Assesspatients was selected to participate in the speaker's corner of the recent European Summit on Innovation for Active and Healthy Ageing in Brussels in early March. The speaker's corner was an opportunity to pitch for a number of European startups and sme's who are bringing innovative products and services for older care in Europe.
Our theme at speaker's corner was "...Older people involevment, Care team collaboration and multidisciplinary assessment delivers a higher quality of care..."
This short blog post is about the key lessons we learned from participating in the speaker's corner and the wider conference.
The Silver Economy
- There is a major commercial opportunity through public Age-related expenditure of 25% of GDP for products and services such as improving the efficiency and effectiveness of health and social care services
- Making 10 million houses age-friendly in the next 2-5 years means investments of €100-650 billion for the construction sector and tens of billions for the ICT sectors, with a potential 1,7 million new jobs across Europe, according to the ECTP: European Construction Technology Platform.
- Health and social care services employment (17.2 million jobs in EU28) is growing much faster (+8.1%) than overall employment in the European Union
Healthcare spend is an investment
It is interesting to see if and how this philosophy is shared among healthcare authorities in each European country? Depending on how a country's health authorities - both public and private - view healthcare costs could be a gateway or barrier to innovation?