ASX-listed company HSC Technology Group says the findings of the Royal Commission into Aged Care released today highlight the need for more innovative and technology-based solutions.

The report’s recommendation of improving the standard of care aligns with the current movement to invest in Telecare and Telehealth platforms.

HSC Managing Director Graham Russell says while the issues identified by the Royal Commission are all important, the two key elements are staffing shortages and lack of transparency.

“The Royal Commission has been a long and much needed process and the two things we recognise are ensuring quality care and how that care is being provided,” says Mr Russell.

“Innovative leaps in technology have put us in a position to kickstart a global change across the industry, with less resources and staff procurement required, but increased accountability.

“Technology is the way forward and enables the delivery of more care services, transparent reporting mechanisms and efficient use of the budget without employing unqualified care staff.

“It is the second set of eyes this understaffed industry sorely needs.

“There is already a range of smart devices, medical-grade wearables, tracking technology and monitoring devices that can be integrated with networks to enhance the way care is being delivered and remedy many of the current issues.

Mr Russell says the technology to create a safer environment for aged care residents already exists and ensures consistent monitoring without being invasive or expensive, in particular Internet of Things (IoT) technology.

“Technology like ours acts like a virtual nurse that can look after around 200 residents in a community, providing medical alarms and proactive alerts versus one person doing the rounds to roughly 25 to 30 people.

“IOT technology is designed to enable proactive care which increases staff productivity, reduces costs and can minimise unnecessary adverse medical situations.

“Basically, it prevents an issue before it becomes a problem through early detection and intervention, enabling care providers to make cost effective and proactive care decisions while also demonstrating transparency and accountability.