Olera.care Secures $2.3 Million Funding To Develop Advanced AI Technology for Nationwide Social Assistance Program Targeting Senior Citizens

July 31, 2023 at 23:28 PM EDT

Olera.care, an innovative startup committed to enriching the aging experience in the United States, was awarded a significant grant of $2.3 million by the US National Institute on Aging.

This funding will be used to develop and integrate advanced AI technology into their Senior Assistance Program (SAP), a forward-thinking initiative to provide remote social assistance to underserved seniors citizens nationwide. By utilizing the power of AI technology, the program can connect older Americans with home health resources more efficiently than ever before. It will help Americans stay out of the hospital, safe and well in their homes.

The company actively addresses the major challenges older Americans face, including high healthcare costs and limited access to community support services. According to Dr. Logan DuBose, MD, MBA, and COO of Olera.care, "The statistics cannot be ignored. There are currently 25 million Americans over the age of 65 who are living in poverty. These individuals struggle to meet their basic needs, and the situation worsens if we don’t address it head-on".

Olera.care has designed its SAP to address real-world needs aging population faces like:

- Affordable senior living options.
- Managing memory and health conditions
- Finding and paying home caregivers.
- Staying mentally active and social.
- Family caregiving support and respite.

“Ultimately, the goal is to deliver a social assistance service to the homes of Americans that tackles practical challenges that often receive insufficient attention or are only addressed during a crisis situation” says TJ Falohun, CEO of Olera.care.

In light of a nationwide workforce shortage, rising labor costs, and inadequate funding, the creators of Olera.care recognized the substantial challenges social workers face in meeting the growing demand for senior care coordination. To address this, they are leveraging AI technology to save social workers time, enabling them to prioritize better patient education and address obstacles related to accessing senior care assistance like paperwork, phone calls, and benefit applications.

"This critical assistance can be the difference between someone receiving the care they need at home or going to the hospital for a preventable illness" adds Dr. DuBose.

Olera.care's staff assist patients remotely with appointment scheduling, benefits paperwork, legal documentation, and provide ongoing support to troubleshoot any needs that arise. The remote accessibility of it’s SAP improves access and makes available services that are too often not accessible to most Americans. The team aims to scale SAP nationwide and provide remote care coordination services to seniors nationwide.

Leading the team is CEO TJ Falohun, a distinguished member of the Texas Business Hall of Fame and a biomedical engineer from Texas A&M University. Falohun's expertise in cutting-edge technologies is crucial in pioneering AI-driven social assistance for seniors. Assisting Falohun is COO Logan DuBose, an innovative internal medicine physician experienced in coordinating medical and social care for older patients. Together, they lead a growing network of industry partners and aging care experts with a shared mission of ensuring seniors' well-being and health at home through high-quality remote social assistance programs.

"We are seeing a huge surge in demand from families who need help navigating complex issues related to staying safe and healthy at home. We expect this demand to continue to grow as our population lives longer and the healthcare system is strained even further" stated TJ Falohun.

Due to prevalent gaps in post-acute care transitions and challenges within the American healthcare system, Olera.care has witnessed significant demand for this remote assistance, with a growing number of patients across the country requesting services. Olera.care is committed to meeting this demand by leveraging AI-driven social work as an efficient, scalable solution to provide valuable case management and social assistance.

Olera.care is actively collaborating with the US National Institute on Aging to further develop, test, and scale SAP, ensuring effective and high-quality care management and social assistance information. Interested researchers, providers, and community members are invited to join Olera.care in developing this much-needed service nationwide. By collaborating and contributing to this innovative vision, individuals can help shape the future of senior care. The company welcomes those interested in learning more and getting involved to reach out and explore partnership opportunities.

Primary caregivers of individuals with dementia may also be eligible to participate in the CARES Study and contribute to improving care planning resources.

Media Contact
Company Name: Olera.care
Contact Person: Simon Cowan
Email: Send Email
Phone: +1 (346) 803-2407
Address:1337 W 43rd St. Unit #1010
City: Houston
State: TX 77018
Country: United States
Website: https://olera.care/

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Olera.care Secures $2.3 Million Funding To Develop Advanced AI Technology for Nationwide Social Assistance Program Targeting Senior Citizens

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