The finances of running a long-term care facility long have seemed like Monopoly. With each patient, you pass "Go," you collect $200.
University teams from across the country are gearing up to show off their technology-driven tools meant for improving the lives of older adults and their families. They'll be taking part in the inaugural "HackFest" Oct. 25-27 in Dallas, in conjunction with the LeadingAge annual meeting. "Engage with Age" will challenge the students to design a tool and present a plan for how it would be implemented. The top team will be announced at 1:15 p.m. Oct. 25 and win $5,000; two runners-up will each take home $2,000.
Hill-Rom and Edison Nation Medical have formed a partnership to conduct a medical invention search. The companies are seeking ideas from healthcare providers and the public for new products, specifically to reduce the rate of infection for patients who receive inpatient or outpatient healthcare each year.
Innovation in aging care has been talked about for years, but the opportunity has never been greater than right now. Desired solutions appropriate for this actively aging population are growing in mindshare, as the boomers seek to transform the experiences of their parent's generation.