The January 27 webinar “Increase Seniors Housing NOI & Equity Value with IoT Water-Leak Mitigation Technology,” hosted by Seniors Housing Business and sponsored by Sensor Industries, covered how monitoring systems can cut down on the cost of water, avoid wasting resources and alert staff in case of flooding. In this brief webinar, host David Duckwitz, CEO of Sensor Industries, describes how network-connected toilet and flood sensors measure water activity and deliver actionable insights that cut expenses, increase net operating income (NOI) and mitigate risk. Water inefficiencies, leaks and flooding can significantly drive up …
Operators must streamline, improve hiring and retention processes. By Britt Riese, Oasis It’s no secret that the demand for talent in healthcare is exceptionally high right now and the projected need for workers continues to rise. This historical trend has been amplified by the COVID-19 pandemic. Now that we are almost two years into the pandemic, we are not only trying to keep up with the growing demand of healthcare jobs, we are also competing with increased wages in other industries, safety concerns in healthcare, more flexible work environments and …
DALLAS — OneDay, a Dallas-based technology company that provides video storytelling within senior living communities, has appointed Dan Dionne as vice president of sales and Ryan Gray as director of product management and user experience. OneDay’s team has grown significantly in the past two years, and the company now has 63 team members. In July 2021, OneDay closed its $19 million Series B funding round, and last year, the company expanded its leadership team and moved into 10,000 square feet of office space in the Design District. Dionne oversees OneDay’s …
By Meagan Rohan, Vice President of Sales, Caremerge The senior living industry is dealing with a severe staffing problem. According to a survey by the American Health Care Association (AHCA) released in September 2021, only four percent of assisted living communities are fully staffed. These shortages aren’t just impacting the day-to-day operations of these communities, but the viability of their businesses. The AHCA survey also found that over 60 percent of nursing homes and assisted living communities are concerned staffing shortages will force them to close. I’ve spent my career …
ST. LOUIS — EmpowerMe Wellness, a St. Louis-based integrated healthcare provider to senior living communities, announced that Jim McKelvey, serial entrepreneur and co-founder of Square (NYSE: SQ), has made an investment in the company. McKelvey joins lead investor Hermann Cos., a St. Louis-based holding company owned by the Hermann family and led by CEO Bob Hermann and COO Rick Holton. “EmpowerMe’s mission of improving the lives of seniors by using technology and integration is what led me to invest,” says McKelvey. “Having founded a technology company to serve the underserved …
BEDFORD, N.H. — Single Digits Inc. has named Jerry Grove as vice president and general manager of senior living at the Bedford-based internet technology company. During his 20-year tenure in the senior care industry, Grove has developed leading-edge business strategies. Most recently, he was the senior vice president of sales at Sentrics, where he developed the company’s new 3in1 Managed Services Program. He joined Sentrics upon its acquisition of Esco Technologies LLC. As president and CEO at Esco Technologies, Grove grew the company from six to 75 employees and achieved …
ST. LOUIS, Mo. — David Smith will no longer be involved with day-to-day operations at Sherpa CRM, a St. Louis-based sales enablement platform that he co-founded eight years ago. Prior to co-founding Sherpa, Smith founded One on One: Inspired Senior Sales to offer evidence-based sales training, consulting and coaching to senior living communities across the U.S. and Canada. Smith spent decades studying and refining the senior sales process. He recently shared his approach in the book “It’s About Time: How to Grow Revenue with Prospect-Centered Selling.” In addition to consulting, …
As IoT technology becomes a bigger part of seniors’ lifestyles, property owners look for strategies to match expectations. By Dwight Stewart and Cliff White There’s no question technology will change most everything the industry knows about building and operating senior living spaces. The question is: How fast will it happen? Technology evolution is exponential, and the rapid advancement of lifestyle Internet of Things (IoT) is a great example of how quickly people are willing to incorporate new devices and systems into their lives. Sixty-five percent of Americans now own at …
Balance and efficiency in seniors housing have always been the hardest-to-achieve goals of the post-acute care continuum. Electronic health record (EHR) software, integrated with existing technologies, can both promote consistency and save staff time. Once fully integrated, care platforms can create a cascade effect where purpose-built technologies improve the system of care: easier interfaces improve health records, analyze resident data and predict problems before they happen. Better records and data analytics save staff time and effort, so they can focus on improving care. Applying Technology to Post-Acute Issues Post-acute EHR …
Implementing technology is a tricky proposition for seniors housing operators. Will the return justify the expense? Will staff learn and use the technology? Will residents use it and like it? Perhaps most importantly, will it drive more efficiency and allow fewer employees to do more during a labor crisis? If a purchase is to be worthwhile, the answer to all of those questions should be “yes.” That was the message of panelists on a recent webinar entitled “Rethinking Seniors Housing Resident Engagement — Technology that Improves Staff Efficiencies while Enhancing …