COMPETITIVE ALTERNATIVES TO SENIOR LIVING
Moderator: Margaret Wylde, PhD President and CEO, ProMatura Group, LLC
Wendi Burkhardt CEO and Co-Founder Silvernest
Colin Marshall President Quadrum Senior Living Management
Danny Stricker President, PostAcute Services Ascension
Rating of Age-Qualified, Service-Enriched Housing Market Real Estate Operations Care Customer Service Overall Satisfaction Individual Lifestyle Creating Home Value for Price Paid 3
Home is #1 Competitor. Home Care supports staying at home. Home Care projected to grow at twice the rate of Age-Qualified, Service-Enriched Communities (AKA “Senior Living�) Attribute Retirement Home Care Communities 2019 2018 Revenue $69.6 bn $99.4 bn 3.6% 2013 to 2018 3.7% 2014 to 2019 Growth 2.8% 2018 to 2023 5.7% 2019 to 2024 Profit $5.4 bn $7.1 bn Businesses 38,722 416,181 Wages $27 bn $ 52.5 bn Source: IBISWorld
Home Care Services
Home Hospice; 23.16%
Home Therapy; 9.47%
Home Maker; 6.32% Home Health; 61.05%
Source: IBISWorld
And so‌. 1. We have become a commodity that competes on features (amenities) and price? 2. Our language is driven by ageism and careism. 3. Would we be wise to explore other models that may be likely to increase market share, sense of satisfaction, and sense of feeling at home.
Sense of Feeling at Home US
25%
UK 43%
62% Own Their Residence
About Silvernest Silvernest is creating the next generation of roommates. Monthly membership includes:
Compatibility-based roommate matching Secure messaging Background checks Rent direct deposit Lease generator Support services And more
PARTNERSHIPS
AVAILABLE NATIONWIDE ESTABLISHED MARKET
NEW MARKET
80,000 REGISTERED USERS
86,000 QUALIFIED MATCHES
Brands:
States:
# of Units::
Total Revenue:
Florida & Texas
700 Units
$38,000,000
About Ascension Post-Acute Services 9,200 Associates
16,000 Individuals cared for daily
5th Largest Notfor Profit senior living provider
95
13 States &
3 PACE
locations
Washington D.C.
programs 3 Adult Day
Nursing Beds
9,000 SNF rehab to home discharges
1,101 Assisted Living Units
1,877 Independent Living Units
8
34 Home Care Agencies
19 Hospice
5 Home Infusion Therapy Agencies
4,465 Skilled
Agencies
Centers Continuing Care Campuses
Our Mission: Rooted in the loving ministry of Jesus as healer, we commit ourselves to serving all persons with special attention to those who are poor and vulnerable. Our Catholic health ministry is dedicated to spirituallycentered holistic care that sustains and improves the health of individuals and communities.