Health­care firms boost AI for age­ing

Singapore Business Review - - CONTENTS -

Sin­ga­pore hos­pi­tals are gear­ing up as the grow­ing elderly pop­u­la­tion booms. They are now em­ploy­ing ro­bots to as­sist in elderly health­care. Meet Exoat­let, Ohmni, and Loomo. These ro­bots are some of the lat­est in­no­va­tions in the evolv­ing health­care land­scape which still needs to bridge sev­eral gaps in qual­ity aged care.

Ohmni al­lows fam­i­lies or care­givers to en­gage over the in­ter­net and check on the el­ders’ safety, med­i­ca­tion ad­her­ence, and diet. Geri­atric spe­cial­ists,and doc­tors can also be si­mul­ta­ne­ously di­aled on-de­mand to pro­vide ser­vices. Exoat­let pro­vides ex­oskele­tal sup­port to pre­vent falls and aide el­ders to ma­neu­ver any ter­rain. Loomo, on the other hand, fea­tures daily rou­tine sup­port amongst oth­ers.

The em­ploy­ment of these AI are needed to boost qual­ity pri­vate health­care. But qual­ity, comes with a price as pri­vate health­care ex­pen­di­ture is ex­pected to con­tinue ris­ing not only as a re­sult of the age­ing pop­u­la­tion, but due to higher preva­lence of chronic dis­eases, ris­ing af­flu­ence, pop­u­la­tion growth, and health­care in­fla­tion. John Cheong, an­a­lyst at May­bank Kim Eng, said that the gov­ern­ment has boosted spend­ing sig­nif­i­cantly to cater to the ris­ing de­mand. Mean­while, pri­vate health ex­pen­di­ture con­tin­ued to in­crease, with Raf­fles Med­i­cal as the main ben­e­fi­ciary given its lead and its in­te­grated busi­ness model. Cheong also noted that growth in the hos­pi­tal di­vi­sion was driven mostly by lo­cal pa­tients, whilst the vol­ume of for­eign pa­tients re­mains flat.

Dr. Tan Jit Seng, di­rec­tor, Lo­tus Elder­care Health Ser­vices, said that ef­fec­tive age­ing in place re­quires a NEEDS model, which should ei­ther be pre­ven­tive or sup­port­ive. “For it to be pre­ven­tive, there must be tel­ere­mote vi­tals mon­i­tor­ing, telep­res­ence for iso­la­tion and lone­li­ness, and ver­bal con­trols of ap­pli­ances like light­ing, TV, and air­con, amongst other things. On the ‘sup­port­ive’ as­pect, there must be quick ac­cess to in­for­ma­tion for prob­lem solv­ing, tele­con­sul­ta­tion, and day to day as­sess­ment and mon­i­tor­ing for de­te­ri­o­ra­tion and iden­ti­fy­ing re­versible is­sues,”

Dr. Tan added. The ro­bots have al­ready pro­vided so­lu­tions to these aug­mented aged care needs.

Pri­vate health­care ex­pen­di­ture is ex­pected to con­tinue ris­ing not only as a re­sult of the age­ing pop­u­la­tion, but due to higher preva­lence of chronic dis­eases, ris­ing af­flu­ence, pop­u­la­tion growth, and health­care in­fla­tion.

Loomo fea­tures daily rou­tine sup­port for el­ders

Ohmni al­lows el­ders to en­gage with loved ones

Newspapers in English

Newspapers from Singapore

© PressReader. All rights reserved.