Senior living ‘on the precipice of this defining moment,’ Argentum CEO says
By 2050, the number of older adults needing paid long-term care will double to 27 million. A Genworth Cost of Care survey showed “nothing comes close” to assisted living in providing cost effectiveness — assisted living saves Medicaid $43 billion annually and Medicare $15 billion annually, he said.
But lawmakers and prospective residents generally don’t understand that value, Balda said. To gain insights into consumer sentiments about senior living, Argentum partnered with data and analytics company AlphaROC and found that 75% of non-residents were not aware of the connection between residing in senior living and quality of care. And more than half of the respondents were unsure whether social interactions improved for older adults as a result of living in senior living communities.
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AlphaROC is an innovative company that sits at the intersection of AI and finance revolutionizing the market research industry by incorporating the latest advancements in Machine Learning, Data Science, and computational AI techniques. AlphaROC was recently recognized as a finalist in the prestigious “AWS Generative AI Startup Incubator” for pushing the boundaries of AI-powered solutions. AlphaROC, has developed a suite of AI-powered tools that harness the power of unique data sets and provide personalized insights that fundamentally transform the decision-making process. Leveraging these AI-enabled tools help decision-makers gain unparalleled insights in a frictionless, unbiased, and personalized manner.
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