Parks Associates: More Than 50% of Current or Future Caregivers Are Willing to Pay for an Independent Living Solution for a Loved One

Parks Associates to host workshop on smart home solutions at 10th annual Connected Health Conference in Boston with speakers from Alarm.com, Comcast, MobileHelp Healthcare, and Orbita

nternational research firm Parks Associates announced today it will host the workshop “Connected Health and IoT: Impact of Smart Home Solutions” on October 17 in Boston, prior to the start of the Connected Health Conference, hosted by the Personal Connected Health Alliance (PCHAlliance). The workshop will discuss the role of connected consumer technologies in the home to aid in remote care, wellness, and independent living, including insights from the firm’s new research 360 View: Health and Independent Living.

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“More than 30% of U.S. broadband households are either current or future caregivers for a loved one, and more than one-half are willing to pay for an independent living solution for that person,” said Jennifer Kent, Director, Research Quality & Product Development, Parks Associates. “Cared-for loved ones want to stay in their home as long as possible, and smart home monitoring solutions can help accomplish this goal, particularly in their ability to alert first responders in an event of emergency, and to detect fire, water leak and other safety issues, like whether seniors leave a stove on.”

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“We are pleased to continue our collaboration again this year with Parks Associates,” said Richard Scarfo, Vice President, PCHAlliance. “Together, we provide attendees with knowledge and guidance at the intersection of the connected health and home, and highlight the role of connected consumer technologies in the home to aid in remote care, wellness, and independent living.”

Parks Associates health research reveals 34% of caregivers willing to pay for an independent living solution are interested in purchasing this offering from a company that specializes in independent living solutions. Seventeen percent would prefer a home security service provider, and 15% would prefer a health insurer.

The workshop “Connected Health and IoT: Impact of Smart Home Solutions” will feature multiple sessions focusing on solutions to address the complete healthy living needs of consumers and households:

• Connected Health: Home Service Provider Perspectives
• Independent Living: The Role of the Smarter Home
• Special Session: Enabling Engagement and Independent Living Through Voice
• Integrating Health and Consumer Technology Ecosystems

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