The changing landscape of healthcare

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With the life expectancy of Canadians increasing from an average of 75 in to This makes having adequate plans in place more important now than ever before. For some individuals, part of the conceptual challenge in recognizing the rising costs associated with healthcare stems from a misunderstanding about the healthcare system as a whole and the separation of public and private.

Of even greater concern for adults and older adults, however, are the costs outside of that 70 percent, as the services typically required by the senior population, such as home care, prescriptions, medical equipment, assisted living and long-term care are often out-of-pocket costs. In a report from Statistics Canada, it was found that the out-of-pocket costs of prescription drugs, dental care, and insurance premiums rose 2. Among Canadians looking ahead and planning for retirement, two key areas that tend to matter most are having enough money to retire and having the resources to live in the manner they want to.

At the highest level, these are very important considerations that help direct the planning process; more specifically, both should factor in the potential healthcare needs and the associated costs. While the thought of getting older and experiencing a decline in health is understandably not an easy one to face, the costs of avoiding the topic — both from a financial and emotional well-being standpoint — are far too great to overlook potential health needs in the overall plan.

And given that the likelihood of needing long-term care increases as individuals advance through their senior years, education around the specific costs and options becomes even more imperative.

Potential healthcare needs are something that should be looked at both from a retirement-planning and an estate-planning perspective. The decision process for selecting a Power of Attorney on both fronts is one that should be given very careful consideration. Depending on circumstances, a neutral third party may be an ideal option in regards to a Power of Attorney for property, and this is an area where RBC Royal Trust provides expertise and guidance, with professionals who are well-versed and experienced from both a technical and an emotional perspective.

Every form of medical imaging—nuclear, ultrasound, x-ray and MRI—requires large, expensive equipment. Operators must undergo extensive training to use them. Advancements and creative thought are beginning to bring medical imaging down to handheld size.

Today, entrepreneur Dr. Jonathan Rothberg and the company he founded, Butterfly Network, are developing an ultrasound device the size of a smartphone.

The device gives doctors, and the sixty percent of the world that has little or no medical imaging capability, the tool needed to diagnose patients. Working to answer a different questions, in the University of California at Davis transformed an iPhone into the approximate equivalent of a laboratory microscope. Adding a lens to the camera and image processing software to the phone, doctors produced micro-photographs with enough resolution to image individual cells.

While not quite as sharp as those produced by laboratory microscopes, the iPhone images can give doctors working outside a laboratory important medical information. CardioComm makes the Heart Check Pen, another handheld device.

With this innovative device, cardiac patients no longer need to see a doctor to get an ECG reading. Robot assisted surgical systems account for less than five percent of all surgeries performed today, according to the Alliance of Advanced Biomedical Engineering. Existing robotic systems, while extremely sophisticated, are essentially electromechanical extensions of the surgeons eyes and hands. The surgeon makes every decision and every incision on his or her own.

A truly robotic system takes over certain functions, offers alternatives and acts as an intelligent partner. Perhaps most important, it learns. Our goal is to democratize surgery, to raise the standard of care by providing surgeon informatics, tools at the point of surgical care that will influence the outcome. For instance, the blood pressure cuff—a sphygmomanometer—had been invented only a few years before New England Wire opened for business in Now, the company and its wholly owned subsidiary, New England Tubing Technologies, have served the medical industry for more than a century.

We welcome change, both gradual and disruptive, and have successfully adapted to it for over years. Give us a call. Innovative solutions start with an experienced team of engineers, armed with the latest design tools and technology. Our focus on understanding the individual, complex challenges of our customers and designing solutions that fit, is why we have been trusted as the industry leader for over years. Robot Helps Kids with Physical Therapy Children with cerebral palsy can manage their symptoms through physical therapy, aka daily exercise.

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