Healthcare firms boost AI for ageing
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