The Top Challenges Faced by Senior Living Operators
Maintaining occupancy rates, improving operations and adjusting to declining reimbursement rates are the top three challenges facing senior living operators, according to results of the 7th Annual Senior Living Survey, conducted by Cleary Gull Advisors, a Milwaukee-based financial advisory firm specializing in not-for-profit providers.
According to industry experts, evolving healthcare technologies are helping providers make progress on all three fronts.
MyVitalz™ Continuum of Care Solutions
MyVitalz™ utilizes mHealth technologies to help Senior Living Operators meet these challenges, regardless of the type of facility under management.
Independent Living (IL)/ In-Home Monitoring
MyVitalz™ helps residents remain in their homes and monitor their health through the use of Bluetooth enabled devices. To monitor their vitals, residents use MyVitalz™ In-Home Monitoring. Each resident spends a few minutes gathering their biometric data with Bluetooth enabled medical monitoring devices. All the data is viewable, by the care team, in near real time on MyVitalz.com.
In a multi-unit setting, the MyVitalz™ Mobile Nurse could be housed in the lobby, café or even mobilized on a cart each day to allow individual biometric readings on multiple residents all sharing the same monitoring devices.
Skilled Nursing Facility (SNF)
MyVitalz™ Mobile Nurse could be used with the resident while in the SNF and in the post-discharge period.
MyVitalz ™ In-Home Monitoring can be used once the resident is moved to another facility or sent home. This customizable kit allows an individual resident to take their own vitals every day. The care team can monitor the resident in near real time on MyVitalz.com.
Continuing Care Retirement Communities (CCRC)/ Assisted Living (AL)
Part independent living, part assisted living and part skilled nursing home, CCRC’s offer a tiered approach to the aging process, accommodating residents’ changing needs. These communities give older adults the option to live in one location for the duration of their life, with much of their future care already figured out. MyVitalz™ can be involved at each step of the way.