Senior living includes a wide range of congregate care environments active adult communities, independent living, assisted living, memory care, skilled nursing, and life plan communities that combine multiple levels of care on one campus. Regardless of the model, operators are facing increasing pressure from demographic shifts, workforce shortages, and rising operational costs.

By 2050, the number of Americans requiring paid long-term care services is expected to double to 27 million. At the same time, the population aged 85 and older is projected to nearly triple by 2060. While many seniors enter assisted living in their early 80s, communities are also seeking to attract younger residents, as studies show that 70% of adults age 65 and older will need some form of long-term care.

Staffing shortages and high turnover averaging 67% across most surveys continue to strain caregiving teams. This leads to increased burnout, inconsistent care delivery, and greater difficulty maintaining quality standards.

The Benefits of the Theora Platform for Your Organization

In addition to the Theora® AI/Neural Networking platform, smart wearable and smartphone app, we offer our business and enterprise partners a dashboard of data analytics – Theora ESP™ – to continuously monitor and improve quality of life for the older adults they serve.

Our advanced technology is backed by enterprise software that provides business clients with a dashboard of valuable data and personalized insights to enhance resident or client health outcomes through predictive analysis. Whether using our smart wearable or combining it with our in-room sensors, we can detect and predict important changes that may signal increased fall risk or possible wandering.