iawards - andy schoonover, vri - wlsa convergence summit 2014

6
WLSA CONVERGENCE SUMMIT #CSUMMIT14 1

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Page 1: iAwards - Andy Schoonover, VRI - WLSA Convergence Summit 2014

WLSACONVERGENCE SUMMIT

#CSUMMIT14

1

Page 2: iAwards - Andy Schoonover, VRI - WLSA Convergence Summit 2014

WLSACONVERGENCE SUMMIT

#CSUMMIT14

PERS 1.0

2M active users

15M market (<15% penetrated)

77 average age

42 Medicaid states use PERS to reduce LTCF utilization

Compelling Economics: $5,000 - $7,000 per month LTCF vs $2,500 in home

Page 3: iAwards - Andy Schoonover, VRI - WLSA Convergence Summit 2014

WLSACONVERGENCE SUMMIT

#CSUMMIT14

PERS 1.0

PERS is valuable but there are opportunities to expand capabilities

75% of Healthcare costs spent on patients with chronic conditions

How do we monitor daily conditions better?

Page 4: iAwards - Andy Schoonover, VRI - WLSA Convergence Summit 2014

WLSACONVERGENCE SUMMIT

#CSUMMIT14

Welcome to PERS 2.0

COLLECTdevice agnostic

FILTERpeople plus machine

RESPOND5% of alerts require

intervention

Page 5: iAwards - Andy Schoonover, VRI - WLSA Convergence Summit 2014

#CSUMMIT14

The New Model

BEFORE VRI

Limited to 1 vendor Device Agnostic

12 days to set up 2 days to set up

187 HF members, 5 months, 27,000 alerts

Reduced Actionable alerts by 95%

65% User Satisfaction 95% User Satisfaction

VRI achieved a 55% reduction in admissions and 4 -1 ROI

Page 6: iAwards - Andy Schoonover, VRI - WLSA Convergence Summit 2014

#CSUMMIT14

Looking Forward