Security Business

FEB 2019

Find news and information for the executive corporate security director, CSO, facility manager and assets protection manager on issues of policy, products, incidents, risk management, threat assessments and preparedness.

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February 2019 / www.SecurityInfoWatch.com / Security Business 47 health slated as a key response to the care shortage, integrators that can deploy and configure these systems will be in high demand. Housing Trends Of course, not all seniors will be able to stay at home; in fact, AARP is now reporting that only 76 percent of Americans age 50 and older prefer to remain in their current residence. The housing market collapse has been a key reason for the change of heart. In the past, many seniors or their families sold their homes in order to pay for nursing home care. Unfortunately, homes may not be worth as much as they once were. The AARP survey finds that many adults age 50 and older are willing to consider newer alternatives, such as home sharing (32%), building an accessory dwelling unit (31%) or retirement villages that provide services that enable aging in place (56%). All these scenarios are important for integrators to watch closely. Nursing Homes and Assisted Living Nursing homes are prime opportunities for technology integrators. The industry is currently undergoing a severe shortage of personnel and is trying to quickly adapt to disruption in the market. According to Health Dimensions Group, many of America’s 15,000 skilled nursing facilities (SNFs) will ultimately be converted to senior housing alternatives, such as monitored low-income or market rental apartments, assisted living, or memory care centers – all of which have experienced increased consumer demand. These facilities can be optimized with smart home technology and monitoring services. In the meantime, assisted living itself has become a growth industry (read more on page 48). According to McKnight Senior Living, SNFs still represent the lion’s share of the seniors housing and care market at 67 percent; however, assisted living now owns 16 percent of the market. Retirement/residential (independent living) is the third-largest category for seniors, at 4 percent of the market – and of course, each of these facilities is a potential customer for smart home and telehealth integration. ■ » Silvia Madrigal is a Senior Business Development Executive for Silicon Labs (www.silabs.com), a provider of software and solutions for a smarter, more connected world. Ms. Madrigal formerly held leadership roles with Alarm.com, GE and a Blockchain startup. Together we can Educate Inspire Heal Nourish Children and families in crisis across the USA need our help – and yours. And as a 501(c)(3) organization, Mission 500 now has even greater flexibility to work with local charities to better support existing and new sponsors and volunteers. But even with over 1100 children sponsored and many acts of charity performed to date, there's still a great deal of work to be done. Get involved today! Visit mission500.org for more information. Supporting Families Across America Request information: www.SecurityInfoWatch.com/10487869

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