Approximately one in ten Americans aged 60 or older has experienced some form of elder abuse during their lifetime, while older adults collectively lose $28 billion each year to financial fraud. LogicMark Inc., a provider of personal emergency response systems and health communication devices, is addressing this persistent problem through its patented artificial intelligence and game theory technology designed to detect incentive misalignment in caregiving environments. The company's patents focus on identifying situations where the goals of paid caregivers conflict with their clients' best interests, potentially leading to abuse or fraud.
Using AI and machine learning, LogicMark's system analyzes the activities and motivations of all parties involved in elderly care, ensuring alignment with the person's safety and security. The technology first assesses the goals, interests, and behaviors of all individuals in the caregiving arrangement, then uses game theory AI applications to simulate multiple scenarios and detect any misalignments between caregivers, family members, friends, or agencies and the person receiving care. This approach represents a significant advancement in elder protection, moving beyond traditional monitoring to actively identifying and flagging potential mistreatment through behavioral analysis and pattern recognition.
In practical applications, the system can identify and report discrepancies in care provision. For example, if a family hires an agency to provide five hours of daily care starting at 8:00 a.m., but LogicMark's device records that the caregiver arrived late and didn't stay for the full duration, this misalignment of interests would be reported to the family for follow-up with the agency. The technology also monitors financial patterns, such as detecting unusual increases in grocery bills when a family member takes over shopping responsibilities, alerting the family to potential personal purchases or changing preferences that require discussion.
LogicMark has been developing these technologies for nearly 20 years, building on its expertise in personal emergency response systems and care economy solutions. With elder abuse continuing to grow and financial fraud costing the nation tens of billions of dollars annually, such technological interventions address a critical need in the caregiving ecosystem. The original content was published on Benzinga and the press release can be viewed at New Media Wire.
