Return on Investment (ROI) Estimate: Senior Living
Occupancy due to resident health: $316,732 per year
The senior living industry is dependent on the well-being of its residents. Any decline in the health of residents can result in decreased revenue and displacement from the community. Conversely, an improvement in health can lead to residents staying for longer periods and improved satisfaction.
S³ Balance offers online programming and resident-led classes through the S³ online programming portal, which can be used in independent living, assisted living and memory care communities. These classes also facilitate connection with on-site therapy and enable them to prescribe programming using S³.
As demonstrated by a study conducted by the International Council on Active Aging (ICAA) in 2018, the implementation of an “aggressive” wellness program, such as S³, in a 244-bed community with 65% resident participation, resulted in a yearly increase of $316,732 in revenue due to extended length of stay (fall reduction excluded).
Occupancy due to fall reduction: $300,000 per year
Preventing falls remains a major challenge for senior living communities. S³ Balance is designed to reduce falls and improve the safety of residents.
Two field studies were conducted to evaluate the efficacy of S³ in reducing falls. The first study, conducted in 19 senior living communities with 97 residents in 2018, showed a 199% reduction in fall risk. The second study, conducted in 4 senior living communities with 18 high-risk residents in 2022, showed a reduction in falls by an average of 839%. Both studies have been documented in reports that are available for review by clicking on the following links: 2018 field study and 2022 field study.
Example: if S³ prevents 25 displacements per year due to falls, the estimated revenue would be $300,000, based on the assumption of a $6,000 monthly rent loss for 2 months.
Workers’ compensation claims: $410,003
Effective management of workers’ compensation (WC) claims is crucial for senior living communities and skilled nu
rsing facilities (SNFs) to avoid financial challenges. According to the Centers for Disease Control and Prevention (CDC) and the Occupational Safety and Health Administration (OSHA), the rate of occupational injuries for healthcare workers is seven times higher than in other industries.
S³ Balance is specifically designed to reduce the physical strain imposed on staff during multi-person transfers, one-on-one exercise care and group therapy. This reduction in physical strain can be seen in videos 1-4, 12, 13, 16, 18, 19, 22, 23, and 24 on the S³ Balance Impact page.
Example: according to the National Safety Council (NSC) and the National Counc
il on Compensation Insurance (NCCI), the average WC claim is $41,003. If staff incorporates S³ Balance into their daily routine, it is estimated that up to 10 WC claims per year may be prevented.
Staff hours: 438 hours per year
With multi-person transfers greatly reduced, staff can be redirected elsewhere.
In addition (as stated above), independent living, assisted living and memory care S3 classes can be self-sustaining using our online programming portal and/or resident-led classes (see videos 6, 7, 9, 10, 15, 22-24) to further reduce staff strain.
Example #1: assuming 15’/transfer (includes time needed to arrive/return), 2 residents/day require 2 staff members for mod-A transfer becomes 1 staff member for SBA = 180 staff hours/year.
Example #2: assuming 5 staff-led classes per week transition to self-sustaining S3 classes = 258 hours/year.