EmpowerMe Wellness: Company Profile

Background

Overview

EmpowerMe Wellness is a tech-enabled, multi-service healthcare organization dedicated to enhancing the lives of seniors within their communities. Established in 2017 and headquartered in St. Louis, Missouri, the company has expanded its reach to over 450 senior living communities across more than 20 states, including key markets in California and Texas.

Mission and Vision

EmpowerMe Wellness is committed to transforming healthcare delivery in senior living communities by providing integrated services that improve resident outcomes and enrich the communities they serve. The company's vision is to create vibrant community living environments where seniors thrive, focusing on their mental, physical, and emotional well-being.

Industry Significance

As a fully integrated healthcare provider, EmpowerMe Wellness addresses the diverse needs of senior residents through its EmpowerMe 360 program, which includes care coordination, on-site therapy, pharmacy services, and specialized programs like GUIDE for dementia care. This comprehensive approach sets the company apart in the senior healthcare industry.

Key Strategic Focus

Core Objectives

EmpowerMe Wellness aims to deliver holistic, person-centered care that enhances the quality of life for seniors, reduces hospitalizations, and supports the overall well-being of residents in senior living communities.

Areas of Specialization

Care Coordination: Collaborating with residents' existing healthcare providers to ensure continuous, 24/7 coverage.

On-Site Therapy: Providing physical, occupational, and speech therapy integrated into daily routines.

Pharmacy Services: Offering personalized medication management and clinical oversight.

GUIDE Program: Delivering comprehensive dementia care services with personalized support for residents and families.

Key Technologies Utilized

The company leverages advanced technology to improve healthcare delivery, including electronic health records (EHR) systems for seamless care coordination and telehealth platforms to provide virtual consultations.

Primary Markets Targeted

EmpowerMe Wellness primarily serves senior living communities across the United States, focusing on enhancing healthcare services in assisted living, memory care, and independent living facilities.

Financials and Funding

Funding History

In March 2022, EmpowerMe Wellness secured over $100 million in financing from investors including Jim McKelvey, co-founder of Square, and the Hermann Companies.

Recent Funding Rounds

The company has raised a total of $196.63 million in funding, with the latest round being unattributed.

Notable Investors

Jim McKelvey

Hermann Companies

Utilization of Capital

The capital has been utilized to expand service offerings, enhance technological infrastructure, and support the company's growth into new markets.

Pipeline Development

Key Pipeline Candidates

EmpowerMe Wellness continues to develop and refine its integrated healthcare services, focusing on expanding its EmpowerMe 360 program and GUIDE for dementia care.

Stages of Development

The company is in the implementation and expansion stages, integrating these services into additional senior living communities nationwide.

Target Conditions

Chronic health conditions in seniors

Dementia and related cognitive impairments

Anticipated Milestones

The company aims to achieve significant reductions in hospitalizations and improve overall resident well-being through its integrated care model.

Technological Platform and Innovation

Proprietary Technologies

EmpowerMe Wellness utilizes proprietary telehealth platforms to provide virtual consultations and electronic health records (EHR) systems for seamless care coordination.

Significant Scientific Methods

The company employs evidence-based practices in therapy services and utilizes data analytics to monitor and improve health outcomes for residents.

Leadership Team

Executive Profiles

Kenneth H. Hannah: Chief Operating Officer with over 30 years of experience in finance and operations, previously serving as CFO for Caleres, Inc.

Angie Keeven: Senior Vice President of Integrated Care, dedicated to improving the quality of life for older adults, with nearly 25 years of experience in senior care.

Kaitlin Petrie: Senior Vice President of Business Development, an occupational therapist with over 10 years of experience serving older adults in senior living settings.

Jennifer Keeney, MOT, OTR/L, CDS: Divisional Vice President of Operations, an occupational therapist with 18 years of experience working with seniors.

Jesse Voyles, PT, MPT: Divisional Vice President of Operations, a physical therapist with 12 years of clinical experience in skilled nursing and assisted living facilities.

Competitor Profile

Market Insights and Dynamics

The senior healthcare market is experiencing significant growth due to an aging population, leading to increased demand for integrated healthcare services in senior living communities.

Competitor Analysis

Salus Physical Therapy: Acquired by EmpowerMe Wellness in April 2022, expanding its presence in Florida.

ONR: A therapy provider that became part of EmpowerMe Wellness, enhancing its service offerings.

Strategic Collaborations and Partnerships

EmpowerMe Wellness has formed partnerships with senior living communities such as Carlisle Naples and Brickmont Assisted Living to provide on-site physical, occupational, and speech therapies, demonstrating a focus on expanding integrated healthcare services within senior living facilities.

Operational Insights

The company's integrated care model allows it to achieve community goals and create a greater quality of life for residents, including increased occupancy, fall reduction, and staffing improvements.

Strategic Opportunities and Future Directions

EmpowerMe Wellness plans to continue expanding its integrated healthcare services, leveraging technology to improve outcomes and exploring new partnerships to enhance its service offerings.