A high level view of my hobnobbing with a great bunch of senior living executives
I confess, I was kind of nervous going into this new event, not knowing exactly what to expect. I met some great people, reconnected with some people and gathered materials for some great new articles. Here is a high level view.
Senior Living Providers (SNF, AL, Memory Care)
- 85 companies
- 225 executives
Senior Living Suppliers (products and services)
- 94 companies
- 215 executives
- 800 one-on-one (between suppliers and providers)
- 235 Speed meetings (see below)
- 52% of the providers were here for the first time
- 32% of the suppliers were here for the first time
- 3 providers had weird jackets
There were 6 contestants for the $10,000 winner-take-all prize. These six start-up companies are all focused on the senior care marketplace.
BAM Labs – The BAM Labs TLC Smart Bed Platform, allows healthcare professionals and caregivers to monitor various resident biometrics while they are in bed, assisting with wound and fall prevention.
Social Code – Social Code provides online patient engagement and behavior change through social connectivity, remote monitoring, mobile intervention and data analytics.
Liberate Medical – Liberate has developed devices to improve the quality and reduce the cost of care for patients who have difficulty weaning from mechanical ventilation and for patients with Chronic Obstructive Pulmonary Disease
Co-Patient – CoPatient audits and appeals medical bills on behalf of individuals and employers on a contingency basis.
Remind Technology – Remind has developed a smartphone based device to dispense medication with the goal of increasing medication adherence.
WalkJoy – Walkjoy was the winner of the competition. They have developed a wearable device that restores gait and balance.
Speed meetings are simply speed dating for business. Senior Living providers remained a stationary position in a large ballroom while suppliers swirled around them having just 6 minutes to tell their story to the providers. The vendor provider pairings were prearranged to maximize everyone’s time. It was a great way for providers to get exposure to new vendors, products or services in a very short period of time. It was a great way for vendors to get in front of new prospects.
Session: Post Acute Winners & Losers
This was a great panel discussion about how payors and hospitals view the long term care world. This panel will generate a full article in the next week or so, but here is the essence.
The readmission penalty problem is forcing hospitals to take a very hard look at their long term care “Partners”. These partners will need to be able to demonstrate that they can work with the hospitals to reduce readmissions and to reduce emergency room visits.
Revolutionary Community Engagement – How Sesame Street can change senior living.
This was a great presentation that addressed the reality that senior living needs a disruptive shift in how design and how programing is done. It also focused on the unique opportunities that multigenerational programs and small towns provide.
It was also a great chance to connect with Senior Housing Forum readers and partners.