technology driven changes in senior living pacah fall … driven changes in... · 2018. 9. 18. ·...
TRANSCRIPT
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Technology Driven Changes in Senior Living
PACAH FALL CONFERENCE 2018
Ravi Bala
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Session Objectives
• Discuss how technology will impact the level of care and type of services available to seniors in the future.
• Understand the strategic business models that could be induced or disrupted by technology in the next decade.
• Examine ways to leverage technology to improve current operations and plan for future market realities.
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Future…
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The Future is already here – it is just not evenly distributed.
William Gibson
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Topics to Discuss
•What does the future look like?•What are the major pitfalls that you need to watch out for? / Consequences.
•How do we plan to minimize risk?• Examples of Short term checklist implementation vs a foundation to change resident experience
•Cost justification - ROI model (Offline)
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LIFESPAN MEGATREND
•Life Expectancy increased 3 yrs. for every Decade!
• Avg now is about 79 yrs.• By 2030 it should be 85 yrs.• Looks like 2X-3X rate with new medical
breakthroughs
•Longevity Bonus
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The Linear LifePlan
Education Work Leisure Longevity Bonus
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The Cyclic LifePlan
Education Work Leis
ure Longevity
BonusDistributed
Leis
ure
Ed
ucati
on
Ed
ucati
on
/W
ork
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Our Mission
Encore.org is building a movement to tap the skills and experience of those in
midlife and beyond to improve communities and
the world.
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Technology Megatrends
CARING
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Technology Megatrends
CARING
Bob Hillis, CEO, DirectSupply – Nic Fall Conference
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Technology Megatrends
CARING
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Mobility
CARING
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2007 Forbes Cover
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First implantable mobile phone will become commercially available by 2025.
Source: Business Insider: 21 technology tipping points we will reach by 2030; Cadie Thompson
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Today’s Nursing Home Industry and The “Default Factor”
SNF?70%
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Solution –Virtual Physician Services
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1925Vision
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Results
• New York Study:• 350 bed SNF
• 91 avoided admissions in one year
• $1.3 million savings for the Medicare Program
• Increased net revenue for the SNF almost double the cost of the service
• CMS Study in Florida• 4 Florida SNFs participating
• After 4 months, first facility recorded “24 avoided admissions”
• 72 annual projection
• $720,000 savings to Medicare (from 1 facility)
• Increased net revenue for facility far exceeded cost
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REFLEXION HEALTH - THERAPY
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Current State Future State
~$4,100 -$5,600
Patients have to travel
Intermittent visibility into home environment
Patients don’t have to travel as often
Continuous visibility into home environment
Home Health~$3,500 - $4,400
Outpatient PT~$600 - $1,200
+
VERA
PT Navigator
+
Up to 85% cheaper
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Artificial Intelligence
CARING
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AI PROGRESS
[NEW]: Self-Taught AlphaGo Zero Vanquishes Its Predecessor
1997 2011 2016
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“This technique is more powerful than previous versions of AlphaGo because it is no longer constrained by the limits of human knowledge.”
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Google’s Machine Learning Software
Has Learned to Replicate Itself
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SIMPLE SENSORS + AI
• Change in patterns of Toileting
• Avamere ( Oregon)
$20
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AI will be a serious force in Senior Living
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Internet of Things
CARING
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The Internet of Caring Things
A Network of Connected Objects Brought to Life by a Clear Mission: To Actively Care for Consumers – Their Physical and Mental Wellbeing, Homes, Loved Ones and More..
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1 Trillion sensors will be connected to the internet by 2022.
Source: Business Insider: 21 technology tipping points we will reach by 2030; Cadie Thompson
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Voice Interface
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Amazon Echo Devices – Personal/home organizer
• Amazon Echo Show• Voice control of smart home devices
• Timers, Alarms, To-Do Lists, Reminders
• Responds with visual content as well as audio
• Video calling capabilities
• Amazon Echo Dot• Smaller footprint
• Great for kitchens and bedrooms
34
“Alexa, call Wendy”
“Alexa, when do the Wizards play next?”
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Scenes
35
“Alexa, I’m Home”“Alexa, remind me to call my doctor tomorrow at 8”
“Alexa, set oven timer for 30 minutes”
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Enhanced Security
• Ring - Door Answering System• Integration with Amazon Echo
• Replaces current doorbell
• Video monitoring of doorstep
• Two-way communication via Ring app
36
“Alexa, who is at the Front Door?”
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Green Technology
• Ecobee4• Smarter thermostat
• Integrated Echo command (It has an Echo inside)
• Remote sensor to help even out cold or hot areas
• Fully programmable
• Remote control via Ecobee App
37
“Alexa, what is the temperature in the house?”
“Alexa, set master bedroom temperature to 74 degrees”
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Home Protection
• EcoNet EBV105 Water Shutoff Leak Sensor• No plumbing required
• No hub or connection to Alexa
• Remote floor sensors to auto-shutoff
38
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ALEXA-SUGARPOD by WELLPEPPER
•Scale
•Foot Scanner
•Assessment
•Education
•Messages
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Laboratory Quality Results in Minutes
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Biometric Monitoring
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PROTEUS DIGITAL
Ingestible Sensors in Pills
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Monitoring – Smart Watches
Patient Nurse
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Technology Megatrends
CARING
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Augmented / Virtual Reality
CARING
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AR - Maintenance
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RENDEVER – Virtual Tours
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$199 – NextYear!
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Robotics
CARING
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Mobile Robots• Mobile Video Conferencing
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Robotic Aides!
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Robotic Wheelchairs
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Robotic Companions
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The first robotic pharmacist will arrive in the US 2021.
Source: Business Insider: 21 technology tipping points we will reach by 2030; Cadie Thompson
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I’d like to see the Pharmacy Cart for this one…
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Self Driving Cars
CARING
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Assisted/Self-Driving Cars!
Driverless cars will account for 10% of all cars in the US by 2026.
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Home IL AL SNF
Business Model Impact
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Home IL AL SNF
HOSP
HOME
Business Model Impact
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AirBnB for Elders UBER without Smartphone
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BUSINESS MODEL IMPACT
http://www.leadingage.org/sites/default/files/CAST_Scenario_Planning.pdf
Integrated/ CoordinatedHealth Care
Community-Based Support Services
Real Estate Based
+ Interoperable EHRs & HIE
+ Remote Monitoring/ Telehealth
+ Care coordination tools
+ Remote monitoring and assistive devices
+ Wellness & quality of life
+ Remote monitoring and assistive devices
+ Wellness & quality of life
+ Facility management
+ Interoperable EHRs & HIE
+ Remote Monitoring/ Telehealth
+ Care coordination tools
+ Interoperable EHRs & HIE
+ Remote Monitoring/ Telehealth
+ Care coordination tools
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WHAT SHOULD I DO TODAY?
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START WITH A STRATEGIC PLAN
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DEFINE PARTNER, RESIDENT AND STAFF EXPECTATIONS.
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IDENTIFY COMMON INFRASTRUCTURE NEEDS ACROSS BUSINESS SEGMENTS
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IDENTIFY STRONG PARTNERS WHO COMMIT TO YOUR BUSINESS OBJECTIVES
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OUR STORY….. from mHealth to Wi-Fi basics.
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1. Not focusing on business justification
2. Thinking too small. Its Wi-Fi + Phone + TV + Apps
3. Making this an IT only effort.
4. Not considering future needs.
5. Poor or nonexistent staffing.
6. Incorrect expectations – Staff and Residents.
7. Poor technology architecture.
8. Not focusing on security.
9. Poor project management.
10. Not addressing operations concerns early.
WIFI PROFESSOR TOP 10 MISTAKES
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Resources
• Facebook Group Senior Living Innovation Center – Public Group
• https://www.facebook.com/groups/SLIC1/
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Accelerating Technology
Every decade our overall rate of progress is doubling. We won’t experience 100 years of progress in the 21st century—it will be more like 20,000 years of progress (at today’s rate).
Ray Kurzweil, 2001
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"A true genius admits that
he/she knows nothing."
Albert Einstein
https://twitter.com/AlunaCrypto
Questions?