Critical Challenges in the Long-Term Care Industry
Critical Challenges in the Long-Term Care Industry
Jessica Le, Executive Producer of the marcus evans Long-Term Care CXO Summit Spring 2012on the key issues facing the long-term care industry.
Nicosia, Cyprus, January 25, 2012 – FOR IMMEDIATE RELEASE
The healthcare industry has undertaken tremendous changes during the Obama administration and long-term care has certainly been affected by this transformation. Healthcare reform called for cuts in reimbursement to skilled nursing facilities and the reform also brought Accountable Care Organizations (ACOs) into play. These ACOs are aiming at providing a continuum of care for patients, resulting in some healthcare systems looking at partnering with long-term care providers to facilitate coordinated care for the elderly. Other key issues facing the LTC industry include implementing electronic health records, branding facilities to be lifestyle communities rather than “dreary old nursing homes”, preparing for 70 million baby boomers that have just begun to retire and continually finding ways to improve patient care and satisfaction.
The central issue that long-term care providers are facing is pressure to boost the bottom line. With less reimbursement money coming in, it is essential that margins are controlled. The two ways that providers are looking to do this are through cost cuts and new revenue streams. Thorough analysis of every department typically results in several areas of improvement, from more efficient processes to unfortunate layoffs. New revenue streams provide a way to grow the company long-term but most solutions will require at least minimal short-term funding. Some examples of this revenue could be anything from a modern Alzheimer’s wing to providing a food court, gaining revenue from new patients and tenants respectively.
Even with all the obstacles that healthcare reform has presented, the future of long-term care remains very bright. Exciting new lifestyle communities are cropping up all over the country with staff that truly cares for and knows how to treat seniors. The baby boomers will bring millions in revenue to the industry over the next several decades by presently placing their parents in facilities and eventually themselves, as they look to find communities that are comfortable and capable of supporting their needs and wants.
Contact: Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits Division
Tel: + 357 22 849 313
Email: press@marcusevanscy.com
About the Long-Term Care CXO Summit Spring 2012
Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The Summit includes presentations on the Health Care Reform, innovative quality improvement, and staff recruitment and retention strategies.
For more information please send an email to info@marcusevanscy.com or visit the event website at www.longtermcaresummit.com/JLExecutiveInsight
marcus evans group – healthcare sector portal
Please note that the Summit is a closed business event and the number of participants strictly limited.
About marcus evans Summits
marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings. For more information, please visit www.marcusevans.com
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Middle East Institutional Investors Should Understand This is Not a Cyclical Crisis
Middle East Institutional Investors Should Understand This is Not a Cyclical Crisis
Albena Georgieva, Executive Producer of the marcus evans Middle East Investments Summit 2011, shares her views on key investment trends for 2012 and looks behind the curtain of the region’s most respected event for local institutional investors.
Dubai, UAE, January 19, 2012 – FOR IMMEDIATE RELEASE
As the Arab Spring enters its second year, Middle East equity markets are down substantially. Adding to the pressures on the region are declining commodity prices and the contagion effects of the eurozone crisis. What would 2012 hold for Middle East institutional investors?
The fifth annual marcus evans Middle East Investments Summit 2011, which took place on 23 – 24 November 2011 in Dubai, UAE, provided a closed-door platform for over 80 carefully selected Middle East family offices, insurance companies and private banks. Participants had an opportunity to discuss asset allocation trends for 2012, as well as update themselves on the latest in risk management and Islamic finance.
Understanding that the world is not going through a cyclical crisis is the most crucial piece of knowledge Middle East investors would need to survive the turmoil, agreed summit attendees. There is very little idiosyncratic risk left in global markets, and with a prevalence of systematic risk, MENA institutional investors must assess the size of their risk positions, acquire an accurate liquidity view and ensure effective use of leverage.
Not far behind in importance is systemic risk. If general distress in MENA capital markets is paired with the potential externalities of financial institutions, a disruption in the real economy would be unavoidable. It is therefore paramount for Gulf economies to gauge the impact of large defaults, as well as monitor fundamentals and fund flows to determine systemic hot spots.
Risk management would remain high on the agenda of Middle East institutional investors, it was highlighted in summit discussions. It is imperative to limit downside risk by using various floors. Diversification is no longer a free lunch for all – it gives no benefit in the short term, as shown in recent studies of correlation.
One solution suggested at the marcus evans Middle East Investments Summit is to invest conservatively for short periods of time. According to another speaker, the current reality is one of passive aggressive investing. Investors tend to hold cash and invest small amounts in very risky assets. If Middle East investors can reverse this mindset, they would be able to take advantage of other people’s loss aversion. According to a behavioural finance expert who presented at the summit, people hate losing twice more than they like winning. MENA institutional investors should therefore aim for slow and steady returns.
Short-sightedness is a cause of risk, most attendees agreed, because it creates illusory wealth. Islamic finance promises to remove “imaginary” products by relying on the two pillars of realism and ethicality. Islamic finance can without doubt bring diversification to Middle East institutional portfolios, but it must deliver to value chain expectations. While Sharia’a investing can easily complement conventional finance, Islamic finance experts must work to resolve the form and substance issue.
For a big part of the audience at the marcus evans Middle East Investments Summit real value can be found in investing for the 80 per cent economy, focusing on job creation and the daily well-being of ordinary people during times of turmoil. Social development, transportation and healthcare in the MENA region were highlighted as main themes for 2012, but governance transparency remains an issue, as many management boards usually do not change for years. With the private sector largely underdeveloped, domestic demographic demand is key to capital growth for Middle East investors. Market players should aim to add value and stay away from sectors with extra supply – the broker’s business model is bust.
While a majority of the audience at the summit was oriented towards long-term investing, opportunistic behaviour seems to be catching on according to part of the speaker panel. Fear for inflation is irrational, some economists said, because there are no real pressures for inflation at the moment. However, chronic sources of volatility are still driving up gold prices, even though its production cost does not justify its current value. If Middle East institutional investors would like to flourish in 2012, they should find a way to take less risk and get similar returns. Suggestions on how to achieve this delicate balance included emerging market bonds, investing in education, and even distressed secondary private equity, if there was better fee transparency.
B. C. Forbes once said: “It is only the farmer who faithfully plants seeds in the spring, who reaps a harvest in the autumn.” Middle East investors should use the difficult transition of the Arab Spring and global economic uncertainty to plant those seeds in 2012 that would bring them prosperity in the years to come.
Contact: Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits Division
Tel: + 357 22 849 313
Email: press@marcusevanscy.com
About the marcus evans Middle East Investments Summit 2011
This unique forum will take place at the Park Hyatt Dubai, UAE, 23 – 24 November 2011. Internationally acclaimed as the leading event for Middle East institutional investors, the Summit offers much more than any conference, seminar or trade show. This exclusive meeting will bring together esteemed institutional investing experts and market leading solution providers for a highly focused and interactive networking event. The Summit includes presentations on seizing attractive investment opportunities, gearing up for new regulatory regimes, and securing portfolio performance.
For more information please send an email to info@marcusevanscy.com or visit the event website at www.mei-summit.com/AGExecutiveInsight
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The Investment Network – marcus evans Summits group delivers peer-to-peer information on strategic matters, professional trends and breakthrough innovations.
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Please note that the Summit is a closed business event and the number of participants strictly limited.
About marcus evans Summits
marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-to-one business meetings. For more information, please visit www.marcusevans.com
All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to press@marcusevanscy.com
The Existence of Alpha Questioned at the AIE Summit
The Existence of Alpha Questioned at the AIE Summit
Brittany Ryan, Executive Producer of the marcus evans Alternative Investments Europe Summit 2011 shares insights from the annual go-to meeting for Europe’s most sophisticated institutional investors.
Montreux, Switzerland, November 28, 2011 – FOR IMMEDIATE RELEASE
Commencing amid frenzied reports announcing banking powerhouse Dexia as the first victim in what is proving to be an epic Greek tragedy, there was no lack of food for thought at the annual marcus evans Alternative Investments Europe Summit. Questions surrounding those trusty sovereign bonds that protected so many portfolios from the crisis of 2008’s ripple effects were exacerbated by Eurozone uncertainty. To say that there was increased interest in alternative investment approaches would be an understatement.
But where and how are still questions to be debated among Europe’s institutional investors and with risk appetites ranging from nauseas to peckish at best, due diligence will be a key priority regardless of promised returns. A candid discussion on manager selection lead to a couple of key conclusions: a standard procedure is not enough and the threshold for complexity is substantially lower. The panel conceded that some things, like fraud for example, cannot be predicted. One investor pointed out that even Madoff himself had best in class marketing material on due diligence.
Summits Newsletter march 2011
Montreal
Congratulations to JD for making it onto the Ambassadors leaders board with a deal in March. Additionally, congratulations to the Energy team where SB and SA and TR were able to turn DTI into one of our strongest! JP books his second deal and becomes senior in 2 short months, well done! Congratulations to AA on his first deal by working hard on the Investments team. Overall great efforts and contributions from all executives, great job!
Toronto
Congratulations to BS and JE who contributed to the great success of our Legal Summit. Additionally, congrats to LB, AC and RM on their deals in March! Last but not least, Toronto welcomes back JD to the office with the anticipation of much success moving forward!
Chicago
Congratulations to our top Ambassador, MB, is who currently taking the lead in the Ambassadors Club. Congratulations to JC, AP and JJ on their first deals in March!
New York
Congrats to DS on a great month! We look forward to another strong month in April!
Los Angeles
Congratulations to RK on taking the 3rd spot in the Ambassadors Club and is still climbing! Looking forward to hearing about all the continued success from sunny Los Angeles!
San Diego
Congrats to MR and his super team at our Legal Summit. Great team effort and looking forward to hearing many more success stories from San Diego moving forward!
Summits Newsletter february 2011
Montreal
Congratulations to Montreal for officially claiming the title of the NUMBER ONE TOP PERFORMING SUMMITS OFFICE IN THE WORLD! Montreal recently took the title from Berlin who had been in the number one spot for a while back. This is a huge accomplishment and could not have been achieved without GR and his management team as well as the top producing reps! The team won $10k and will have the opportunity to have a fun team building weekend. Congratulations to our new Ambassadors, CD, FA and SB looking forward to hearing about your continued success. In addition, congratulations to AR on her promotion to manager, best of luck in your new position. SB has now been promoted to Team Leader, well done, your hard work and proven leadership skills have shown great merit. Congratulations to DR on attending his first Summit and being promoted to Senior Executive. SB booked the first deal on the Waste Water Summit, well done! Last but not least, congratulations to MD and JP on their first deals! Looking forward to hearing about all the great success from Montreal CANADA!
Toronto
Toronto welcomes GR who is dedicated to building and growing the office by combining Montreal and Toronto’s success. Looking forward to hearing great news from Toronto in the months to come! Congratulations to CS and FK who have both taken on the opportunity to make the move to Singapore. Well done! Toronto also welcomes back JE onto the team. Congratulations to a great team who is fully committed to finding a lot of success moving forward. Last but not least we would like to welcome CS and JW on board! Looking forward to hearing about your first deals shortly!
New York
Firstly we would like to welcome MM, who is working with us in New York in her key account role. She brings a wealth of investments sales knowledge to the office and has been a great addition to the team.
IC achieved a rare feat of booking 2 deals on 1 day, a new highlight amongst many others for her over her last 10+ years with the company. Congrats!
We would like to congratulate AB as a recent addition to the Ambassadors Club as well as DS’s recent promotion into the Managers Training Program.
We would also like to welcome AL our new sales assistant to the office. We all agree that you’re doing an exceptional job, keep up the great work!
Chicago
Congratulations to our top stars AR and MB on becoming the new Chicago Ambassadors. MB has proven his skills by generating two new business deals in two weeks on a brand new summit! AR has shown great consistency in her efforts and abilities, well done! Chicago welcomes Andrea, Kristen, Nycolle, Casey, and Richard to the ME team; looking forward to hearing about the smashing success very soon! In addition, congratulations to LB on becoming a manager and proving her skills by consistently generating new business and mastering the process.
Los Angeles
The Ambassadors Club welcomes RK on board. Congratulations! Congrats to GD for his recent promotion to SAE Good luck to the entire team, looking forward to hearing about many more success stories!
San Diego
NC and JE master their pitch while putting in practice the skills learnt from the Ambassadors calls. Congratulations to Jared on booking his first deal. DL books 4 deals, JD books 3 and DK books 2 deals, great job! Looking forward to hearing many more success stories from the San Diego team!
The third round of the Ambassadors Club is well under way. The Ambassadors are taking part in weekly case study activities, are getting special tips from top management and are getting the opportunity to have one-on-ones directly with our CEO!
January 2011 Blog
We are ready to kick off a great year with brand new opportunities up for grabs for 2011. December was filled fun and laughter and of course business. Congratulations to all Summits for ending December on a strong note with a shorter month. As usual, exciting news for the Summits team…more training, more business, and more incentives.
Montreal:
Montreal continues to keep the fire burning. After a record breaking month in November, December fell not too far back. The Montreal Canadians were able to respectively end off a shorter December with their heads held high. Way to go Montreal! All their hard work and effort has not gone without notice. The team was rewarded with a fine dining Christmas dinner party as well as tickets to the Hockey game. Of course, Canadians do love their hockey, and the night wouldn’t have been the same without complete win against the Boston Bruins. The Montreal team exchanged gifts, won prizes and had a great time. Congratulations to Rob and Draga on winning the raffle for an iPad and the new Xbox 360! As the Montreal team gets back to business, the Ambassadors are excited get more valuable training. Congratulations to Angelique and Bridget who will be making their way to NYC and Sarah who will be visiting the Toronto office as part of the program incentive. Well done! Special congratulations to the all-star closer Geoff on his promotion to COO of Canada. Best of luck in all your future endeavors and looking forward to the collaboration between Toronto and Montreal. Finally to jump start the New Year, Montreal has launched their first major incentive, a trip to Miami, Florida! Good luck to all!
Chicago:
Chris’s hard effort and dedicated work ethic proved him right. Congratulations Chris on your first deal! Experienced closers Megan and Lisa were officially appointed team leaders and now have the ability to mentor and guide new executives. Great job! Congratulations to Jeremy on winning the CHITOWN classic poker tournament and taking home $1,000 cash prize!
New York:
Despite a short month, with a lot of effort and hard work, the NYC team managed to end off with a strong month. We are looking forward to a huge start to the New Year and will be making exciting new staff announcements over the weeks to come. We are looking forward to conducting more staff development programs over this year to help everyone achieve both their financial and career goals. Some notable achievements from December were India’s huge year-end effort and determination to ensure she wasn’t going to finish the year without a sale. Congrats India! Other big achievements were Adam’s 2 deals over the last 30 days. Great job Adam, continue to focus on your process and let’s keep the momentum going through 2011. A proud moment for all of us, Devin finally stepped into a new dimension closing 2 deals in 1 day on the final day of our year. Finally to jump start the New Year, NYC has launched their first major incentive, a trip to Miami, Florida! Good luck to all!
Los Angeles:
The LA office makes history in December. On December 23rd, the last working day of the year, the superstar team closed an amazing deal. Great advice from Brian always plays a key factor in making it happen! Also, notable achievements for Russel closing multiple new business deals. Great team work! Let’s kick off the New Year with a record breaking month to follow!
Toronto:
Congratulations to Adam on his big move to Singapore. Best of luck in the Asian Market and looking forward to hearing from all the great success! Congratulations to senior staff and management and great collaboration and team work throughout the month!
San Diego:
Congratulations to Marc and his team of leaders! Despite a shorter month, the San Diego team was able to shine by ending off the New Year with great accomplishments! Looking forward to hearing about all the exciting news from a Rock Star Team!
Training and Development:
“The training and development team is hard at work creating new and stimulating programs for our staff. We are developing cutting-edge training programs that will allow our teams to learn, achieve and grow. Our Ambassadors Training Program was a huge success and we will be rolling it out for the third time next week. We are pleased to announce that dedicated senior staff have showed their interest in the opportunity to be part of the group be submitting their applications. There is always exciting news in the Summits Division! More announcements will come shortly.” Gaby Abergel, Director of the Training and Development Team quotes.
Jon Stromberg THG CEO North America: South American Sales Team to Expand in Chicago
Due to a number of significant events in South America in the coming years, THG Sports is expanding its South American sales team to support its executive sports entertainment efforts.
“The opportunities are significant for the right person,” says THG Sports CEO Jon Stromberg. “We’ve had great success with our bi-lingual South American sales team and want to expand it.”
THG is seeking a Sales Executive fluent in Spanish and Portugese to work with its South American sales team, which operates from THG’s North American Headquarters in Chicago. The candidates should be fluent in writing and speaking both languages.
Specific qualifications for the candidate include: A minimum of two successful years of sales experience, or a strong desire to develop sales skills and succeed in corporate sales.
THG’s executive package includes: Initial and ongoing sales training, management promotion opportunities based on performance, international sales opportunities, salary and uncapped commission structure (first year earnings average between $75,000-$100,000), full group health benefits and 401K.
For more information about the Sales Executive position and THG, visit our Career Builder ad here.
marcus evans is one of the worlds leading providers and promoters of global summits strategic conferences, professional training, in-Company training, business-to-business congresses, sports hospitality and on-line information. The company also owns a leading football club, represents Hollywood stars and produces films and entertainment.
