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July 27, 2017

More than 60% of U.S. Seniors Desire Independent Living at Home with Ease and Convenience

IBM, AARP, and Parks Associates to discuss aging-in-place and independent living innovations during special session at Connected Health Summit

Parks Associates today announced new digital health research showing that U.S. consumers 65 and older living in a broadband household overwhelmingly want a healthy, financially independent, convenient, and efficient retirement life. The research firm will host the fourth-annual Connected Health Summit: Engaging Consumers, August 29-31 at the Omni Hotel San Diego, where analysts and industry leaders will discuss strategies to design and sell IoT and smart home solutions that will deliver remote health monitoring solutions, independent living technologies and services, and innovative convenience care models for this aging-in-place population.

“Our greying generation is embracing aging and retirement with high expectations, and home is their preferred place to enjoy this aging journey,” said Harry Wang, Senior Director of Research, Parks Associates. “Translating this expectation into affordable, smart, and healthy home living experiences requires collaborations from multiple industry sectors that include healthcare, insurance, and smart home.”

Most Important Home Living Aspects | Parks Associates

Consumer research, to be published in 360 View: Empowering Healthcare Consumers, finds almost three in four seniors 65 and older rank financial independence as their most important aspect of their retirement life. Seventy percent want a healthy life with minimum impact from illness/disease, and nearly 60% desire an easy and convenient life at home that maximizes their life efficiency.

At Connected Health Summit: Engaging Consumers, Sam Adams, IBM Distinguished Engineer, Master Inventor, Technical Lead for Global Aging Initiative, IBM, and Sanjay Khurana, VP, Caregiving, AARP Service Inc., will join Wang during the fireside chat session “Consumer Aging Journey and Business Opportunities” to discuss the needs of seniors and boomers and smart home innovations that could align with their healthcare needs.

Wang will also moderate the session “Virtual Care: Innovations Driving Patient Usage” at 4:30 p.m. on Wednesday, August 30. In this panel, leading virtual care solution and service providers discuss their growth strategies and how the industry can continue to expand. Session speakers include:

  • Andrew Altorfer, CEO, CirrusMD
  • Autumn Braswell, COO, Global Solutions, Marketing, LinQ, iQor
  • Chuck Hector, Chief Sales Officer, MDLIVE, Inc.
  • Kevin L. Smith, DNP, FNP, FAANP, Chief Clinical Officer, Zipnosis
  • Ian Tong, Chief Medical Officer, Doctor On Demand

Brad Russell, Research Analyst, Parks Associates, will moderate the session “The Business Case for Patient Data: Optimizing Healthcare Experiences” at 1:15 p.m. the same day. This panel examines the best practices in optimizing patient experience at different care touchpoints and the power of data in such practices. The session includes the following speakers:

  • Darlene Arbeit NFA, HFA, COO, ALIVE SCIENCES
  • Chris Edwards, Chief Marketing & Experience Officer, Conversa Health
  • Veena Goel, MD, Medical Director, Digital Patient Experience, Sutter Health

Registration is open for the Connected Health Summit, and media are invited to attend. For more information, visit www.connectedhealthsummit.com. To schedule an interview with an analyst or to request specific research data, please contact Julia Homier at julia.homier@parksassociates.com, 972-996-0214.

About Connected Health Summit: Consumer Engagement and Innovation

Connected Health Summit, hosted by international research firm Parks Associates, is an executive conference focused on the impact of connected devices and IoT healthcare solutions on consumers at home. In its ninth year, Connected Health Summit brings senior industry leaders together from all aspects of the consumer experience ecosystems to provide insights on new business models, IoT technologies, consumer behaviors, and deployments relevant to consumer healthcare solutions.

The conference features Parks Associates quarterly consumer readdresses opportunities for new solutions in the care giving and senior markets and the wellness markets. This includes smart home platforms, on-demand services, voice assistants, and wearables, to empower consumers, caregivers, and providers and to meet the growing demand for services in independent living, chronic care management, remote access to care, and wellness and fitness solutions. www.connectedhealthsummit.com

Follow the event on Twitter at @CONN_Health_Smt.