What is the most powerful tool in any senior living community’s tool chest? It’s big data, and it’s already at your fingertips. Your independent living or assisted living community is generating data every moment of the day. Once you understand how to harness your data sources, you can track key metrics, gather actionable insights, and make informed decisions that will improve the efficiency and performance of your community.
However, collecting data manually is tedious business, and analyzing it on your own can be a daunting and ultimately fruitless task. That’s where analytics as a service (AaaS) comes in. By leveraging an advanced analytics solution that automates processes like data collection and delivers valuable, ready-to-act insights, you can bypass the manual approach and use a ready-made analytics services platform that does the heavy lifting.
Here, we’ll take an in-depth look at analytics as a service, how it can benefit your senior living community, and how you can get started with a powerful software solution like ElderSmarts.
You’re probably already very familiar with software as a service (SaaS), and likely use some SaaS products in your senior living operations. AaaS is the same concept, but specifically geared toward data collection, automation, and business intelligence. Analytics as a service automates data analysis and distills relevant data into valuable insights you can use to make better business decisions.
AaaS is a rapidly growing industry, anticipated to reach a market value of $39.8 billion by 2029, but you don’t want to wait until then to take advantage of the many benefits of utilizing analytics as a service. If you’re curious to hear how industry leaders are leveraging analytics solutions, check out this Smart AaaS podcast that explores how to make sense of your senior living data.
AaaS software is always cloud-based and is often AI-powered and backed by machine learning models. With an AaaS solution, you can get instant access to your community’s data points and leverage predictive analytics to identify trends and improve decision-making for better overall outcomes.
Wondering why you should pay for an ongoing AaaS provider when you can simply collect and track data on your own?
Making the decision to use analytics as a service might be a no-brainer, but choosing the right AaaS solution is tougher. If you’re looking for the top senior living AaaS platform, nothing can beat ElderSmarts. ElderSmarts is the proprietary analytics tool of Eldermark, a leading software provider with an exclusive focus on senior living. We provide tools for independent living, assisted living, memory care, and other senior housing operators.
We like to call our service “batteries included,” which means it’s ready-made to deliver powerful insights as soon as you fire it up. We’ve got a library of pre-configured dashboards, metrics that are designed around the senior living industry, plus integrated benchmarking data from thousands of subscriber communities.
Track all the metrics that matter in one spot with ElderSmarts. You can customize your dashboards to meet the unique needs of your community, tailoring the data visualization to give you instant visibility into your most critical datasets. Use your data reports to present to stakeholders and leaders, make informed decisions about staffing and operations, and maintain regulatory compliance.
Predictive analytics gives you the power to forecast the future, so that you can be proactive instead of being reactive. Use predictive analytics to identify trends and patterns in your community and be ready to fill gaps before they appear.
With ElderSmarts AaaS, you can maintain or increase occupancy rates, protect resident health and well-being, and increase your quality of care. You can also watch for shifts in resident satisfaction to stay ahead of potential issues, or look out for safety risks and take preventative measures.
The biggest pitfall of doing your own data analytics is the difficulty of getting your employees on board. Not only do they have to go through extensive training, they also have to take time from other critical tasks and responsibilities.
With an AaaS like ElderSmarts, the functionality is so intuitive and simple that your employees can jump right in and start making more informed, data-driven decisions right away. Plus, using analytics as a service reduces the risk of errors and ensures your data is accurate and reliable.
With manual data collection and analysis, you’ve only got yourself to lean on. It can be a lonely road, and even worse, it can lead to inconsistent results and lackluster outcomes.
With ElderSmarts, you’ve got a trusted partner in business intelligence and technology solutions. We work with you as your analytics consultants to best understand how to optimize your operational data and leverage its power.
Why pay for an AaaS platform when you’ve already got the data and can track it yourself? Trust us when we say your financial performance will never be better than it is with the support of ElderSmarts.
Consider this: one of our clients spotted $270,000 in uncaptured revenue within minutes of launching the program. And on the whole, ElderSmarts business users have gained $60 million in revenue since onboarding.
Beyond those success stories, we can tell you that using ElderSmarts will help you make better decisions that will keep you aligned with your key performance indicators (KPIs) and help you achieve your financial goals. Increased revenue capture, stopped leakages, and streamlined billing are just some of the fiscal benefits you’ll experience.
Want to learn more about maximizing your investment with ElderSmarts AaaS?
Download our free analytics ebook!
The adoption of cloud platforms and data management services is on the rise, and the senior living space is no exception. In fact, senior living technology is some of the fastest-growing of any industry, thanks to advances in telehealth, remote care services, wearable technology, and artificial intelligence.
Spreadsheets filled with siloed data, no visualization, and manual analysis do nothing but cost your community time and money. It’s prone to errors and inaccuracies, and it takes your community back decades.
Instead of moving backward, embrace the future and adopt an AaaS platform that creates operational efficiency, cuts costs, and allows you to make data-driven decisions that positively impact your community, staff, and residents. It’s easier than you think when you choose ElderSmarts, an out-of-the-box solution that delivers actionable insights in mere moments. With ElderSmarts, the future starts right now.
There’s no reason to waste time and money with manual data analytics when you have a service like ElderSmarts at the ready. We’ve designed a solution just for senior living facilities — batteries included — that you can start to leverage for immediate impact. Start saving and making better decisions in minutes with ElderSmarts.
When you’re ready to begin, we’ll be here to consult and guide you on the way. Just take the first step and schedule your free demo today!