Part
01
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Part
01
Australian Aged Care Companies
Introduction
Ustwo is a company that provides and innovates technological solution to aged care. The company doesn’t focus on simply providing the standard care for the elderly but on more mindful and holistic techniques with a digital basis, such as the soothing PAUSE app. The researched companies (except one, Opal, which is larger and more established) are also innovative, technology focused firms. Ustwo could potentially collaborate with any of them to combine services leading to exciting opportunities in the aged care field.
Opal
Opal Aged Care states that it wishes to be “different” from other aged care companies. They want to “approach [the] many things we do with fresh thinking.” Opal Aged Care changed its name after a merger between Domain and Principal Aged Care to reinvent its identity. They note that they will devote “significant” resources to develop new programs which makes them a good candidate to promote your products to. They may be amenable to the type of innovative products offered by Ustwo Health as well as willing to spend the money.
RSL LifeCare
RSL LifeCare is known for its innovation and for using technology. An article in Aged Care Guide describes RSL LifeCare’s John Edmondson VC Gardens branch which uses robots to help take care of its aged population. Ken Wyatt, the Minister for Aged Care, states that, “Technology will never replace the dedication and service of trusted care and health professionals but it can support them to provide even better and more efficient care.” RSL LifeCare has a robotic seal, for example, to entertain residents but to also track them and report back to staff.
RSL LifeCare and Ustwo could collaborate to bring helpful technological solutions to the aged population. The John Edmondson VC Gardens branch is the perfect branch for collaboration as it shows a willingness to experiment with new technologies.
Better caring
Better Caring is a nascent aged care start up that attempted to solve a problem faced by one of the founder’s parents. Using a new technological platform, Better Caring connects the aged population in need of a home care specialist with exactly the type of caregiver that they request. The government provided system provided caregivers from large organizations and those people would cycle. Better Caring’s technological platform allows users to define parameters and everything, including invoices and ratings, are handled on their end. Better Caring’s technological embrace and focus on closeness to their clients makes them a great candidate to contact. Furthermore, they have won grants from the government for their innovations.
Lumin
Lumin is another technology oriented company. Lumin provides a communication and monitoring platform for aged citizens. Their goal is to stimulate the mental health of aged citizens by allowing them to keep their independence and communicate with family members while also keeping them safe. Lumin creates smart monitoring devices to help the elderly as well as their family and friends. Lumin’s focus on technology and mental health correlates with Ustwo’s goals and products.
Conclusion
Aged care in Australia has evolved in the past several years due to companies such as Lumin and Better Care. Ustwo’s software, which doesn’t only target the elderly, is in a great position to find a foothold in aged care by working with some of these nascent startups or a larger company such as Opal. The benefits of all of these companies is that they’re open to new prospects in aged care which aids Ustwo’s pitch.