North County EDC Business Journal

FALL 2015 // NUMBER 9

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l SPECIAL REPORT NORTH COUNTY BUSINESS JOURNAL x FALL 2015 x sdnedc.org vocacy group, said many seniors who leave the workplace as employees will start their own businesses. "AARP has statistics showing that more older people are starting businesses than ever before," she said. Sharon Hamill, a professor of psychology and faculty director for the CSU Institute for Palliative Care at CSUSM, said boomers – however determined – won't be able to re- main active indefinitely. When age and ill- ness catch up with them, North County's economy will be challenged by the task of caring for them. Also, many local employers will be im- pacted as younger workers struggle to per- form their duties at work while caring for their aging baby boomer parents, she added. "If you are at work and you get a call that a parent has fallen, that will translate to time off work," she said. "What happens at home does impact the job." Healthcare Challenges Mary Ball, president and CEO of the Alzheimer's Association of San Diego/Im- perial Counties, said it's difficult for families to pay for the care of relatives who suffer from forms of dementia, a common illness for the elderly. "Of people who are 85 today, one in three is living with a form of Alzheimer's or de- mentia," she said. "With baby boomers aging, we will have so many more people impacted by the disease." Following recent health insurance re- forms, doctors are under mounting pressure to find cost efficiencies. Dr. James LaBelle, chief medical officer at Scripps Health, fore- sees a transformation of the healthcare sys- tem in North County and throughout the nation, as medical facilities look for ways to shoulder the cost of caring for the aged. Boomers, with their longer lifespans, may be more costly to treat than people of previ- ous generations because they will be more likely to have multiple chronic conditions. "It really is an issue of how we drive more efficiency into this system of care," said LaBelle. "It's a challenge. In terms of acute care capacity in the county, we have enough. We need to focus on how we organize those services and get them to work together." Opportunities for economic Growth Tim Lash, executive vice president for strategy and successful aging for West Health, a group that works to lower health care costs, said North County should look at providing care for aging boomers as an op- portunity for economic growth rather than as a drain on resources. "We look at it as an opportunity to im- prove care delivery and efficiency, and help the healthcare system – which is about 18 percent of our (national) GDP – transform for this wave of seniors." HEALTHCARE SUMMIT TO ADDRESS ELDERLY NEEDS N orth San Diego County is well aware of the needs of its community members, and of particular concern lately are the area's baby boomers. This concern is why the North County Health- care Summit, to be held on September 29, 2015, will be fo- cused on "The New Econ- omy of Aging Baby Boomers." The summit will feature two panels: one on the clinical status of the na- tion, state, and region from a health- care perspective, and the second on how North County is preparing for the future economic impact of the area's growing elderly population. Panelists will include Mary Ball from the Alzheimer's Association of San Diego, Kapua Conley from Tri- City Medical Center, Leslie ray, Epi- demiologist from the County of San Diego, Sharon B. Hamill, Ph.D., from the CSU Institute for Palliative Care, and Tim Lash from West Health. An informative, encouraging, and timely summit, this event is ideal for both baby boomers themselves and the businesses that support them. SAVE THE DATE! CLICK HERE TO REGISTER FOR THE EVENT

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