LTC

Are seniors being pressured into retirement homes by lack of community services?

Retrieved on: 
Tuesday, September 26, 2023

Ads for retirement homes often feature an older couple relaxing in comfortable surroundings, playing a board game or enjoying a meal with friends.

Key Points: 
  • Ads for retirement homes often feature an older couple relaxing in comfortable surroundings, playing a board game or enjoying a meal with friends.
  • They look well — and young for their age — with broad smiles and perfect silver hair.

Assisted living

    • In Canada, retirement homes (also known by other names like assisted living) are increasingly for-profit living facilities for older adults.
    • Across Canada, monthly fees range from $1,600 to over $6,000 for spaces ranging from 300 to 600 square feet.
    • In almost one-third of these cases, retirement home residents or their caregivers said they would be better off living elsewhere, such as in long-term care (LTC) homes, where they can receive 24-hour access to nursing and personal support services.

Unmet health-care needs

    • For example, retirement home residents living with dementia, and who can afford specialized memory care services, are less likely to move to a LTC home.
    • Clearly, the service and health-care needs of retirement home residents are not being met, nor were these being met in the community, compelling the move to a retirement home in the first place.
    • Despite evidence that the medical needs of retirement home residents have been growing more complex, the role of primary care medical providers is not regulated, nor is there much incentive to practice in these settings.
    • Dehydration related delirium (confusion) that could be addressed on site can instead lead to hospital admission and premature institutional care.

Designed for institutionalization

    • Our health-care system seems designed to foster premature institutionalization.
    • They will also allow older people greater choice over — and ability to afford — whatever lifestyle they prefer.
    • The Schlegel Chair endowment was a charitable donation to the University of Waterloo, and there is no personal obligation to the donor.

Heartland Water Technology Introduces Biosolids Destruction Process with Assured PFAS Destruction

Retrieved on: 
Tuesday, September 26, 2023

HUDSON, Mass., Sept. 26, 2023 /PRNewswire/ -- Heartland Water Technology proudly announces the launch of its comprehensive biosolids destruction process.

Key Points: 
  • HUDSON, Mass., Sept. 26, 2023 /PRNewswire/ -- Heartland Water Technology proudly announces the launch of its comprehensive biosolids destruction process.
  • Two proprietary advancements lie at the heart of Heartland's new process: the HelioStorm™ ultra-high temperature ionic gasifier and the Heartland Dryer featuring our proprietary LTC Dry™ technology (Low Temperature Conductive drying).
  • LTC Dry, an efficient recirculating thermal drying technology, employs conductive heat to process wet waste material (typically dewatered sludge) with minimal emissions.
  • Jeff Synder, the Managing Director of Heartland's Waste Conversion business, shared similar sentiments: "Our biosolids destruction process cost-effectively delivers significant volume reduction while simultaneously addressing the issue of PFAS contamination.

Red Cell Partners Launches Savoy Life, a Virtual Healthcare Platform for Long-Term Care

Retrieved on: 
Tuesday, September 26, 2023

Red Cell Partners (Red Cell), an incubation firm building rapidly scalable, technology-led companies that are bringing revolutionary advancements to market in national security and healthcare, today announced $3 million in pre-seed funding for Savoy Life, a virtual care coordination and delivery platform created to improve care quality and access for seniors and adults with disabilities living in residential community care facilities.

Key Points: 
  • Red Cell Partners (Red Cell), an incubation firm building rapidly scalable, technology-led companies that are bringing revolutionary advancements to market in national security and healthcare, today announced $3 million in pre-seed funding for Savoy Life, a virtual care coordination and delivery platform created to improve care quality and access for seniors and adults with disabilities living in residential community care facilities.
  • Savoy Life does this via a suite of offerings - all delivered virtually – aimed at elevating the standard of care inside thousands of residential care communities across America.
  • Savoy Life was designed to address this root issue and to be the dependable health care partner that long-term care communities need.”
    The pre-seed funding from Red Cell Partners allows Savoy Life to launch its initial offerings, which include three distinct products designed to improve assisted-living operations and empower caregivers to deliver high-quality care.
  • “Through our virtual care platform, we will enable a new paradigm in long-term care where the baseline quality of life is significantly improved for seniors and disabled adults,” Emigh said.

OKX Proof of Reserves Ranked Highest Quality Among Major Exchanges as 11th Consecutive Monthly Reserves Report is Published

Retrieved on: 
Tuesday, September 26, 2023

OKX's latest PoR comes days after Castle Island Ventures partner and blockchain and Proof of Reserves expert Nic Carter ranked OKX highest of all major centralized exchanges on its quality of Proof of Reserves.

Key Points: 
  • OKX's latest PoR comes days after Castle Island Ventures partner and blockchain and Proof of Reserves expert Nic Carter ranked OKX highest of all major centralized exchanges on its quality of Proof of Reserves.
  • In his ranking, he cited OKX's credibility, knowledge of leadership, demonstrated commitment to transparency and overall PoR quality as reasons for his positive assessment.
  • OKX's PoR covers 22 commonly used digital assets and shows that OKX has maintained a reserve ratio exceeding 100% for 11 consecutive months across all those assets.
  • OKX has published over 210,000 addresses for its PoR program, and will continue to allow the public to view its asset flows.

OKX Proof of Reserves Ranked Highest Quality Among Major Exchanges as 11th Consecutive Monthly Reserves Report is Published

Retrieved on: 
Tuesday, September 26, 2023

OKX's latest PoR comes days after Castle Island Ventures partner and blockchain and Proof of Reserves expert Nic Carter ranked OKX highest of all major centralized exchanges on its quality of Proof of Reserves.

Key Points: 
  • OKX's latest PoR comes days after Castle Island Ventures partner and blockchain and Proof of Reserves expert Nic Carter ranked OKX highest of all major centralized exchanges on its quality of Proof of Reserves.
  • In his ranking, he cited OKX's credibility, knowledge of leadership, demonstrated commitment to transparency and overall PoR quality as reasons for his positive assessment.
  • OKX's PoR covers 22 commonly used digital assets and shows that OKX has maintained a reserve ratio exceeding 100% for 11 consecutive months across all those assets.
  • OKX has published over 210,000 addresses for its PoR program, and will continue to allow the public to view its asset flows.

LTC ACO Announces Shared Savings for 2022 Under CMS Medicare Shared Savings Program

Retrieved on: 
Monday, September 18, 2023

"We are extremely proud to announce that LTC ACO has once again achieved shared savings under the CMS Medicare Shared Savings Program," said Jason Feuerman, president and CEO of LTC ACO.

Key Points: 
  • "We are extremely proud to announce that LTC ACO has once again achieved shared savings under the CMS Medicare Shared Savings Program," said Jason Feuerman, president and CEO of LTC ACO.
  • We are grateful for the trust they place in us to deliver value for their patients.”
    During 2022, LTC ACO managed nearly 13,000 Medicare fee-for-service beneficiaries under the MSSP.
  • The organization achieved total shared savings of $7.2 million, resulting in earned shared savings of $5.3 million to LTC ACO.
  • Since 2018, LTC ACO has saved Medicare $73.0 million, equating to an average of $1,875 per beneficiary in positive reconciliation years.

Extendicare Announces Closing of Transaction with Axium

Retrieved on: 
Wednesday, September 13, 2023

MARKHAM, Ontario, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) announced today that, effective September 13, 2023, it has completed the previously announced transaction with a fund managed by Axium Infrastructure Inc. and its affiliates (“Axium”) to form a limited partnership joint venture, Axium Extendicare LTC LP (the “Joint Venture”), to redevelop certain of Extendicare’s Class C long-term care (“LTC”) homes, in which Extendicare will retain a 15% managed interest.

Key Points: 
  • MARKHAM, Ontario, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) announced today that, effective September 13, 2023, it has completed the previously announced transaction with a fund managed by Axium Infrastructure Inc. and its affiliates (“Axium”) to form a limited partnership joint venture, Axium Extendicare LTC LP (the “Joint Venture”), to redevelop certain of Extendicare’s Class C long-term care (“LTC”) homes, in which Extendicare will retain a 15% managed interest.
  • “The closing of the Axium transaction, coupled with the recent closing of the Revera transaction, marks a significant milestone in Extendicare’s strategic repositioning to a less capital-intensive, higher margin business model to drive growth in our long-term care and home health care segments,” said President and CEO, Dr. Michael Guerriere.
  • “The need to replace aging long-term care infrastructure is a serious issue for the health sector.
  • Our partnership with Axium positions us to build more homes faster, while continuing to advance our mission to provide high-quality care for seniors across Canada,” added Dr. Guerriere.

Study Connects Family Caregiving Strain to Future Planning

Retrieved on: 
Wednesday, September 13, 2023

DURHAM, N.C., Sept. 13, 2023 /PRNewswire/ -- A new study finds while nearly 70% of family caregivers say they're confident they'll have enough money to retire comfortably, even more say they're concerned future long-term care needs will impact retirement goals.

Key Points: 
  • Not surprisingly, family caregivers are more likely to understand the risks of needing long-term care and have an interest in planning for their future care needs than the general adult population.
  • However, the survey made clear even family caregivers still need education, guidance, and support to understand what planning options exist and which are best for them.
  • Some of the survey's key take-a-ways include:
    70% of our family caregivers report they're confident they'll have enough money to live comfortably in retirement.
  • We hope this study underscores the need for educating yourself about your care needs into the future."

Blockchain Wire Now Accepts SHIB Tokens as Payment Method

Retrieved on: 
Tuesday, September 5, 2023

As the foremost choice for press release distribution, Blockchain Wire stands at the forefront of delivering news about blockchain and crypto projects and enterprises.

Key Points: 
  • As the foremost choice for press release distribution, Blockchain Wire stands at the forefront of delivering news about blockchain and crypto projects and enterprises.
  • Michael Shuler , CEO, Blockchain Wire , expressed, "SHIB is a widely held token by many of our current and prospective clients.
  • Renowned for providing unparalleled value in the industry, Blockchain Wire draws upon decades of experience within the newswire sector.
  • In addition to the inclusion of SHIB tokens, Blockchain Wire gladly accepts BTC , ETH , BTCH , Doge , LTC , Matic , USDC , and USDT as alternative methods of payment, further expanding the options available to our valued clients.

OKX Announces Industry Leading 10th Consecutive Monthly Proof of Reserves

Retrieved on: 
Wednesday, August 30, 2023

August PoR shows USD$10.4 billion in BTC, ETH and USDT reserves

Key Points: 
  • August PoR shows USD$10.4 billion in BTC, ETH and USDT reserves
    HONG KONG, Aug. 30, 2023 /PRNewswire/ -- OKX , a leading global Web3 technology company and crypto exchange, has published its industry-best 10th consecutive monthly Proof of Reserves (PoR) , showing balances of USD$10.4 billion in primary assets.
  • To commemorate its 10th consecutive PoR, OKX conducted two Twitter surveys to measure the sentiment of the online community with regards to the importance of PoR and transparency.
  • With its August PoR, OKX has become the only major crypto exchange to release ten consecutive monthly PoR reports.
  • The open-source verification tool allows users to independently verify OKX's solvency and confirm their assets are backed by OKX reserves while maintaining their privacy.