At Heron Point Tech (https://www.heronpointtech.com/), we’re developing tech-based solutions to scale elder care.
Between 2015 and 2030, the number of people in the world aged 60 years or over is expected to grow by 56%, from just over 900 million to nearly 1.5 billion. This trend in turn leads to an increase in the number of people requiring long-term skilled care (LTSC), which includes home care, hospices, nursing homes, and assisted living centers.
One of the most common issues in LTSC settings is falls. One in every 3 people older than 65 years is estimated to fall 1 or more times each year. Fall death rates among adults aged 65 and older increased more than 30% from 2007 to 2016. Every 19 minutes, an older adult dies from a fall.
Falls in older adults are not only risky, but also costly for both insurance providers and assisted living facilities. In 2019, falls of US residents aged 65 or older led to $51B in medical costs, with $39B paid for by Medicare/Medicaid and $12B paid by private entities. Falls are also the 2nd largest reason for lawsuits against LTSCs. In addition, falls are one of the leading causes for resident turnover
in assisted living facilities.
Heron Point Tech’s Fall Prevention System allows assisted living facilities to preemptively and continuously detect residents who are likely to fall. As opposed to most fall-related systems, our system doesn’t detect falls - it stops them from happening in the first place. By using a camera placed in a common area, such as the entrance to a dining hall, our system uses computer vision and machine learning to extract features of how each resident walks and then tracks these features over time to determine fall risk scores. These risk scores are then sent to facility staff in a weekly report. No wearable devices required.
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Frequently asked questions
When was Heron Point founded?
Heron Point was founded in 2020.
What industry is Heron Point in?
Heron Point operates in Hospital & Health Care. Find similar Hospital & Health Care investors on gritt.io.
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