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Industry Landscape
The senior living technology industry is experiencing significant growth, driven by an aging population and increasing demand for enhanced safety, efficiency, and quality of care. AI-powered solutions, like those for fall detection and care optimization, are becoming central to improving resident outcomes and operational performance, positioning the sector for continued innovation and investment.
Total Assets Under Management (AUM)
Number of Senior Living Communities in United States
~Approx. 28,900 (Assisted Living & Memory Care) / 15,000 (Skilled Nursing Facilities)
(1.2% (Assisted Living, 2023) CAGR)
- Driven by increasing demand for senior care.
- New community construction and expansion projects.
- Focus on specialized care types like memory care.
Total Addressable Market
17.6 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Predictive AI for Health Deterioration
AI models are evolving to analyze longitudinal health data, identifying subtle patterns that predict health declines or acute events before they manifest as critical incidents, such as falls.
Ambient Sensing & Contactless Monitoring
Next-generation sensors utilizing radar, lidar, or thermal imaging can monitor vital signs, activity patterns, and even emotional states without requiring wearables or direct contact, enhancing privacy and comfort.
Personalized Digital Twin Technology
Creating digital replicas of residents, informed by their health data and behavioral patterns, enables highly personalized care planning, simulated intervention testing, and proactive risk management.
Impactful Policy Frameworks
CMS Medicare Part B Coverage for Remote Therapeutic Monitoring (RTM) (2022)
The Centers for Medicare & Medicaid Services (CMS) expanded coverage for Remote Therapeutic Monitoring (RTM) services under Medicare Part B, including codes for monitoring musculoskeletal and respiratory system status, treatment response, and therapy adherence.
This policy creates new reimbursement pathways for technology-driven monitoring solutions, potentially increasing adoption of SafelyYou's services by enabling senior living communities to bill for certain types of remote oversight.
Information Blocking Rule (21st Century Cures Act) (Effective 2021)
The ONC's Information Blocking Rule, stemming from the 21st Century Cures Act, generally requires healthcare providers, health IT developers, and health information exchanges to share electronic health information (EHI) without unreasonable delays or interference.
This rule mandates greater interoperability and data sharing, which could facilitate seamless integration of SafelyYou's data with electronic health records (EHRs) and other care management platforms used by senior living facilities.
State-level Assisted Living Regulations for Technology Adoption (Ongoing)
Various states are increasingly updating their licensing and operational regulations for assisted living facilities to address or encourage the adoption of technology for resident safety, monitoring, and care delivery, though specific requirements vary by state.
Evolving state regulations can directly influence the demand for SafelyYou's solutions, potentially making certain technologies mandatory or providing incentives for their implementation to meet enhanced safety and quality standards.
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