Ziegler and LeadingAge CAST Release LZ 150 Technology Adoption Report

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Ziegler, a specialty investment bank, along with the LeadingAge Center for Aging Services Technology (CAST) is pleased to release the results of the LeadingAge/Ziegler 150 (LZ 150) second annual national Technology Adoption Report.

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Ziegler will continue to support LeadingAge CAST’s commitment to advancing the use of technology in the senior living space...

* The LeadingAge/Ziegler 150 (LZ 150), the major annual survey of not-for-profit senior living providers, announced its results this week, including its second annual Technology Adoption Report

  • Roughly 75% of all the communities among the largest 150 senior living providers have adopted electronic medical/health records
  • A similar percentage has adopted electronic point of care/point of service documentation systems.
  • Teleheath/remote patient Monitoring (4%), telecare/telemonitoring/behavioral monitoring (7.6%), and medication monitoring technologies (21.2%) are areas of growth and opportunity for senior living providers

Ziegler, a specialty investment bank, along with the LeadingAge Center for Aging Services Technology (CAST) is pleased to release the results of the LeadingAge/Ziegler 150 (LZ 150) second annual national Technology Adoption Report.

Some of the key findings include:

  • Roughly 75% of all the communities among the largest 150 have adopted electronic medical/health records
  • A similar percentage has adopted electronic point of care/point of service documentation systems
  • The greatest opportunity for enhanced technological capacity is in the areas of teleheath/remote patient monitoring (4%), telecare/telemonitoring/behavioral monitoring (7.6%), and medication monitoring technologies (21.2%), each adopted by significantly fewer providers

Conducted since 2000, this annual survey provides great insight into the not-for-profit multi-site senior living market. The LZ 150 is a snapshot of the long-standing story of LeadingAge members, listing the largest not-for-profit senior living systems in the United States, by order of their total owned market-rate units. Reflecting the growth and significance of technological developments in senior living, the Technology Adoption Report surveys the LZ 150 about their implementation of various technologies, from electronic health records to remote monitoring and medication management innovations.

“The promising news is that we’ve seen significant growth over the past few years in the number of organizations implementing EHR technology, which is foundational and key to better documentation, care and coordination,” said Majd Alwan, senior vice president of technology at LeadingAge and executive director of CAST. “We expect and hope to see higher adoption rates for telehealth, remote patient monitoring, medication management and telecare technologies in the future, as these are also key for coordinating care with other partners, like physicians, hospitals and ACOs. We also hope and expect to see more integration of these technologies with EHRs.”

“Ziegler will continue to support LeadingAge CAST’s commitment to advancing the use of technology in the senior living space. Partnering to collect meaningful and current national data for the not-for-profit sector will be an ongoing part of our research, education and thought leadership,” said Dan Hermann, Senior Managing Director and Head of Investment Banking at Ziegler.

The full LZ 150 report and the Technology Adoption results can be viewed on Ziegler's website.

As one of the nation’s leading underwriters of financing for not-for-profit senior living providers, Ziegler offers investment banking, financial risk management, merger and acquisition services, investment management, seed capital, FHA/HUD, capital and strategic planning as well as senior living research, education, and communication.

For more information about Ziegler, please visit us at http://www.Ziegler.com.

About Ziegler:
Since 1902, Ziegler has grown to become a full-service, specialty investment bank and broker-dealer. Ziegler provides its clients with capital raising, strategic advisory services, equity and fixed income sales & trading, wealth management, and research. Specializing in the healthcare, senior living, education, and religion sectors, Ziegler is committed to advancing the health, wealth and well-being of our clients.

About the LeadingAge Center for Aging Services Technologies:
The LeadingAge Center for Aging Services Technologies (CAST) (http://www.LeadingAge.org/CAST) is focused on accelerating the development, evaluation and adoption of emerging technologies that will transform the aging experience. As an international coalition of more than 400 technology companies, aging-services organizations, businesses, research universities and government representatives, CAST works under the auspices of LeadingAge, an association of 6,000 not-for-profit organizations dedicated to expanding the world of possibilities for aging.

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Leslie Weir
Ziegler
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