CEO and Founder of GrandCare Systems
In an interview with Charlie Hillman, CEO and founder of GrandCare Systems, he explains why innovation is important to him and his company and what the government should do to aid innovators. Watch his video as a Finalist in CEA’s Innovation Entrepreneur Award, Small Business of the Year. Winners of the Award will be announced at CEA's Industry Forum in October.
How do you define innovation and what does it mean to GrandCare Systems?
Innovation is the ability to see new approaches to old problems. But the vision alone is never enough. To change an established order takes unwavering perseverance. You are not a real entrepreneur if nobody has advised you to not to quit your day job. Innovation also requires a passion for your chosen field. At GrandCare, it is our mission to fundamentally change the face of aging.
Where do you see the future of technology for aging adults?
To avoid bankrupting our children and grandchildren, my boomer generation must control our own healthcare and manage our chronic conditions. Right now, the healthcare burden on society is roughly 5 times for somebody over the age of 65 versus somebody under 30. Most people are very willing to sacrifice for future generations but lack the required information tools. Technology for aging will empower seniors and their families to take greater responsibility, making care more proactive, preventative, predictive, and personalized.
What is one thing the government can do to assist innovators and entrepreneurs?
The government foots a large part of the bill for senior care. While it is not in the nature of a bureaucrat, they must be more willing to take a chance on innovative approaches and not be wedded to the failed strategies of the past.