Submissions for the 2017 Aging in Place $50K Challenge are now closed.
This fall, AARP Foundation and Rock Health invited digital health startups to apply for the 2017 Aging in Place $50K Challenge. Competitors applied for the chance to earn a $50,000 cash prize and work with AARP Foundation to improve the lives of vulnerable seniors. This challenge highlights solutions that will provide an opportunity for low-income older adults to have access to affordable, livable, and healthy housing as they age, while helping to reduce unnecessary healthcare services, costs, and hospital readmission rates—especially as described in the CMS 30-day hospital readmission measure.
By 2030, the U.S. population age 50 and older is expected to increase to 132 million. Two things are clear: America’s older adult population continues to grow, and the time to address their ability to age safely in their own homes and communities is now. Studies show a strong link between hospital admission rates and nursing home placement. Seniors suffer a 23 percent risk of being unable to return home or requiring nursing home placement from even short hospitalizations.
Some of the challenge’s key interest areas include:
- Reducing hospital readmissions
- Avoiding penalties from providers
- Providing post-acute care assistance
- Increasing overall patient satisfaction
2017 Aging in Place $50K Challenge Finalists
Dispatch Health is redefining healthcare delivery by providing convenient and affordable on-demand acute care services in the home.
FRND Health is a SaaS platform connecting payers and providers to a mobile network of RNs and NPs who visit patients’ homes between clinical visits.
RoundTrip provides healthcare professionals with a simple, web-based portal and mobile platform that connects patients with on-demand, non-emergency medical transportation.
2017 Aging in Place $50K Challenge Judges
On December 11, 2017, these finalists will pitch to a panel of judges at an event at the Rock Health office in San Francisco. The winner will receive a cash prize of $50,000 to continue working to improve the health outcomes and quality of life for low-income older adults. This year’s judges offer a variety of different perspectives and include individuals from the investment, insurance, and medical sectors. They include:
- Lisa Marsh Ryerson - AARP Foundation President
- John Lock – Entrepreneur in Residence, MedStar Institute for Innovation
- Liz Rockett – Managing Director, Kaiser Permanente Ventures
- June Fisher, MD – Director, TDICT Project, Trauma Foundation
- Chris Young – VP Innovation & New Virtual Market Development, Ascension Health
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For more information about AARP Foundation, visit aarpfoundation.org.