Continuing Care Retirement Community Experience

Award Information
Agency:
Department of Health and Human Services
Branch
n/a
Amount:
$647,370.00
Award Year:
1995
Program:
SBIR
Phase:
Phase II
Contract:
1 R43 AG12309-1,
Award Id:
24727
Agency Tracking Number:
24727
Solicitation Year:
n/a
Solicitation Topic Code:
n/a
Solicitation Number:
n/a
Small Business Information
Box 585, Buckingham Green #2BB, Holicong, PA, 18928
Hubzone Owned:
N
Minority Owned:
N
Woman Owned:
N
Duns:
n/a
Principal Investigator:
Harold Barney
(215) 794-3210
Business Contact:
() -
Research Institution:
n/a
Abstract
We will develop a valid database to allow objective analysis of continuingcare retirement communities (CCRC) and other senior congregate living arrangements based on dataspecific to these facilities. In contrast to current generic databases, this database, designed for updatingand future enhancement will be built from the collection of a minimum 50,000 life years of CCRCexperience. The new database will allow the development of tools to provide sound financial projectionsof future costs and determine whether a CCRC is priced and reserved appropriately or whether thepromises are empty. Phase I will define the community and resident data to be captured, establishcommon definitions and design flexible computer software for data collection. Phase II will collect,validate, merge and analyze the data. Morbidity and mortality standards for an insured older population(CCRC residents) will be produced from the database for use in secondary research and financialmodeling of CCRCs. Applicable factors reflecting differences between communities' resident transitionrates will be developed. The database will be available to researchers at cost and to commercial usersat a profit. Flexible data collection and management information software will be sold to CCRCs.Financial models based on new rates of mortality and transition will be marketed to existing anddeveloping CCRCs to enhance financial viability over the long term.

* information listed above is at the time of submission.

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