SAN DIEGO—“Frailty in old age is a risk we will all face.” That is according to Anne Tumlinson, founder of Anne Tumlinson Innovations LLC. “Half of adults that are age 65-plus will need a high level of care at some point.”
Tumlinson, who served as a moderator of the general session on Thursday at the NIC Spring Investment Forum, said that families seek relief from a coordination role. “We are at the headwind of change.”
She explained that VC and PE funding is flowing into organizations that 'enable management' adding that “they are really getting it. Future returns in senior care depends on creating value.”
Panelist Lynne S. Katzmann, founder and president of Juniper Communities, stressed that one of the things at her company that is critical and “non-negotiable” when dealing with seniors is having “high-tech.” She added that “you don't have to use all the bells and whistles and adopt all the technology, but you need electronic health records and you have to make it work. It is what needs to happen.”
But another non-negotiable, she pointed out, is to have “a human navigator” who brings everything together—a “medical concierge.” That person, Katzmann said, organizes the providers, and makes sure they communicate via an electronic platform. “They are the human face and we can deinstitutionalize the experience of medical care.”
Kelsey Mellard, head of health system integration at Honor, said that her firm starts with focusing on the skilled care professional and elevate this workforce as a whole. “We empower them with workflow strategies. We focus on creating a better work experience so that the outcome is what we expect today. We also focus on including families.”
Like Katzmann, Mellard focuses on technology. “Technology creates connectivity. We are matching care pros appropriately with families. We are creating real-time billing and connectivity.” She added that connectivity in the community is also key. “There is great opportunity to think more strategically.” What are the fundamental determinates of health? It starts from opening someone's fridge, said Katzmann.
As for what has attracted investors to San Francisco-based Honor, Katzmann said the thesis is around it is a two-sided market. “In home care, it is a focalized industry, there is no basic technology.” From an investment standpoint, she added, “they are bullish about the population size and about the opportunity to diversity the payment landscape.”
Dexter Braff, president of the Braff Group, is also seeing a lot of private equity investment come into the space. “It is really exploded and ramping up. We began to see private equity really engage in homecare after the affordable care act.”
He explained that “Money has flowed into the space in order to come up with some of the things that Kelsey was talking about. There is investment in technology also coming on board.”
Check back with GlobeSt.com for more from the NIC event.
SAN DIEGO—“Frailty in old age is a risk we will all face.” That is according to Anne Tumlinson, founder of Anne Tumlinson Innovations LLC. “Half of adults that are age 65-plus will need a high level of care at some point.”
Tumlinson, who served as a moderator of the general session on Thursday at the NIC Spring Investment Forum, said that families seek relief from a coordination role. “We are at the headwind of change.”
She explained that VC and PE funding is flowing into organizations that 'enable management' adding that “they are really getting it. Future returns in senior care depends on creating value.”
Panelist Lynne S. Katzmann, founder and president of Juniper Communities, stressed that one of the things at her company that is critical and “non-negotiable” when dealing with seniors is having “high-tech.” She added that “you don't have to use all the bells and whistles and adopt all the technology, but you need electronic health records and you have to make it work. It is what needs to happen.”
But another non-negotiable, she pointed out, is to have “a human navigator” who brings everything together—a “medical concierge.” That person, Katzmann said, organizes the providers, and makes sure they communicate via an electronic platform. “They are the human face and we can deinstitutionalize the experience of medical care.”
Kelsey Mellard, head of health system integration at Honor, said that her firm starts with focusing on the skilled care professional and elevate this workforce as a whole. “We empower them with workflow strategies. We focus on creating a better work experience so that the outcome is what we expect today. We also focus on including families.”
Like Katzmann, Mellard focuses on technology. “Technology creates connectivity. We are matching care pros appropriately with families. We are creating real-time billing and connectivity.” She added that connectivity in the community is also key. “There is great opportunity to think more strategically.” What are the fundamental determinates of health? It starts from opening someone's fridge, said Katzmann.
As for what has attracted investors to San Francisco-based Honor, Katzmann said the thesis is around it is a two-sided market. “In home care, it is a focalized industry, there is no basic technology.” From an investment standpoint, she added, “they are bullish about the population size and about the opportunity to diversity the payment landscape.”
Dexter Braff, president of the Braff Group, is also seeing a lot of private equity investment come into the space. “It is really exploded and ramping up. We began to see private equity really engage in homecare after the affordable care act.”
He explained that “Money has flowed into the space in order to come up with some of the things that Kelsey was talking about. There is investment in technology also coming on board.”
Check back with GlobeSt.com for more from the NIC event.
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Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
