iawards - andy schoonover, vri - wlsa convergence summit 2014
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WLSACONVERGENCE SUMMIT
#CSUMMIT14
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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
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?
WLSACONVERGENCE SUMMIT
#CSUMMIT14
Welcome to PERS 2.0
COLLECTdevice agnostic
FILTERpeople plus machine
RESPOND5% of alerts require
intervention
#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
#CSUMMIT14
Looking Forward