The cost of healthcare for seniors with dementia $184,500 greater than for someone without dementia!

As the trend to use technological innovations to help seniors live longer and more fulfilling lives continues to grow around the world (generally referred to as the Aging 2.0 movement), the focus at GTX Corp is to develop innovative, cost friendly, wearable technology, such as the patented GPS SmartSoles, that can keep help lower healthcare costs while keeping people connected and protected for about a dollar a day.  #connectedandprotected

 

A comprehensive study was recently published in the Journal of the American Geriatrics Society, on the cost of caring for seniors with dementia.

They created a mathematical model—utilizing Federal Medicare records to simulate disease progression for newly diagnosed individuals with dementia.

The  model estimates health care costs, including the value of informal care, for a person with dementia over a lifetime to be $184,500 greater than for someone without dementia, with 86 percent of costs incurred by family members.

Basically the cost to care for someone with dementia on average is $322,000 – compared to $137,000 for the same person without dementia.

Read the full article here.

Dementia Issues – Wandering – Dr Jennifer Bute from Kreativity on Vimeo.

About GTX Corp

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS tracking and recovery location based solutions, supported through a proprietary IoT enterprise monitoring platform. GTX offers a complete end-to-end solution of hardware, software and connectivity. The Company develops 2 way GPS tracking technologies which seamlessly integrate with consumer products and enterprise applications. GTX Corp utilizes the latest in miniaturized, low power consumption GPS, Cellular and BLE technology and offers a proprietary platform that enables subscribers to track in real time the whereabouts of people or high valued assets through a complete end to end – customizable transceiver module, wireless connectivity gateway, smart phone Apps, middleware, and IoT portal. Headquartered in Los Angeles, California, with distributors in 14 countries and customers in over 35 countries, GTX is known for its award-winning patented GPS SmartSole® – Think Dr. Scholl’s meets LoJack, the world’s first invisible wearable technology device created for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. Currently there are 100 million people worldwide who are part of this at risk wandering group and that number is expected to reach 277 million by 2050. The Company doesn’t just make and sell the best GPS tracking products, they deliver innovative, miniaturized, low power consumption wearable tech that provides safety, security and peace of mind at the touch of a button. We put the “Where” in Wearable Tech.

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General Information, Investor Relations, Wholesale Licensing, Consumer Purchase:

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Consumer Purchase of GPS SmartSoles

 

GTX Corp United Kingdom

In the UK, GTX Corp operates from its London office. For more information, please contact: Nelson Skip Riddle:

Email: nsriddle@gtxcorp.com

Tel: +44 7785 364100

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