What is Healthy Aging?
WHO defines healthy aging as “the process of developing and maintaining the functional ability that enables wellbeing in older age”. In the healthcare context, healthy aging refers to the prevention of age-related health conditions as well as effective, sustainable, equitable, and accessible care of older people who already suffer from various illnesses.
Why is Healthy Aging Relevant?
Most of the major economies in the world are experiencing growth in both the size and the proportion of older people in the population (WHO 2021). While longer life highlights great medical achievements and brings in multiple opportunities for older people and their families, the proportion of life in good health has remained broadly constant, implying that the additional years are in poor health (WHO 2021).
This not only puts economic pressure on healthcare systems but also questions the sustainability of public health.
Current and Future Challenges
As the proportion of the older population grows, healthcare systems are facing exponential increases in health expenditures necessary to cover health conditions. The shortages are significant on the human resource side as well. For example, the overall shortage of health workers in the EU28 is estimated to reach 4.1 million in 2030 (0.6 million physicians, 2.3 million nurses, and 1.3 million other health care professionals) (Michel J & Ecarnot F. 2020). Specialized care is also facing a crisis. For instance, the US will need 33,200 geriatricians in 2025 (Span 2020). Currently, there are about 7,000 U.S. geriatricians, of whom about 50% practice full time (ibid.).
Disruptive Potential for Change
While there are many digital applications for both the prevention and management of age-related health conditions, the efforts seem to be fragmented. However, there exists a huge potential to transform healthcare ecosystem. To meet the demand and increase the quality of life, we need the transition to accessible, equitable, high-quality, and sustainable health care systems with the 4Ps at its center: Predictive, Preventive, Participatory, Personalized.
Demand For Senior Healthcare Is Projected To Exceed Supply
Senior Population
Senior Population is rapidly increasing (22% of the U.S population are expected to be aged 65+)
High Proportion in Need
High proportion of senior population requires professional care (30% of population aged 65+ requires geriatric care)
Care Resources
Geriatric care resources are limited compared to demand (45% projected increase for geriatric care by 2025 (from 23K to 33K FTEs))
Doctor Resources
Demand for geriatricians is projected to exceed supply, resulting in a national shortage of 26,980 FTEs in 2025.
Nurse Resources
3.9 million of those individuals in the United States. Estimates of upwards of one million additional nurses will be needed by 2020.
Our Strategy
Longevica’s end to end solution will be the solution to providing clinically supported personalized care to patients at the comfort of their own home; allowing higher efficiency utilization of healthcare resources without compromising on quality and resulting in better patient outcomes.
Healthy Aging Index
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