For the past decade, senior care sales and finance specialist Ryan Novaczyk has served as the CFO and president of New Perspective Senior Living, which manages a portfolio of 22 senior living communities. Ryan Novaczyk enhances his professional expertise in the senior care sector through his participation in several industry organizations. He is a member of the National Investment Center for Seniors Housing & Care’s Data Analytics Committee, where experts convene to discuss the potential for big data to improve care and housing quality.
Almost a quarter of all people worldwide will be over the age of 65 by 2050. The cost of senior healthcare is projected to grow as the population ages. As a result, many technology companies have shifted their focus to digital innovations that will lower the overall cost of healthcare.
For example, digitized patient medical records are enabling healthcare providers to transfer important medical information quickly, accurately, and securely between hospitals and doctors and convey test results and treatment options to patients. Reduced errors, quicker diagnoses, and reduced communication gaps all lower the overall cost of care.
Additionally, healthcare technology developers have released mobile applications that help patients manage chronic illnesses such as diabetes through digitized glucose monitors and cardiovascular conditions through the use of heart monitors. With these technologies, patients can manage much of their own care with minimal assistance from their doctors.