Sramana Mitra: Right now, you are equating low cost with untrained labor. It doesn’t have to be so because there is such pressure on jobs. Over the next 30 years, the level of pressure on jobs is going to be tremendous. The level of unemployment is going to go through the roof because of automation.
Sramana Mitra: There’s stuff like that going on. There are venture-funded solutions that are going after that market also. From my point of view, the big trend that I see is that America never used to be a place where there was a lot of cheap labor available. I grew up in India. In India,
Sramana Mitra: In terms of home care centers utilizing technology, what are the trends? John Damgaard: On the caregiver side, there are tools to drive operational efficiencies and to match the caregiver labor force to where they’re needed. Think of the concept of Uber for home care where you’re able to see what home care
John Damgaard: The US government pays for over 50% of the total bill of long-term post-acute care. In case anyone’s noticed, we borrow about a trillion dollars a year to do that. By the way, that population is living longer so that translates to enormous problems. The innovation opportunities are also enormous. We have to bend
Senior populations in all parts of America are ballooning. The population of unemployed younger people will also balloon as automation ravages American society. Can these two trends converge to find a happy middle ground with the mission of creating a compassionate, humane society? Sramana Mitra: Let’s start by introducing our audience to MatrixCare as well