Save Money For Elderly Care

Save Money For Elderly Care

Posted on November 6, 2014 by ElderCare Resources in Blog, Caregiver Education, Caregiving, Education, Independent Living, Senior Living

Technology Helps Save Money For Elderly Care

A lot of people either will or are currently dealing with caring for aging parents or grandparents.

It can cost as much as $50,000 a year for in-home health care for seniors. Nursing home care can run close to $70,000 a year.

But new technology is helping seniors stay in their homes longer and cut those costs.

Jim Consoer is one of seven siblings with aging parents. They wanted to keep them in their Northwest Iowa farmhouse as long as possible.

“My dad was at home until December of last year. They were on the farm, at home,” Consoer said.

Related:Elders & Technology: Enhancing The Quality of Life for Seniors

Daily vital checks and monitoring helped Jim Consoer’s parents stay at home until his dad died at the age of 92 in January and his mother moved in with his sister.

“Especially as we have siblings living across the country, this is a great way of keeping them connected to their health, their well-being,” Consoer said.

The technology the Consoers used included this wireless tablet that checked and recorded vitals like blood pressure and blood oxygen levels. The Good Samaritan Society’s LivingWell@Home Services also offers sensors that detect movement around the home and on the bed.

“So this is a sleep sensor, it can go right on top of the mattress. It picks up on the heart rate and respiration. That helps to see what kind of quality sleep are they having,” Sherrie Petersen, Director LivingWell@Home, said.

This MedMinder has an alarm to tell people when to take their medicine and wireless technology to transmit the information to a central data system. All that information can help detect anything out of the ordinary.

Related:Technology for Seniors & Elder Care

“It takes cost out of the health care system because we do early interventions. We have the LivingWell center where we have registered nurses that do the monitoring; that look at this information and make determinations on what to do,” Rusty Williams, Chief Information Officer LivingWell@Home, said.

The Good Samaritan Society monitors the information coming in from 1400 clients in 15 states.

“Obviously there’s the motivation piece there, is providing services that cost far less and keeping people in their home longer,” Williams said.

The high-tech medical devices and monitoring services for seniors can run between $90 and $200 a month. But that’s a fraction of what any kind of assisted living would cost.

And while the cost of assisted living continues to rise, the price of this technology has been cut in half in the last year.

The Good Samaritan Society is also looking into wearable devices, like Fitbits to help monitor seniors vitals. But the only problem with that is patient compliance–elderly people must remember to put them on for them to work.

Published by: