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 […]
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 […]
The race to move health care into the home is on, and a growing number of major retailers are officially in the running. In just about a week’s time, news broke that Walmart (NYSE: WMT), Amazon (NYSE: AMZN) and Best Buy (NYSE: BBY) are all separately making moves in the space. As the federal government […]
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 […]
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 […]
Retail giant Best Buy (NYSE: BBY) turned heads in August 2018 when it purchased GreatCall — a company that develops and sells smartphones, medical alert devices and other technology products designed to support older adults’ ability to age in place — for $800 million. At the time, the major investment was billed as a way […]
After submitting its IPO paperwork late last year, Lyft Inc. is set to list its shares on Nasdaq toward the end of next month. As it prepares to go public, the ride-hailing company continues to grow the health care arm of its business, which tackles social determinants of health and helps seniors age in place […]
2018 was a banner year for the Medicare-certified home health care industry. Big providers got even larger through creative mergers and acquisitions. Admissions and utilization numbers held strong. New telehealth opportunities started to emerge. And, in general, revenues remained high. The upcoming year brings much uncertainty, however, with the main culprit being the Patient-Driven Groupings […]
The vast majority of America’s older adults hope to remain in their homes and communities as they age. That’s often only possible, however, when they are able to independently leave their homes when needed. To help them do so, San Diego-based GreatCall, a wholly owned subsidiary of Best Buy (NYSE: BBY), is ramping up its […]
GreatCall, a wholly-owned subsidiary of Best Buy (NYSE: BBY) that makes technology for seniors hoping to age in place, has signed a five-year deal with a Massachusetts health insurer to provide in-home, passive monitoring devices to its high-risk members. As part of the newly announced deal, San Diego-based GreatCall will bring its Lively Home monitoring […]
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