Millard: 57% of caregivers cannot suddenly help relatives in need
Kelsey Millard · a16z Podcast | The Realities of Aging / When Healthcare Is Local · Jan 2, 2019 · at 2:04
Kelsey Millard, executive at senior home care platform Honor, cites findings from an internal company study on family caregiving capabilities.
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“We actually did a study on, on caregivers, and we found that 57% of them said that they would not be able to suddenly help a loved one if they needed care in their home, that they personally can't.”
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More from Kelsey Millard
Millard: 70% of non-medical home care is paid out of pocket
“So, you know, 70% private pay, and in, in that other remaining 30%, it's either long-term care insurance or Medicaid.”
Millard: Middle-class Americans lack savings for private home care
“Folks who are in, in the middle income level of America probably don't have enough savings to pay for this level of care.”
Millard: 10,000 Americans turn 65 daily for next 19 years
“There's about 10,000 people turning 65 every single day for the next 19 years.”
Millard: 90% of people want to age in their own homes
“And we know that, you know, 90% of people want to age in their home.”
Millard: Honor tracks five key health indicators for in-home care
“So we actually use our technology platform to capture about five different indicators of health. And this actually really allows us to have increased stickiness with the healthcare kind of system, like the hospital and the payers and the clunkiness of it. But …”