A new report suggests the programs can be cost-effective and easily pay for themselves, particularly ones that use low-cost technology. An economic analysis conducted for Healthsense Care Alliance found that the percentage of resident move-outs in senior living facilities with monitoring systems was 27% lower than facilities without remote monitoring.
The report also estimates that the systems reduce overhead by the equivalent of one full-time salaried employee per week in terms of time saved on room checks.
Though remote monitoring is still in its early stages, a CTA report predicts the practice will accelerate rapidly in the next few years. The report, titled The New Era of Connected Aging, suggests connected aging program adoption "is likely to go much more quickly" due to several factors. They include a downward trend in the cost of maintaining programs due to the "expanded use of technologies such as tablets, smartphone technologies, and other mobile devices."
Lindeman says connected aging is now so affordable that some companies are marketing products directly to consumers. "There's a product called Lively that's a simple system of motion sensors people can now buy in stores," he says. "And there's another simple monitoring system called Quiet Care that's being installed in a lot of senior living facilities and is also being marketed directly to consumers. So that's the direction we're going in now."