What You Should Know: K4Connect, a Raleigh, NC-based mission-centered healthtech company and provider of enterprise operations tech for the senior living communities raises $8.9M in funding co-led by Bryce Catalyst and AXA Venture Partners, with continued support from existing investors, including Intel Capital, Forté Ventures, Topmark Partners, and the Ziegler-Linkage Fund.This latest round brings the company’s total funding raised to $39M and will be used to drive further adoption in
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Senior Care
Age Tech: Supporting Better Patient Outcomes in Senior Care
Your grandparent has arthritis in their knees, which can make it difficult for them to walk around their home. What if they had access to robot limbs to help them move around more independently without experiencing pain? Your parent has been diagnosed with a heart condition, and your entire family is constantly worried about their health. What if a device worn on their wrist could monitor their vitals all day, alerting you and their caregivers of anything concerning? Your grandparent has been
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The Continuing Rise of AI in the Healthcare Sector in 2023
The announcement in September 2022 that the health tech company Iodine Software was entering into a partnership with the software platform TruCode “to upend clinical administration using artificial intelligence” serves as one of the more recent reminders of AI’s considerable impact on the healthcare sector. Certainly, it will be felt not just in the administrative realm, but also in the clinical and operational aspects as well. And given the challenges presented by a rapidly aging population,
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We’re Feeling the Effects of the Nursing Shortage. Health Tech Can Help
The healthcare industry is in desperate need of nurses — and fast. Chances are this isn't news to you. You've seen the countless headlines covering the impact the pandemic has had on nurses, and how that nursing shortage has impacted employment numbers, healthcare facilities, and patient care. Nurses are burnt out. They're stressed, exhausted, and struggling to find adequate mental health support. But the pandemic isn't the only issue to blame. Experts are predicting that over 1 million RNs
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5 Proven Strategies to Increase Employee Retention And Reduce Operational Costs In Senior Living
Staffing turnover in senior care has reached an all-time high at an annual rate of 48.5% among all employees and 68.1% among resident assistants and personal care aides. At a sunk cost of roughly $2,200 per employee, staff turnover is expensive and results in lower resident satisfaction, quality of care and occupancy. Staff leave for a myriad of reasons, but what if a few simple changes could transform the trajectory of your organization? Luckily there are proven strategies to increase staff
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Digital Senior Care Navigator Fair Square Medicare Raises $15M
What You Should Know: - Digital senior care navigator Fair Square Medicare raises 15M in series A funding led by Define Ventures. The company, which is a YCombinator alum, has raised $19M to date. - With 10,000 people turning 65 every day, Fair Square Medicare helps seniors find the right Medicare coverage regardless of commission, and is building a full-service digital healthcare assistance platform for seniors. Care Navigator for Seniors Launched in 2020 out of YC, Fair Square
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Curana & Innovaccer Partner to Improve Outcomes for Senior Living Communities
What You Should Know: - Today, Innovaccer Inc., the Health Cloud company, announced that Curana Health is partnering with Innovaccer to build a leading edge value-based care solution to support delivery of exceptional care quality at the lowest possible cost for one of healthcare’s highest risk populations: residents in senior living communities across the country. - Together, Curana Health and Innovaccer will build an industry-leading value-based-care toolkit using the Innovaccer Health
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Serenity Engage Integrates with Amazon Alexa Senior Living
What You Should Know: - Serenity Engage announces new, innovative technology integrated with Amazon's Senior Living solution from Alexa Smart Properties. - By marrying Amazon's Alexa voice AI and video technology with Serenity's platform, Serenity's custom Alexa deployment serve as a personalized, digital concierge - bringing simplicity and connection to an otherwise complex, siloed system. Bringing Simplicity to the Complex Senior Care Ecosystem Senior care providers and
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How Digitizing HR Operations Alleviates Burnout & Increases Retention in Healthcare
Human resources (HR) leaders in healthcare are facing an uphill battle with the Great Resignation heavily impacting staffing levels across organizations of all sizes. The healthcare sector has been among the hardest-hit industries by the Great Resignation due to the increased pressure and burnout among frontline workers that are facing almost three years of a global pandemic. The situation is even more dire among the post-acute and senior living care industries. According to recent research, the
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GrandPad’s Tablet for Seniors now Available on Amazon.com
What You Should Know: - GrandPad, the purpose-built tablet solution designed for people over the age of 75, announced today that seniors and family caregivers can now purchase the GrandPad tablet online at Amazon.com. - Availability on Amazon.com expands the reach of GrandPad senior-friendly tablets to millions of older adults, families, and caregivers in an effort to reduce isolation and loneliness that can diminish health and wellbeing. GrandPad® is the smartest, simplest, and safest
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