Wednesday, November 26, 2008

Here are the latest product-related developments in the eldercare marketplace, from McKnight's



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• THE LATEST BUZZ

Bucking the trend

February 27, 2008

While many economic indicators point to a recession, the opposite appears to be happening in the seniors housing and care sector. In fact, loan volume rose by $20.5 billion in the third quarter alone, according to a new report by the National Investment Center for the Seniors Housing & Care Industry. Pushing the upturn was a 481% increase in skilled nursing facility placements. It remains to be seen how long eldercare will continue to attract funds. But the sector's growing strength offers a sharp contrast to other parts of the nation's economy.
 

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• NEW IN THE MARKET

Taking control

February 27, 2008

Crest Healthcare Supply recently introduced the Remote Call-IR. The resident-friendly device combines a call chord with a television remote. The nurse call button is distinctive both visually and tactilely. The product eliminates a lot of the extra buttons included on universal remotes that can confuse and frustrate residents, according to the firm.
 

Opening move

February 27, 2008

Zibra recently unveiled the "Open It" Universal Package Opener. The product is designed to open all types of product packaging with ease. No more "Wrap Rage" when trying to open items. This tool also offers a box cutting blade that is neatly hidden in the handle with a safety locking feature and a small screwdriver, ideal for getting into battery compartments.
 

Course of action

February 27, 2008

The Erickson School will soon offer a Finance course in late March for eldercare professionals. Participants will benefit from an in-depth analysis of the seniors housing financing process. They will also learn how to apply traditional investment analysis techniques — including valuation, underwriting and risk assessment—to seniors housing and care Further, participants will hear leading healthcare investment firm representatives discuss specific product and analysis techniques for operating leases, bank financing and government sponsored lending For more information, call (443) 543-5646.
 

• NEWSMAKERS

Group effort

February 27, 2008

The American Association of Homes and Services for the Aging will align its group purchasing program with MedAsset Supply Chain system, under a deal announced yesterday. The merger will result in the largest buying group for non-profit organizations in long-term care. The program is free to all AAHSA members.
 

Spending increase predicted

February 27, 2008

The nation will spend more than $4 trillion a year on healthcare services by 2017, the Centers for Medicare and Medicaid Services said Monday. That will account for one of every $5 the nation spends, the federal government projects. Higher prices, higher demand and a growing elderly population will drive the increase.
 

Uplifting news

February 27, 2008

Arjo recently announced the release of two new lifts, and a campaign including the Maxi Twin, a mobile lifter with a unique open, twin mast design, and the Sara Lite, a standing and raising aid. The Maxi Twin has twin masts, which improve stability and weight distribution, while also giving the machine a more contemporary design, according to Arjo.
 

Beds linked to records

February 27, 2008

Hill Rom has teamed up with Cerner Corp. to create beds that are linked to residents' electronic health records, the firms said Monday. The move is expected to improve resident care by making data more integrated, and faster to obtain.
 



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