The rise of hospital-at-home and SNF-at-home models has been making headlines for the last month, with related opportunities and complications for senior living becoming clearer. Best Buy (NYSE: BBY) generated some of these headlines by announcing a partnership with Advocate Health. The partnership aims to expand Advocate’s hospital-at-home offering, which the Charlotte, North Carolina-based health […]
GreatCall
Best Buy’s (NYSE: BBY) push into the commercial health care space is poised to make the electronics retailer an even bigger disruptor than many may have anticipated, thanks largely to its focus on seniors. That’s the premise of a report released earlier this week by analysts at investment bank and financial services firm Morgan Stanley […]
Technology is essential to the operation of a senior living organization, as well as the experience a provider offers its residents, families and staff. From enterprise Wi-Fi to smart home systems and personal health devices, the technology foundation of senior living is playing an increasing role. Innovative senior care providers are pursuing strategic partnerships that […]
Technology is essential to the operation of a senior living organization, as well as the experience a provider offers its residents, families and staff. From enterprise Wi-Fi to smart home systems and personal health devices, the technology foundation of senior living is playing an increasing role. Innovative senior care providers are pursuing strategic partnerships that […]
Perhaps nothing is transforming senior living more than technology, and few tech companies in the space have matched the success and impact of GreatCall, which has been led by changemaking CEO David Inns since 2006. After being acquired by Best Buy for $800 million last year, San Diego-based GreatCall is in a new league. Its […]
Last year, retail giant Best Buy (NYSE: BBY) made waves with the $800 million acquisition of GreatCall — a company that offers smartphones, smartwatches, medical alert devices and other technology tailored to older adults, and counts senior living companies among its clients. Now, that big investment is starting to pay off for Best Buy. “In […]
The senior housing industry is gradually embracing technology in its wellness initiatives but is still just scratching the surface. That’s according to an active aging industry trends survey recently released by the International Council on Active Aging’s (ICAA). The survey found that senior living providers are shifting away from a care-focused operational model to one […]
Tech giants are waging a massive smart tech arms race, and seniors are a prime target. This was never more true than in 2018, as Amazon (Nasdaq: AMZN), Best Buy (NYSE: BBY), Google (Nasdaq: GOOGL) and others made move after move to capture the smart tech senior dollar. Their respective yet similar strategies revolve around […]
Electronics retailer Best Buy’s purchase of GreatCall in August brought the spotlight to the longevity market in a significant manner, and its intentions became even clearer this week, when the company appointed seasoned health care executive Cindy Kent to its board. In a struggling retail landscape, Best Buy is executing a vision that looks to serve […]
Some senior living providers need to both shift their mindset and implement new technology, or they will miss an emerging opportunity to partner with Medicare and Medicaid managed care plans and could be behind the eight-ball for years to come. In managed care, private-sector insurance companies receive federal and/or state funds to create benefits packages […]