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Innovation is increasing to meet the risks of disability and long-term care



As the covid-19 pandemic continues,we learn to live with it and reduce the risks. While older adults have been disproportionately affected by the health effects of covid, they have also been affected by the effects of efforts to control the spread.

The number of infections has increased in recent months, and many long-term care closed its doors to visitors. This meant that many families were separated from elderly and disabled loved ones during the holiday period.

These separations can be time consuming as the frequency of infection remains high during the winter months in the northern hemisphere. With prolonged separations, older adults and people with disabilities may face the threat of loneliness, which is known to increase the risk of dementia,heart disease and stroke.

“There is a risk of not finding ways to meet safely”

These concerns were raised last month by the Chief Medical Officerat the University of Michigan, “It is important to find ways to gatherby taking appropriate precautions, with older adults rather than leaving them isolated. “

Even in the best of times, long-term care facilities were difficult to manage, staff and operate. There is no method that consistently offers residents the necessary levelsof emotional and physical care at an affordable price. This is an important reason why many insurance companies cut back on what they offer in long-term care products.

The future of elderly care

What is encouragingI showinnovation comes inplay to help reshape long-term care.Rather than talking aboutoptimize the solutions offered through long-term care, we talk moreabout age on site solutions for the home.

At CES 2022 in Las Vegas, robot products for the home were launched help with housekeeping. They join the ecosystem of companies and products where insurance companies work to help customers prevent, mitigate and manage the risks of illness and disability.

Our teams at Accenture work with insurance customers who havebuilt such solutions.They use their ecosystems to providealternatives that allow older adults to stay in their homes and communities, feel valuable and combat the risks of loneliness.

Increasing demand for people made possible by machines

Covid-19 has highlighted the long-standing shortage of healthcare staff that many countries are facing. By 2050, one in six people in the world will be over 65 years. And the number people living with dementia will be 2.5 times higher than today. Technological innovations can go a long way in enabling human caregivers who will be in greater demand than ever before.

Looking ahead, we can learn from what is happening in Japan. They develop public-private methods for long-term care insurance. These programs include robotic solutions. They also give women, who disproportionately take on family care roles, options to stay in the workforce and better prepare for their own pensions.


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Disclaimer: This content is provided for general information purposes only and is not intended to be used in consultation with our professional advisors.


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