Why We Exist
The world is confronting an aging demographic. By 2050, there will be more than 2 billion people aged 60 and over, representing 22% of the population.
Healthcare costs are rising as a result. In the United States, adults over 65 account for the highest level of health care spending of all age groups, with nearly 50% of an individual’s health care expenses spent after the age of 65.
There is a shortage of healthcare workers to serve the growing elderly population. Globally, there will be a shortage of 12.9 million healthcare workers by 2035. Less than 3 percent of students in medical school choose to enter geriatrics.
Older persons who remain in their homes and are socially engaged have better well-being. There is evidence that people who continue to live at home have better health outcomes and generate fewer health care costs.