What Would It Take to Make Affordable Seniors Housing a Reality?
By Jess Stonefield, Senior Living Fund
Wyoming Company focused on assisted living crisis named a “What’s Next” Company 16th Annual Silicon Valley Boomer Venture Summit in Berkeley, California June 5-6
June 26, 2019
For more information, contact: Lori Bitter
Mark Hunter CEO of Living Solutions, Afton, Wyoming, premiered the “Portable Assisted Living Environment” to industry leaders, venture capitalists, and leading entrepreneurs in the longevity market at the 16th Annual Silicon Valley Boomer Venture Summit held in Berkeley, California June 5-6, 2019. The Portable Assisted Living Environment was recognized as a “What’s Next” innovation for its disruptive business model in addressing a crisis for caregivers and older adults who wish to age in place.
The market is facing a crisis in the availability of assisted living beds as baby boomers age. With 1.7 million licensed beds in the United States and more than 100 million older adults, assisted living communities will not be able to meet market demand. The current inventory of licensed will be reserved for seniors with highly complex medical issues, leaving tens of millions of seniors will be cared for at home. There are currently 44 million unpaid caregivers in the United States and the numbers continue to rise.
Hunter’s portable assisted living environment is a scalable solution designed to address a number of issues facing the market:
- Providing for personal and health care at home, regardless of a home’s suitability for an older adult.
- Creating support and safety for the family members providing care.
- Integrating tools and solutions for caregivers to provide a high quality of care in the home.
- Scalability to meet the growing need for assisted level services.
- Affordability for older adults at all income levels.
The portable assisted living environment is unique dwelling delivered to the caregiver when they need to move their older loved one into an assisted environment. The unit is leased for as long as it is needed, with nothing to buy or build. The solution is designed for seniors to thrive at home safely and affordably.
“We monitor trends and unmet needs in the longevity economy regularly, searching for the kind of companies who are working hard to both differentiate their offering and serve the needs of the market,” said Mary Furlong, Executive Producer of the Silicon Valley Boomer Venture Summit. “This recognition is a testament to the skill, ingenuity, and vision of the innovators and creators.”
ppod a 2020 Edison Award Nominee
Every year, the Edison Awards are given to the world-changing innovations in a variety of categories. Winners are chosen by a panel of more than 3,000 business executives, including past award winners, academics and leaders in the fields of product development, design, engineering, science and medical.
ppod is being considered for this prestigious Edison Award, the Oscar of Innovation. Winners will be announced in the Spring of 2020.