Episode 18:6 Danny Kaplan on current trends in senior care

Hear gerontologist and age-tech venture capitalist Danny Kaplan share his perspective on aging services trends, including technology, shifts in care models, and addressing equity in senior care.

About Danny  

Danny Kaplan is a General Partner at Equitage Ventures, a venture capital firm focused on the intersection of senior care, technology, and healthy aging. Danny was formerly a healthcare investor at Generator Ventures, where he worked on and continues to support investments including IntelyCare, Vesta Healthcare, VyncaCare, and Wellthy.

Prior to Generator, Danny was part of the early team at ClearCare, a leading web-based platform for home care agencies. Danny holds a BA in International Business from Dickinson College and an MBA and MS in Gerontology from the University of Southern California.

Key Takeaways

• The US Medicare Budget, being the primary payer of long-term care in the country, is an indicator of the growth of the senior care industry. In 2023, the budget was more than $1 Trillion, and by 2032, it will double to $2 Trillion.
• A major trend is the shift from care facilities to “aging at home,” though there are challenges with scalability due to efficiency and the staffing crisis.
• In combination with aging at home, “Adult Day,” where older adults can receive group care and connection, will become an alternative model to senior living.
• Right now, age tech is targeted more toward business-to-business opportunities but will shift to business-to-consumer in the next two generations as seniors become more comfortable with utilizing technology.