Tech Giant Aims to Cultivate Senior Care ‘Ecosystem’

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Aging populations around the globe have motivated companies small andlarge to focus more on senior care technology. Multinational tech giant Philips (NYSE: PHG) has been among these companies, and its new initiative places even more emphasis on helping aging people maintain their independence at home, whether that’s a private residence or senior living community.

Philips’ Aging Well Services is meant to be a whole portfolio of personalized services, solutions, and content around this mission of independence. It launched last month, with tele-rehabilitation company RespondWell as the first participant. RespondWell uses a gamification approach to help enable and improve home-based rehab.

The Aging Well ecosystem also currently includes BrainHQ, a cognitive health platform offering brain-training exercises, as well as medication management options and senior living/home health referral partnerships, Marcia Conrad Miller, senior director of business transformation at Philips, told Senior Housing News. The team at Philips is actively involved in discussions to expand the Aging Well portfolio, she added.

As for why Aging Well is launching now, it is related to the recent division of Philips into two separate holding companies, one for lighting and one that merged consumer products and health care products into a health tech category. Aging Well is an important part of Philips’ effort to provide support at every point in the health care continuum, at every stage of a person’s life, Conrad Miller said.