems to be changing. We’re beginning to see reimbursement and remote consultations.
HHTN: What does the future look like for aging in place?
Orlov: Aging in place is one of those forward-momentum things, and we’ve had a very building-centric view of health care up to now. The home care industry is booming and the tech-enabled homecare industry is booming. We’re seeing alternatives to assisted living facilities like virtual assisted living, where you will never move in to a facility, but the skill set will be nearby for a fee. Things are changing fast.
HHTN: You believe seniors today are still resistant to the Internet and to using much of today’s technology. Do you think it’s possible to stay “disconnected” for very long in today’s environment?
Orlov: No, not for very long. It’s difficult to stay removed. All it takes is one fall in your home and no one discovering you to change your mind. There are all kinds of technologies out there to help you, but you have to want them.