Category Archives: Technology

Sandwich Generation Woes

A funny thing has happened in the United State over the past 50 years, which on the surface is good, but for a growing segment of the population is adding an additional stress in their life. Due in a large part to vast improvements in medicines and treatment, the median life expectancy has been steadily increasing, adding about one half year of life expectancy to the population ever two years. So, in 1959 the median life expectancy was under 70, now, it is 83.  At the same time, Americans on average have been holding offer getting married and starting a family well into the late twenties or early thirties.  As a result, the generational gap between grandparents and grandkids has grown from 20 years to now 30.

Elder care services are becoming an ever-increasing need as baby boomers continue to retire at an alarming rate. Combining the fact that the elderly are living longer, and individuals are holding off having children until they are older, a new dilemma has developed for individuals between 38 and 55. Many of these adults are becoming part of the what is referred to the “sandwich” generation. This is where an adult has to not only take care of their children, but one, two, three or even four parents dispersed across the country which they are also taking care of.

Accounting to a 2013 Pew Research report, nearly half (47%) of adults in their 40s and 50s have a parent age 65 or older and are either raising a young child or financially supporting a grown child (age 18 or older). And about one-in-seven middle-aged adults (15%) are providing financial support to both an aging parent and a child.  Combine the fact that most adults in America do not live within 100 miles of their aging parents, it becomes obvious that this trend is adding stress to when elderly parents get ill or need care.

As a fallout of this growing trend, when the parents of a working adult become ill or need assistance, presently that working adult child will need to leave and take extended time away from work to deal with the situation.  The average time away is one week, and sometimes stretches into three weeks! In most cases, these individuals will likely have to continue to visit their aging parents for extended periods of time for the next 5 to 15 years.

The reason why individuals have to take time off, is that up until now, there was no “on-line” way to get reliable geriatric care. As stated earlier, most adult children do not reside close to their aging parents, and as such, have to schedule time to travel in order to arraign for care from a private duty agency, which includes interviewing the agencies, developing a care plan, and signing contracts.

Not only is there an impact on work, there is also a financial impact on these adults. According to a recent AARP study, 30 percent of family caregivers dip into their personal savings to cover long-term care costs, 16 percent reduce contributions to their retirement accounts, and about half cut back on leisure spending in order to help take care of their parents.

The tough reality is that many families are not rich enough to afford the staggering cost of private duty long-term care. Yet at the same time, they do not qualify for Medicaid, a health care program for low-income and disabled adults. So, it is nice to have a lower cost alternative to the high priced private duty agencies, that also delivers a superior service like Well Beyond Care.

About Well Beyond Care
Well Beyond Care is the only company that teaches families and individuals how to find and manage affordable non-medical in-home care, while solving the chronic problems of caregiver truancy and turnover through the web application, WellBeyondCare.com.  The Company’s platform combines the power of the internet with the personal touch of nurses to offer families a pathway to transitional care, allowing our elderly parents to safely age-in-place. Their solution lowers stress in hiring a caregiver and saves families tens of thousands of dollars per year in care costs.

 

Well Beyond Care invited to attend Johns Hopkins MedHacks 2018

For Immediate Release
Contact:
Lauren Tarrant, RN
COO/CNO
Well Beyond Care, Inc.
(512) 809-4057
lauren@wellbeyondcare.com

Well Beyond Care invited to attend Johns Hopkins MedHacks 2018
Company choose to present at Health Financial Management Association’s Annual Event

Austin, TX, Sept 19, 2018 – Well Beyond Care recently attended the 3rd Annual MedHacks held at Johns Hopkins University’s School of Medicine from September 7th through the 9th in Baltimore, Maryland. The company’s CEO & President, Jeffrey Fry, joined over 750 of the best and brightest students from around the world participated in the world’s biggest medical hackathon. This year’s participants came from over 25 countries and studying a range of topics from Aerospace Engineering to Zoology.

The Johns Hopkins MedHacks (medhacks.org) is known as a Snow Day. Teams work 36 hours to develop a hack in one of three tracks. The three tracks were Medication Adherence sponsored by CVS Health (cvshealth.com), Patient Safety & Quality lead by Hopkins Medicine (hopkinsmedicine.org), and Access to Care with Blue Cross Blue Shield (bcbs.com).

In addition to exposing the Company to a plethora of great ideas, Mr. Fry attended as a mentor and judge. Needless to say, one of the groups he mentored, won first prize for their Hack. In addition, Mr. Fry made his “Silver Tsunami” presentation, which outlines the growing concern of the aging of America to much of the healthcare community. Quotes Mr. Fry, “what a fascinating event hosted by Johns Hopkins. To see so much raw talent, pour out some many ideas in such a short period of time is exhilarating. We will definitely be back next year.”

In closing a special thank you to Dean Patricia Davidson, PhD, RN and Assistant Dean Kenneth Dion, PhD, RN from the Johns Hopkins School of Nursing for their gracious invitation and hospitality during our stay.

About Johns Hopkins University School of Medicine
The Johns Hopkins University School of Medicine (JHUSOM), located in Baltimore, Maryland, was founded in 1893 and is the academic medical teaching and research arm of Johns Hopkins University, which was founded in 1876. Johns Hopkins has consistently ranked among the nation’s top medical schools in the number of research grants awarded by the National Institutes of Health. Its main teaching hospital, the Johns Hopkins Hospital, was ranked the #1 hospital in the United States for 22 years by U.S. News & World Report.

About Well Beyond Care
Well Beyond Care is the only company that teaches families and individuals how to find and manage affordable non-medical in-home care, while solving the chronic problems of caregiver truancy and turnover through the web application, WellBeyondCare.com. The Company’s platform combines the power of the internet with the personal touch of nurses to offer families a pathway to transitional care, allowing our elderly parents to safely age-in-place. Their solution lowers stress in hiring a caregiver and saves families tens of thousands of dollars per year in care costs.

Well Beyond Care Selected as Innovation Hub Finalist

For Immediate Release

Contact:
Lauren Tarrant, RN
COO/CNO
Well Beyond Care, Inc.
(512) 809-4057
lauren@wellbeyondcare.com

Well Beyond Care selected as HFMA Innovation Hub Finalist

Well Beyond Care has been chosen to present at Health Financial Management Association’s Annual Event as part of the Innovation Hub Pitch Event

Austin, TX, Jun 12, 2018 – Well Beyond Care has been selected by the Healthcare Financial Management Association (hfma.org) as one of the top 12 startups that can most influence the healthcare industry out a pool of over 100 candidate companies that submitted their ideas to a nationwide contest.  As a finalist, the Company has been invited to attend the annual HFMA meeting (annual.hfma.org) as a spotlight company in this year’s Innovation Hub and take part in the Virtual Pitch Competition.  The annual meeting is taking place in Las Vegas, Nevada, from June 24th through June 27th.   Well Beyond Care was selected due in part to the way the Company can impact 4 out of the 8 most critical content areas (see graphic below) outline in this year’s mission, including Reducing Total Cost of Care, Creating a Consumer Centric Healthcare Delivery System, improvement to Payment Trends and Models, and leveraging and capturing Trends and Innovation.

Part of the criteria of being selected was how well a company would affect at least one of the following outcomes.

  • Reducing Cost of Care Delivery: Product, service or technology that quantifiably reduces the cost of care delivery through its implementation or utilization.
  • Enhancing the Healthcare Consumer Experience: Product, service, or technology focused on specifically improving the healthcare consumer experience in facets such as patient satisfaction, care coordination, price transparency, communication, etc.
  • Improving Population Health Management through Analytics: Product, service or technology providing analytics that lead to better health and outcomes of patients. Areas and products in the realm of wearables, mobile or telehealth, monitoring, or other digital tools.

As the Company’s CEO, Jeffrey Fry goes on to say, “Part of what makes this a great selection for our company, is being recognized for how we can save families and hospital systems money by reducing readmissions, how we combine high tech with high touch using our nurse navigators, and ultimately we will allow people to age safely in their homes and prevent a large number of emergent events. It is always nice to be recognized for your efforts, but more so by the individuals who are responsible for cost containment while maintaining quality control.”

Presently, Well Beyond Care is operating in 44 States and territories and has clients in over 350 cities. The company did its “hard-launch” in the first quarter of 2018 and is looking to hire upwards of 500 nurses this year as it continues to expand its footprint across the United Stares.  The company is also starting to partner with not-for-profit and public hospitals in order to reduce readmissions and improve outcomes.

About HFMA

With more than 38,000 members, the Healthcare Financial Management Association (HFMA) is the nation’s premier membership organization for healthcare finance leaders. HFMA builds and supports coalitions with other healthcare associations and industry groups to achieve consensus on solutions for the challenges the U.S. healthcare system faces today. Working with a broad cross-section of stakeholders, HFMA identifies gaps throughout the healthcare delivery system and bridges them through the establishment and sharing of knowledge and best practices. We help healthcare stakeholders achieve optimal results by creating and providing education, analysis, and practical tools and solutions. Our mission is to lead the financial management of health care.

About Well Beyond Care

Well Beyond Care is the only company that teaches families and individuals how to find and manage affordable non-medical in-home care, while solving the chronic problems of caregiver truancy and turnover through the web application, WellBeyondCare.com.  The Company’s platform combines the power of the internet with the personal touch of nurses to offer families a pathway to transitional care, allowing our elderly parents to safely age-in-place. Their solution lowers stress in hiring a caregiver and saves families tens of thousands of dollars per year in care costs.

Study Shows, Wearables Do Not Improve Outcomes

While we are a big believer that technology is a great boon to health care and in improving outcomes, and healthcare in general, we have always had our doubts on the efficacy on wearables in truly improving outcomes, or caregiving in any measurable way. Now a new study conducted by Cedars-Sinai investigators published in Nature Partner Journal, NPJ Digital Medicine indicates that these very expensive wearables have essentially no effect on improving medical outcomes.

As outlined in Health Management Technology’s article, “Analysis shows lack of evidence that wearable biosensors improve patient outcome,” over the past ten years, there has been no significant improvement in patient outcomes with or without wearable. Well Beyond Care has always believed that while technology is wonderful, but without a competent and dedicated caregiver, that any improvement in tech is pretty much useless. The trick is in integrating technology to improve excellent and dedicated caregiving.