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The institutional LTC market is expanding, with nursinghomes growing at 3.4% per year and assistedliving at about 5.5%. Discover who your prospective customers are (New assistedliving facility breaking ground? LTC pharmacy is a local business. Research your competitors (Strengths? Weaknesses?).
The Oxevision system is primarily used in nursinghomes and long-term care facilities, where there is a clear advantage to having hands-free monitoring, and can be used for example to monitor sleep patterns or make sure that a patient hasn’t fallen out of bed, left their room or carried out self-harm.
These symptoms are leading causes of assistedliving or nursinghome placement and have been associated with accelerated disease progression.” ‘Agitation’ can include symptoms ranging from pacing or restlessness to verbal and physical aggression,” said Tiffany Farchione, M.D.,
If most of your business is with SNFs and ALFs, should you just focus on adding more homes in your customer portfolio? Even though the nursinghome industry is not on a growth path, you know the industry, you have contacts, and your competitors may have decided to expand to other sectors, giving you a more open field to hunt.
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