Category Archives: Health

What is new in the field of Health. Trending topics, and cutting edge research in the are of Health. Press Releases that give us updates on Health.

Spatially Health Appoints Tom Fluegel to Advisory Board to Foster Advancements and Expansion in Healthcare


“It’s a privilege to have Tom Fluegel join our Advisory Board,” stated Dr. Hillit Meidar-Alfi, the CEO and co-founder of Spatially Health. “Tom’s extensive knowledge of quality improvement and his years of experience will be crucial in shaping the trajectory of Spatially Health and amplifying our influence.”

Tom has held leadership roles in the healthcare industry for more than 25 years. For the past decade, he has served as the Chief Operating Officer for the National Committee for Quality Assurance (NCQA), a non-profit organization driving healthcare quality improvement through accreditation, measurement, and government contracting. Tom leads all aspects of strategic planning, business planning, and operational execution to achieve NCQA’s mission and goals. Prior to NCQA, he served as Chief Operating Officer for a subsidiary of Coventry Health Care.

Previously, he held diverse leadership positions at UnitedHealth Group, including two Vice President posts, Chief Information Officer, and Senior Vice President for Client Operations. He also directed group administration, sales, and account management activities with Cigna, as well as acquisitions, integration, and operations at SafeGuard Health Enterprises. Tom holds a bachelor’s degree in business administration from Washington University in St. Louis and an MBA from the University of Miami.

Spatially Health is growing at a rapid pace. The number of organizations already using the Equity EqualizerTM platform to address SDOH include ACO Health Partners, in Jacksonville, Florida, Asaar Medical, a Boca Raton, Florida-based ACO Reach Organization, Shore Quality Partners, an ACO Reach Organization in New Jersey and ilumed, an Accountable Care Organization REACH, based in Jupiter, Florida.

The platform continues to evolve, helping ACOs gain deeper insights into their patient populations, identify health disparities, and allocate resources effectively to reduce compliance and financial risks and promote health equity. Spatially Health will continue working with its partners to introduce new capabilities and ensure they are fully leveraged to advance health equity.

Spatially Health’s Equity Equalizer™ platform pinpoints specific obstacles to each patient’s health equity and recommends tailored solutions to stimulate patient involvement and boost the effectiveness of healthcare management strategies, culminating in better health results.

About Spatially Health

Founded in 2019, Spatially Health provides intelligent decision support and guidance platforms for risk-based organizations that are focused on improving the quality of health outcomes for vulnerable populations. Spatially Health is a female-founded and female-lead team, founded by Hillit Meidar-Alfi, Ph.D., and Adi Segal. Spatially Health is headquartered in Miami, Florida.

The company’s Equity Equalizer PlatformTM helps risk-based entities lower compliance and financial risks while improving the quality of health outcomes for vulnerable populations. Spatially Health is an SDOH expert whose platform ties SDOH factors to health outcomes and costs. The platform’s proprietary models leverage location intelligence and spatial analytics that go beyond ZIP codes and provide granular patient insights at the hyper-local level. Spatially Health helps identify and quantify SDOH health barriers at the individual level, guiding decision-makers on where and how to allocate resources to maximize positive impact and promote equity. For more information on Spatially Health, visit http://www.SpatiallyHealth.com or connect with Spatially Health on LinkedIn, Twitter, Instagram, and YouTube.

Media Contact

Cessie Cerrato, Cessie C. Communications, 1 7862950493, [email protected], Cessie C. Communications 

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SOURCE Spatially Health



HeardThat Named Best AI Product


As one of five finalists in its category, HeardThat set itself apart with its deep learning-based algorithms that separate speech from noise

VANCOUVER, BC, Sept. 19, 2023 /PRNewswire-PRWeb/ — Singular Hearing, a subsidiary of Singular Software and creator of HeardThat, announced today it received the distinction of Best AI Product in the Health category at the CogX Awards 2023. HeardThat was one of five finalists, and the win affirms its leadership in harnessing AI to the critical and common problem—the reduced ability to hear conversations in noisy places.

The CogX Awards, presented by CogX Live, celebrates outstanding achievements in artificial intelligence and recognizes companies and emerging technologies that have made exceptional contributions to the industry.

HeardThat’s innovative AI-backed app leverages the power of smartphones to separate background noise from speech, delivering effortless conversations to users. The app aims to solve the correlation between hearing loss and social isolation. Without intervention, social isolation and loneliness can have mental and cognitive effects, including increased risks of dementia, heart disease, and stroke, as well as higher rates of depression, anxiety, and suicide, according to the CDC.

The CogX Awards 2023 panel of judges, composed of esteemed thought leaders in AI and technology, recognized HeardThat’s ability to improve the intelligibility of conversations for users, empowering them to re-engage in social settings and other noisy places and reducing the feelings of social isolation.

“We’re thrilled to receive the Best AI Product in Health award from CogX,” said Bruce Sharpe, CEO and creator of HeardThat. “This recognition reinforces our commitment to solving a major issue many of us experience. HeardThat is not just an app; it’s a tool that empowers users to get back into the conversations and enjoy social gatherings with ease.”

“We’re recognizing Singular Hearing, whose groundbreaking app, HeardThat, leverages the power of AI to transform ordinary smartphones into state-of-the-art hearing-assistive devices, ensuring everyone can enjoy crystal clear conversations in bustling environments and stay connected with loved ones. It’s truly a game-changer for conversations in the heart of noise,” said the CogX Awards judging panel.

For more information, please visit heardthat.ai.

About Singular Hearing
Singular Hearing is a subsidiary of Singular Software. Founder and CEO Bruce Sharpe and his team of AI experts have extensive experience in audio technology and a deep passion for finding effective solutions to everyday problems. They leverage machine learning and speech processing to create innovative products that help people live better by hearing better.

Singular Hearing is the creator of HeardThat, an award-winning innovative app that turns smartphones into sophisticated hearing-assistive devices. HeardThat helps those with hearing challenges by delivering clear speech in noisy environments.

HeardThat was named the Best AI Product in Health at the CogX Awards 2023. It was named runner-up at the AGE-WELL National Impact Challenge 2022. The app also won the What’s Next Innovation Challenge Sponsored by AARP Innovation Labs at the 17th Annual What’s Next Longevity Venture Summit and was named the first runner-up in the What’s Next Business Plan Competition at the 17th What’s Next Longevity Venture Summit. For more information, please visit heardthat.ai.

Media Contact

Kim Peterson, Singular Hearing, (720) 316-4517, [email protected], https://heardthat.ai 

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Emerging Growth Markets in Asia, Latin America, and the Middle East


A growing number of nations in Southeast Asia—including Malaysia, Thailand, Cambodia, and Indonesia—now offer basic medical coverage to their citizens. This trend is leading to fast expanding demand for medical devices, drugs, and diagnostic test kits and reagents, benefiting Western companies marketing their products in the region. These countries will boast higher growth than the world market.

Mexico’s IVD market is worth about $743 million in 2023, and with 3.6% compound annual growth rate (CAGR) the market will reach $886 million in 2028. Growth is supported by continued acceptance of advanced equipment and growing distribution channels. Segments with strong demand include immunoassays, microbiology and histology/cytology.

Saudi Arabia is another emerging IVD player. Trends in the sales of these products will reflect procedures provided by 557 hospitals, 98,400 physicians, and 9,800 clinical laboratories. Driving the IVD market in Saudi Arabia included 4.9 million hospital admissions, 18.3 million inpatient days, 5.4 million surgical procedures, and 188 million outpatient episodes. Health and living standards in Saudi Arabia are very good. About 85% of the population has ready access to medical providers. The market for diagnostics in Saudi Arabia is estimated at $591 million in 2023 and is expected to grow 5.9% annually to $789 million by 2028.

For more information, purchase “The Worldwide Market for In Vitro Diagnostics” here.

About “The Worldwide Market for In Vitro Diagnostics”

This report, The Worldwide Market for In Vitro Diagnostics, now in its 16th Edition, details IVD activity on a global scope. The report looks at the entirety of the in vitro diagnostic market and makes forecasts, accesses trends, and scrutinizes vendor activities.

The report discusses tests and technologies that are currently available and those that are expected to take their place. Generally, current products and technologies establish the standard of care and its value to payers. Meanwhile, market analysis in this report covers world markets for in vitro diagnostics, with an emphasis on the developed areas of the globe—North America, Japan and Western Europe.

The report also covers more than twenty core market segments, including:

  •     Blood Bank Molecular
  •     Blood Bank Screening
  •     Blood Grouping/Typing
  •     Circulating Tumor Cells
  •     Clinical Chemistry
  •     Coagulation
  •     Continuous Glucose
  •     COVID-19
  •     D-dimer
  •     Drugs of Abuse
  •     HbA1c Immunoassays, Lab-Based
  •     Hematology
  •     Histology/Cytology
  •     HPV, molecular
  •     Immunoassays, Infectious Disease
  •     Immunoassays, Other
  •     Mass Spectrometry
  •     Microbiology (ID/AST)
  •     Molecular Microbiology
  •     Nucleic Acid Assays
  •     POC Professional
  •     POC, OTC diabetes
  •     POC, OTC Other

Why Kalorama Information?

Kalorama Information, part of Science and Medicine Group, is the leading publisher of market research in healthcare areas, including in vitro diagnostics (IVD), biotechnology, medical devices, and pharmaceuticals. Kalorama Information produces dozens of reports a year. The firm offers a Knowledge Center, which provides access to all published reports.

Kalorama Information’s studies feature independent primary research conducted by experienced analysts. Researchers build their market analysis independently from published databases, validating data with inside industry contacts and extensive secondary research, so you can have confidence that you’re getting your information from the most trusted source in the industry!

Media Contact

Daniel Granderson, Kalorama Information, a Science and Medicine Group Company, 703-778-3080, [email protected], https://kaloramainformation.com/

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Physicians to Receive World’s Oldest Holistic Mind/Body Medicine In a Modern, Clinically-Proven Curriculum That Reduces Burnout and Stress and Increases Compassion


According to conference director Perlmutter, “Although it is the goal of human beings to be physically healthy, emotionally mature and spiritually awakened, most people, including modern healthcare providers, lack knowledge of how to attain this worthwhile goal. Understanding this dilemma, I have spent most of the past 50 years of my life studying, experimenting with, and interpreting the ancient teachings of the world’s most knowledgeable Yoga Science and Yoga Psychology medical sages. Now that the benefit of my endeavors has been clinically proven to reduce burnout and stress while increasing compassion, I will share my conclusions at this year’s AMI physicians conference. By learning to apply my curriculum, physicians will know through their own personal experience that holistic health is more than physical fitness and mental stability. Each attendee will receive a complete set of practical tools that reduce physician burnout and stress, enhance problem solving capacities, and nurture a healthier life-work balance. And when they leave this year’s conference, they will know how to take care of the body, regulate the breath, control the emotions and coordinate the 4 functions of the mind so they can rediscover their inner source of physical well-being and emotional contentment, and deepen their love of medicine and life.”

In December of 2022, “Lifestyle Medicine,” the premier international publication of applied lifestyle medicine, published the results of a five-year, peer-reviewed clinical study to evaluate the efficacy of Leonard Perlmutter’s annual Physician Conference curriculum. The findings included the following groundbreaking, life-enhancing, health-promoting changes: Burnout was reduced 23.3%, Secondary Traumatic Stress was reduced 19.9%, and Compassion Satisfaction was increased by 11.2%.

The dedication, enthusiasm, and teaching methodology of the entire AMI faculty create a dynamic and interactive experience for their students. Each faculty member is committed to the advancement and training of Yoga Science as Holistic Mind/Body Medicine. Lecture topics will include AMI Meditation, diaphragmatic breathing, easy-gentle yoga, Yoga psychology, epigenetics and neuroplasticity, resilience, how to use the chakra system as a diagnostic tool, mind function optimization, principles of Ayurveda, plant-based nutrition, and lymph system detoxification. In addition to AMI founder and curriculum developer Leonard Perlmutter, other presenters include: Mark Pettus MD, board certified internist and nephrologist and Director of Medical Education and Population Health of Berkshire Health Systems; Kristin Kaelber MD, PhD, board certified in Internal Medicine and Pediatrics; Renee Rodriguez-Goodemote, MD, Medical Director of the Saratoga Hospital Community Health Center; Anthony Santilli MD, board certified in Pulmonary and Critical Care Medicine; Jesse Ritvo MD, Assistant Medical Director, Inpatient Psychiatry, University of Vermont Health Center; Joshua Zamer, MD, Medical Director for Addiction Medicine at Saratoga Hospital Community Health Center and Chairman of the Department of Family Practice; Jenness Cortez Perlmutter, co-founder and faculty member of The American Meditation Institute; Anita Burock-Stotts, MD, board certified in Internal Medicine; Janine Pardo MD, board certified in Internal Medicine, and Gustavo Grodnitzky PhD, Chair of the AMI Psychological Education Committee.

According to conference alumnus Kelly Herron MD, in Obstetrics and Gynecology, “This program has been very illuminating for me at this point in my life. It has provided me with a tremendous number of tools to apply in various relationships. I now have an ongoing practice of how to live my life free of obstacles, and am more able to love my family, friends, patients and myself.”

About the American Meditation Institute
The American Meditation Institute is a 501(c)3 non-profit educational organization devoted to the teaching and practice of Yoga Science, meditation and its allied disciplines as Mind/Body medicine. In its holistic approach to wellness, AMI combines the healing arts of the East with the practicality of modern Western medical science. The American Meditation Institute offers a wide variety of courses, conferences and webinars. AMI also publishes “Transformation” a bi-monthly journal of Yoga Science as Holistic Mind/Body Medicine.

Call 518.674.8714 for interviews and an email subscription.

Media Contact:
Robert Washington
PO Box 430
Averill Park, NY 12018
Tel: 518.674.8714
Fax: 518.674.8714

Media Contact

Robert Washington, American Meditation Institute, 5186748714, [email protected], AmericanMeditation.org

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Boulder iQ Names Jeremy Anderson Director of Business Development


Most recently, Anderson worked at ERIGroup, Inc. in Golden, Colorado, where he held positions including director of operations, product development and program delivery. He also served as an engineering manager and mechanical engineer at the company. Previously, he was a staff scientist and engineer with Neumann Systems Group, Inc., in Colorado Springs.

Anderson holds a Bachelor of Science from the University of Colorado at Colorado Springs. He holds a patent in the indirect and direct method of sequestering contaminates.

“Jeremy’s in-depth knowledge of the full product development process for medical device companies, coupled with his engineering expertise and business acumen, will help us align our services with developers’ needs,” says Jim Kasic, chairman and founder of Boulder iQ and its Boulder Sterilization division. “With demand for Boulder iQ’s medical device product development and sterilization services at an all-time high, Jeremy will be invaluable in expanding our business in a strategic, effective manner.”

Boulder iQ (http://www.boulderiq.com)
Boulder iQ is an expert contract firm that provides life sciences companies all the services they need to bring products to market. With specialties in regulatory affairs, quality assurance, design, engineering and manufacturing, the company’s single-source program speeds product development. The Boulder Sterilization division provides quick-turn ethylene oxide and chlorine dioxide sterilization, final assembly and packaging services.

Based in Boulder, Colorado, Boulder iQ is ISO 13485:2016 certified through Boulder BioMed. The company’s Boulder Medical Device Accelerator provides equity investment in start-up companies seeking product development services, expert mentoring and infrastructure support.

Media Contact

Aimee Bennett, Fagan Business Communications, 3038439840, aimee@faganbusinesscommunications.com

SOURCE Boulder iQ

iuvo BioScience Expands Preclinical Testing Expertise With Formulation Development and Testing Services


Specifically, the iuvo formulation services laboratory team can provide formulation development and testing, encapsulation services, drug delivery system development, pharmaceutical analysis, formulation screening and more.

“Our scientific team has considerable experience designing and developing drug formulations to enhance efficacy and minimize side-effects of therapeutically active compounds,” said Ben Burton, President and CEO at iuvo BioScience. “We can support design, development and characterization of solid, semisolid, and liquid dosage forms. From tablets and capsules, to gels, creams, patches, solutions, suspensions and emulsions, we have the expertise to translate basic scientific concepts into therapeutic applications – including dosing formulations in animal models via appropriate routes of administration.”

As part of this expanded offering, iuvo offers a customized formulation screening strategy that allows the evaluation of preclinical formulations for scientific stability, in vivo pharmacokinetic properties, as well as screening for potential toxicologic effects. This enables iuvo to meet the goals of our clients for optimizing pharmacokinetic parameters, improving bioavailability, and mitigating risks before progressing into further development.

As part of a suite of pre-clinical testing services, iuvo has the capability to do regulated testing including registration stability, extractable / leachable evaluation as well as GLP and GMP testing. Additionally, iuvo can address specific clinical formulation needs providing continuity in the development program and, most importantly, helping to accelerate product development timelines.

From optimizing lipid nanoparticles, to delivering mRNA more effectively and preparing gels that improve transdermal delivery of APIs, the iuvo team offers a wide range of scientific experience that can be used to help you develop a drug delivery strategy that works best for your product.

“The introduction of formulation development and testing provides a valuable scientific offering that supports a critical need of today’s pharmaceutical companies.” said Sanjeev Ganatra, Chief Commercial Officer of iuvo BioScience. “Whether they are in the early stages of non-clinical research, progressing into GLP pre-clinical toxicology studies, or ready to proceed to clinical testing, our scientists at iuvo BioScience have the experience and expertise to support any stage of pharmaceutical formulation development,” Ganatra continued.

For more information about iuvo BioScience and its expanded preclinical services portfolio – Formulation Development and Testing Services – visit our website at www.iuvobioscience.com or call 1-800-836-4850.

About iuvo BioScience

Headquartered in Rochester, NY, iuvo BioScience is a highly specialized provider of preclinical, clinical, and consulting services to biotech and medical device customers. The company’s facility features laboratories for analytical chemistry, microbiology, pharmacology, and toxicology, as well as an on-site AAALAC-accredited vivarium to support preclinical testing. Through the company’s Oculos Clinical Research subsidiary, iuvo provides a suite of clinical trial services including clinical trial design, regulatory, biometrics, pharmacovigilance, project and site management. Under the Lumino Advisors brand, the company also has an end-to-end scientific consulting offering spanning from regulatory strategy, dossier development, preclinical and CMC consulting and strategic planning through trial execution and regulatory submission. Additional information about iuvo is available at www.iuvobioscience.com. Follow us on LinkedIn.

About Ampersand Capital Partners

Founded in 1988, Ampersand is a middle market private equity firm with more than $3 billion of assets under management dedicated to growth-oriented investments in the healthcare sector. With offices in Boston, MA and Amsterdam, Netherlands, Ampersand leverages a unique blend of private equity and operating experience to build value and drive superior long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of the firm’s core healthcare sectors. For additional information, visit www.ampersandcapital.com or follow us on LinkedIn.

Media Contact

Ben Burton, iuvo BioScience, 1 585-260-0724, [email protected], www.iuvobioscience.com

SOURCE iuvo BioScience

Dr. Rod J. Rohrich Earns Top Rankings in Newsweek Feature Identifying Best Plastic Surgeons in the United States


The ranked lists were curated as the result of an independent, nationwide survey conducted over March and April of 2023, which queried more than 2,000 industry experts ranging from physicians, plastic surgeons, plastic surgery clinic managers, and health care professionals working in plastic surgery. Based on the results of this survey, a score was calculated for each of the candidate surgeons based on the number of recommendations, a quality assessment, and relevant certifications and background of the candidates.

The results were then compiled and the top 30 plastic surgeons from each category were ranked and listed by their scores, with the remaining candidates being listed alphabetically. Over 8,400 were collected, reviewed, and analyzed to help produce the score for each procedure.

When the final figures were calculated, Dr. Rohrich was ranked at number 1 for rhinoplasty surgery, number 1 for facelift surgery, number 1 for eye lift surgery, which is frequently a component of a facelift, and number 1 for liposuction. Additionally, Dr. Rohrich also ranked number 3 for breast augmentation, the most popular cosmetic surgery procedure in the United States.

A longstanding advocate for promoting both patient safety and excellent outcomes, Dr. Rohrich believes these types of independent, peer nominated awards can serve as valuable resources for helping patients seeking highly qualified surgeons and stressing the importance of maintaining high standards of patient care.

“The most important factor in all of plastic surgery, the one which determines your safety and outcome, is who you select as your surgeon,” says Dr. Rohrich, who attributes his high rankings on the list to his lifelong dedication to innovations in plastic surgery and extensive commitments as a teacher and educator. Dr. Rohrich is often invited to plastic surgery programs and training courses nationally and internationally to teach and demonstrate how to achieve safe and consistent outcomes in plastic surgery.

“I’m honored and humbled to have been recognized by my peers in this extensive and thorough analysis performed by Newsweek,” says Dr. Rohrich, who also ranked as number 1 for rhinoplasty and facelifts in Newsweek’s 2021 and 2022 features. “In plastic surgery it’s not enough to be consistent, you must be consistently exceptional.”

About Rod J. Rohrich, M.D., F.A.C.S.

Dr. Rod J. Rohrich is a board certified plastic surgeon in Dallas, Texas. He was named the top plastic surgeon in America by Newsweek in both rhinoplasty and facelift surgery in 2021, 2022 and 2023. Dr. Rohrich is a Clinical Professor of Plastic Surgery at Baylor College of Medicine. He was the first Chair of the Department of Plastic Surgery as well as the first plastic surgeon selected as a Distinguished Teaching Professor at UT Southwestern Medical Center. He graduated from Baylor College of Medicine with high honors and completed his plastic surgery training at the University of Michigan Medical Center and fellowships at Massachusetts General Hospital/Harvard (hand/microsurgery) and Oxford University (pediatric plastic surgery). He is Chair of the Dallas Rhinoplasty Meeting, Founding Chair of the Dallas Cosmetic Surgery and Medicine Meeting, Founding Member of the Alliance in Reconstructive Surgery, and a Founding Partner of the Dallas Plastic Surgery Institute.

He is the immediate past (after serving for 18 years) Editor-in-Chief of the most respected global peer reviewed plastic surgery journal – the Plastic and Reconstructive Surgery Journal. He is Founding Editor-in-Chief/Editor Emeritus of the first open access peer reviewed plastic surgery journal, PRS Global Open. Dr. Rohrich has published over 1000 peer reviewed articles and seven textbooks in plastic surgery including a best-selling medical book entitled The Facial Danger Zones. Dr. Rohrich recently published an innovative cosmetic surgery video atlas, Cosmetic Surgery by the Masters.

Dr. Rohrich also served as president of the American Society of Plastic Surgeons (ASPS), the largest organization of board certified plastic surgeons in the world. He repeatedly has been selected by his peers as one of America’s best doctors. He received the ASPS Special Achievement Award and on three occasions has received one of his profession’s highest honors, the Plastic Surgery Foundation (PSF) Distinguished Service Award, which recognizes his contributions to education in plastic surgery. In addition, he has also been recognized by the PSF with the Plastic Surgery Foundation Distinguished Career Researcher Award for his contributions to plastic surgery research and innovations. He is also the recipient of the ASPS 2022 Honorary Citation.

Media Contact

Rod J. Rohrich, MD, Dallas Plastic Surgery Institute, (214) 821-9114, [email protected], https://drrohrich.com/

SOURCE Dallas Plastic Surgery Institute

Americans Underestimate the Impact of Health in Retirement Planning; Advisors Prioritize Protected Income When Addressing Peak 65 Challenges


The fourth chapter of the multi-part study, Growing Health-related Concerns in Retirement, examines the connections between physical, cognitive and financial health as consumers prepare for and live in retirement.

This chapter also offers recommendations for financial professionals, consumers and caregivers to help ensure people have the financial resources and income needed to cover healthcare costs, long-term care needs and other health-related expenses in retirement. It also notes relevant third-party research on the confluence of aging and health, elder care, and finances.

“It is incredibly hard for people to wrap their heads around what could happen to their health 10, 20 or more years into retirement,” said Jean Statler, CEO of the Alliance for Lifetime Income. “From cognitive decline to medical emergencies, we can all benefit from putting our financial decision-making on autopilot as much as possible. One of the best ways to do that is to ensure at least part of our retirement income is protected with an annuity to supplement Social Security. Knowing you’ll always have those two monthly paychecks to cover basic expenses for life can give people tremendous peace of mind when planning for healthcare costs as we age.”

According to the National Council on Aging, a 65-year-old today can expect to live at least another 20 years. Unfortunately, nearly 95% of people 65 or older suffer from at least one chronic condition, like heart disease, diabetes, arthritis and Alzheimer’s.

However, the 2023 PRIP study notes that while many Americans are more concerned about health and want to better understand the healthcare process as they age, they often underestimate the impacts these health challenges will have on their finances and retirement planning.

Other key findings from the PRIP study include the following:

  • 53% of consumers ages 45 to 75 say health is on their mind more than money, but only 33% say health was more on their mind than money five years ago.
  • 84% of consumers who currently work do not expect health reasons to be in their top three reasons for retiring, but 38% of retired Americans ages 45 to 75 say health reasons for self or a loved one was a top three reason why they retired.
  • 31% of non-retired consumers who still work recognize a moderate or high risk of needing to retire early; however, 53% of consumers retired due to circumstances beyond their control, including health concerns for themselves or a loved one.
  • 34% say a focus on healthy living is one of their top retirement “bucket list” items, but only 17% of financial professionals recognize this topic is on their clients’ bucket lists.
  • 51% of financial professionals report that more clients are asking questions about healthcare, Medicare and long-term care.

Financial Advisors Look to Protected Income When Addressing Peak 65 Health Challenges

Recent papers by ALI and the Federal Reserve indicate the peak age of financial decision-making occurs at around age 53, and according to a U.S. Senate Special Committee on Aging report, there is a sharp decline in financial literacy among Americans starting around the age of 75.

Yet, many financial professionals do not engage their clients in conversations around cognitive decline, according to the 2023 PRIP study. However, those who do discuss cognitive decline also look to protected income to support the unique challenges of Peak 65ers.

Other key findings from Growing Health-related Concerns in Retirement include the following:

  • Only 8% of soon-to-be-retired or retired consumers who work with a financial professional say their financial professional regularly talks with them about the possibility of cognitive decline, while 25% of financial professionals say the same.
  • 88% of financial professionals who discuss cognitive decline with clients recognize the importance of protected income.
  • 54% of all financial professionals (and 62% of financial professionals who discuss cognitive decline with clients) believe their clients could spend more money if they add an annuity to their retirement plan.
  • 97% of consumers say having guaranteed lifetime income in addition to Social Security in retirement is valuable, but only 43% between ages 45 to 75 have protected income through a pension or annuity.

“Financial professionals should discuss health, including cognitive decline, and the important role that protected income can play to help manage the various health-related risks Peak 65ers could face in retirement,” said Statler. “Start these conversations now to protect your clients and their families. Research shows that it’s not just the right thing to do for your clients and their families, but can also build trust and long-term relationships with them.”

Neurosurgeon, CNN chief medical correspondent and best-selling author Dr. Sanjay Gupta appeared recently on ALI’s Protected Income TV Your Money Map Show with Jean Chatzky, Education Fellow at the Alliance’s Retirement Income Institute, and Founder and CEO of HerMoney.com to discuss ways to protect brain health and keep sharp in aging.

“Most of our brain health is within our control and is largely tied to how we live our lives,” said Gupta. “We can continue to grow new brain cells at any age. Movement, diet and rest can make a huge difference in reducing the likelihood of developing neurogenerative diseases,” said Gupta.

The 2023 PRIP was conducted among 2,507 American consumers ages 45 to 75, of which 507 are an oversample of Peak 65 consumers, ages 61 to 65, for a total of 845 Peak 65 consumers. Additionally, the study includes 519 financial professionals who conduct retirement planning for individual clients.

For more information on the 2023 PRIP, visit protectedincome.org.

ABOUT THE SURVEY

The 2023 Protected Retirement Income and Planning study was created by the Alliance for Lifetime Income and CANNEX. It was conducted online by Artemis Strategy Group in February and March 2023 among 2,507 American Consumers, of which 507 are an oversample of Peak 65 consumers, ages 61 to 65, for a total of 845 Peak 65 consumers. The study also includes 519 financial professionals who conduct retirement planning for individual clients.

ABOUT THE ALLIANCE FOR LIFETIME INCOME

The Alliance for Lifetime Income is a non-profit 501(c)(6) educational organization based in Washington, D.C., that creates awareness and educates Americans about the value and importance of having protected lifetime income in retirement. Our vision is for a country where no American has to face the prospect of running out of money in retirement. The Alliance provides consumers and financial professionals with educational resources, interactive tools, and actionable research and insights to use in building retirement income strategies and plans. We believe annuities – one of only three sources of protected lifetime income – can be an important part of the solution for retirement security in America.

ABOUT CANNEX

CANNEX Financial Exchanges Ltd. supports the exchange of pricing and data for annuities and bank products, including term deposits and guaranteed interest contracts (GICs). The firm’s data gives financial institutions the ability to evaluate and compare various guarantees associated with savings and retirement products. For more information about CANNEX, visit www.cannex.com.

Media Contact

Jacqulyn Priestly, Alliance for Lifetime Income, 1 202-251-9703, [email protected]https://www.protectedincome.org 

SOURCE Alliance for Lifetime Income

National University SVP and Associate General Counsel Pablo Fabian selected by HACU as a Fellow in the Fifth Cohort of National Leadership Program


Pablo Fabian, J.D., joined NU seven years ago and serves as in-house counsel, providing guidance and support on matters ranging from regulatory policy review and development, to employment law and compliance. Fabian also gives updates and legal guidance to the Board of Trustees. He reports directly to the president. Before joining NU, Fabian was a shareholder at a general litigation firm, where he handled business litigation and labor law, as well as serving as corporate counsel to several business clients.

Fabian is a member of the California State Bar, the San Diego County Bar Association, American Bar Association, Association of Corporate Counsel, National Association of College and University Attorneys, and the Honorable William B. Enright Inn of Court in San Diego. Fabian completed his bachelor’s degree at San Diego State University and received a Juris Doctor from Thomas Jefferson School of Law.

La Academia was created in 2019 to address the declining percentage of Hispanic University presidents and prepares future leaders who aspire to serve in higher-level positions in Hispanic-Serving Institutions and emerging HSIs. Fellows participate in three-week seminars integrated with HACU’s highly regarded conferences. The first seminar will precede the 37th Annual Conference in Chicago, Illinois, in October 2023. The second seminar will lead to HACU’s 29th Annual Capitol Forum on Hispanic Higher Education in Washington, D.C., in April 2024. The third seminar will be held prior to the 14th International Conference in Salamanca, Spain, in June 2024.

In addition to the seminars, fellows will have the opportunity to network and learn from nationally recognized executives in higher education, with more than 100 years of combined experience, who serve as faculty members in the program. An invaluable part of the program includes mentorship with a university president or other high-level executives. The program culminates in the implementation of a special project meant to have an impact on the fellow’s current institution.

“I’m very honored to have been selected to participate as a fellow in this highly regarded national leadership program,” Fabian said. “I look forward to this opportunity to network with and learn from this exceptional cohort of Hispanic leaders as we work toward advancing diversity in higher education.”

About National University: National University, a veteran-founded nonprofit, has been dedicated to meeting the needs of hard-working adults by providing accessible, affordable higher education opportunities since 1971. As one of the nation’s largest private nonprofit universities, NU offers over 190+ online and on-campus programs and flexible four-week and eight-week classes designed to help students reach their goals while balancing busy lives. Since its founding, the NU community has grown to 40,000 students and 220,000 alumni around the globe, many of whom serve in helping industries such as business, education, health care, cybersecurity, and law and criminal justice. To learn more about National University’s new possibilities in education including next-generation education, credential-rich education, and whole human education, visit NU.edu.

About The Hispanic Association of Colleges and Universities: The Hispanic Association of Colleges and Universities, founded in 1986, represents more than 500 colleges and universities in the United States, Latin America, Spain, and school districts throughout the U.S. HACU is the only national association representing existing and emerging Hispanic-Serving Institutions (HSIs). To learn more visit HACU.

Media Contact

Ashleigh Webb, National University, (760) 889-3494, [email protected], https://www.nu.edu/ 

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SOURCE National University