GreatCall CEO: Health Care System Stretched Thinner Than Ever Because of COVID-19

COVID-19 has opened the floodgates for adoption of telehealth services, creating newfound opportunities for technology companies looking to change the way health care is delivered by moving more care into the home and out of institutional settings. One such company is GreatCall, acquired by electronics retail giant Best Buy (NYSE: BBY) for a whopping $800 […]

How FirstLight Turned Employee-Assistance Programs into a Major Revenue Driver

FirstLight Home Care’s 2019 success was a catalyst for lofty 2020 aspirations. One of the major drivers of last year’s prosperity was employee-assistance programs (EAPs). EAPs are specially designed employee benefit packages offered by certain employers. Over the past few years, they’ve more frequently included caregiver benefits, prompting home-based care agencies to take notice. Some […]

Best Buy Floats Lofty In-Home Health Care Goals in 5-Year Plan

Electronics retail giant Best Buy (NYSE: BBY) is planning to rapidly scale its health care segment, which is broadly aimed at helping seniors age in place through remote patient monitoring. The Rochester, Minnesota-based company reemphasized its focus on increasing the amount of seniors they serve on a third-quarter earnings call with investors and analysts last […]

Aging in Place Positioned to ‘Upend’ Senior Housing

More than three out of every four Americans age 50 and older say they prefer to remain in their current community — and likely their individual homes — for as long as possible, according to AARP statics. Combined with technologies that enable aging in place, that preference is positioned to “upend” the U.S. senior housing […]

Papa Exploring Medicaid, Employee Benefit Opportunities Following $10M Funding Round

Grandkids-on-demand startup Papa has raised $10 million in Series A funding, pushing the Miami-based company’s total funding raised above $13 million. The recent investment round was led by Silicon Valley-area venture capital firm Canaan, with money also coming in from Sound Ventures, Y Combinator and Pivotal Ventures, a firm created by Melinda Gates. Past big-name […]

Gillette Takes Sharp Step Toward Helping Seniors Age in Place

Many well-known companies are tapping into the aging in place market to accommodate the influx of seniors that prefer to remain in their homes and communities as opposed to other options, such as nursing homes or assisted living facilities. One of the most recent ones to take a sharp step toward aging in place is […]

Cisco, American Well Developing Telemedicine-Enabled TV for Seniors 

Multinational technology powerhouse Cisco Systems Inc. (Nasdaq: CSCO) and privately held telemedicine company American Well are joining forces to turn consumers’ television sets into virtual doctor’s offices. Unlike telemedicine services that depend on tablets and similar mobile platforms, San Jose, California-based Cisco is reportedly in the early stages of creating a device meant to be […]

Home Instead Joins Employee Caregiver Benefit Conversation

Even though more and more companies have started to offer employee caregiver benefits, home care agencies aren’t always part of the equation. For example, companies like Starbucks (Nasdaq: SBUX) and Best Buy (NYSE: BBY) have turned to Care.com, a move that’s generated criticism from some industry leaders. They say verified home care providers — rather […]

Sanford-TytoCare Partnership Showcases Telehealth’s Evolution

Not too long ago, “telehealth” often meant connecting home- and community-based patients with their physicians via some sort of simple, tablet-like hardware. Today, however, the term can mean so much more — and at-home care providers need to start preparing their operations for a wave of new telehealth possibilities. TytoCare — which recently announced a […]