Tyrone Grandison
Chief Technology Officer at Pearl Long Term Care Solutions, Inc.
Last Updated:
August 01, 2020
Seattle, Washington, United States
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Although 70% of those who reach the age of 65 will need some form of long term care, long term care providers continue to lose money--due to a fundamentally flawed assumption--families will spend their loved on...
Although 70% of those who reach the age of 65 will need some form of long term care, long term care providers continue to lose money--due to a fundamentally flawed assumption--families will spend their loved one's life's savings and assets for end-of-life care. Pearl Long Term Care Solutions™ provides a much needed bridge between a family spending everything their loved one worked to build and the near-destitution required to qualify for Medicaid by offering families an opportunity to guarantee access and cost for long term care. The Pearl LTC™ model solves two major problems simultaneously: filling vacant units with those who need care and helping families afford that care for their loved ones.\\Though it fluctuates by region, service and provider, the LTC industry averages about 10% unoccupancy and market penetration for seniors 75+ year over year. Solutions, ranging from paid referral agencies to creative and expensive\sales and marketing schemes have not solved the problem. Worse, the industry cannot consolidate, expand or address market demands without accepting high risk or debt. Exacerbating that problem, market demand is subject to the whims of the broader US economy and the mix and range of reimbursements dictated by payor\source, subjecting the LTC industry to volatility.\\Pearl LTC™ believes the fundamental assumptions that are currently driving business decisions in this industry are flawed and has created a unique win-win strategy for consumers and providers alike. \\Pearl Long Term Care Solutions is positioned to solve the Senior Housing industry crisis of access and affordability by facilitating mutually beneficial relationships between providers and those seeking care by maximizing occupancy and making care more affordable for families.
Location

13860 Paris Breeze Pl, Purcellville, Virginia, United States, 20132

No. of Employees

3

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Keywords

assisted living, innovative solutions, exchange, retirement savings planning services, home health care, marketplace, hedging against risk, long term care, retirement planning, long term care planning services, derivative securities, fintech, finance, finance technology, information technology & services

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