New Case Study Proves PPPs in the Aging Sector Work!

Cover of New case study on Public Private Partnerships with Aging Sector

New Case Study Proves PPPs in the Aging Sector Work! 

Case study on the Nymbl and DRCOG partnership provides a roadmap into the longevity market for companies looking to succeed in the aging space

By: Katrin Olson, founder of Longevity Colorado

Top 3 Key Points

  1. PPPs in the aging sector work and are needed to meet the needs of Colorado’s rapidly increasing older adult population.
  2. Study highlights barriers to entry for PPPs in the state’s aging space and proposes solutions to overcoming obstacles.
  3. Lessons Learned: Nymbl offers 7 Tips for companies on how to find success in Colorado’s longevity market.

In the spring of 2021, a Public Private Partnership (PPP) was formed between the Denver Regional Council of Governments (DRCOG) and Nymbl Science. DRCOG is responsible for oversight of the Area Agency on Aging (AAA) for five counties in the Denver area, and Nymbl Science is a digital evidence-based health solution that offers strength and balance programs including fall prevention for older adults. The initial partnership ran from February 21st to June 30th, 2021, and has since been extended to December 31st, 2021. The information in this report is from the data collected during the initial part of the collaboration.

Download Case Study

Submit your email to download the Nymbl & DRCOG Case Study.

You will also receive Longevity Colorado's free newsletter.


View & Download
Case Study

 

The newly formed partnership between a government agency and the private sector is a rare example of a digital health collaboration in the longevity market in Colorado. For this reason, Nymbl prepared the following information about its learnings in a case study called, Public Private Partnerships in the Aging Sector.*  The hope is that potential PPPs can benefit from Nymbl's experience and use it as a roadmap to developing partnerships that can positively impact the lives of older adults across the state and beyond.

The case study breaks the findings down into 4 main categories

  1. Proof that Public Private Partnerships in the aging sector work and are needed to meet the needs of Colorado’s rapidly increasing older adult population. While this case study examines digital-based solutions, it supports the idea of including the private sector more broadly.

  2. Validation of the state’s recent legislation, SB 21-290, that provides funding for aging related programs at the state level instead of county-by-county.

  3.  Reduction in barriers to entry that have long prevented the private sector from partnering with the government on aging related ventures.

  4. Roadmap for companies to successfully engage with government organizations in the aging sector, including lessons learned and best practices that have enabled Nymbl to successfully engage the public sector.
How DRCOG was able to Provide Funding for the Nymbl Partnership

Prior to the COVID-19 pandemic, all evidence-based fall prevention training had to be conducted in-person due to the requirement of the Older Americans Act and associated Title III Funding Grants that any implementation have a known cost. The cost of digital implementations, such as downloading software, was unknown, and therefore not permissible. 

Also due to the global pandemic, the Federal Government provided unrestricted funding to DRCOG though the Coronavirus Aid, Relief, and Economic Security, or the CARES Act. This unrestricted funding allowed DRCOG to partner with Nymbl to test digital fall prevention implementations that could be delivered safely during the pandemic.

Governments Need to Foster PPPs to Effectively Address Needs of Aging Population

Governments should be actively working to break down the barriers to entry for digital evidence-based programs along with other members in the private sector who can provide resources and expertise that the government does not have in-house.

As the boomers and the generations that follow head into their later years, cost, scalability, speed (response time), and metrics to verify and improve offerings will become even more critical to governments trying to address the needs of its older adult population.

By fostering PPP, governments are taking a big step in the right direction of creating a sustainable path to providing dynamic services for all older adults, even as their needs and behaviors change.

To learn about barriers, tips on getting into the state’s longevity market, and more, download the case study.

Disclosure Statement:

Katrin Olson, the founder of Longevity Colorado, was contracted by Nymbl to co-author the Nymbl & DRCOG case study.