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Building a World-Class Data Collection and Reporting Program for Senior Living in Ontario and Canada

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9 diapositives · 252 Views · Jul 20, 2014

The ORCA Data Collaborative aims to enhance the senior living sector through comprehensive data collection and reporting. Initiated in November 2011, the program seeks to educate investors, drive transparency, and provide benchmarks essential for informed decision-making. Led by a dedicated committee, it focuses on operational and market statistics, including turnover rates, occupancy levels, and financial data. The next steps involve finalizing data definitions, developing a marketing plan, and broadening the program's scope across Canada.

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Building a World-Class Data Collection and Reporting Program for Senior Living in Ontario and Canada
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  1. BCSLA Conference October 1, 2013 ORCA DATA COLLABORATIVE

  2. The Data Collaborative vision Building a world-class data collection andreporting program for Ontario’s – and Canada’s – growing senior living sector

  3. And the journey begins…. NIC Map Seniors Housing as a real estate class Educate investors Encourage investment Drive transparency Provide benchmarks

  4. Initial timelines ORCA Board direction Committee struck November 2011 RFP process unfolds ProMatura selected Business plan developed Board Approval

  5. ORCA Data Committee John Scotland, Steeves & Rozema Christian Fisker, Chartwell Peter Mather, Healthtrust Colin Halliwell, Amica Bob Kallonen, Schlegel Villages Mike Traub, Riverstone Diana Artuso, Chartwell Sheri Annabelle, Chartwell Steve Gray, Responsive Health, ORCA Board Casey Ram, Revera Laurie Johnston, ORCA

  6. Market Analysis Initial • Type and size of residence • Type of ownership • Property age +date & type of last renovation • # and type of units by service level • Annual turnover rate • Ancillary income Annual • Rates • Major changes • Financial statements Quarterly • Marketing incentives used • Occupancy levels • # of inquiries

  7. Operational Data • Wages and benefits by function • A la carte services offered with pricing by service line • Service expense breakdowns • Operational financial information • Food costs – daily cost and number of meals served

  8. Founders Club

  9. Next Steps • Finalize definitions and data points • Develop marketing plan • Branding • Reports and Subscriptions • Promotion • First round of Collection • Broadening scope – nationwide?