What it does: It provides managed long-term care and support services to elderly, special needs and dual-eligible individuals, focused on keeping them out of hospitals and nursing homes.
How it grew to become one of healthcare's hottest: Independent Living Systems' success has come by being ahead of the curve in focusing on reducing unnecessary hospital admissions. Though the company was founded in 2001, the proprietary software system for managing patient care and social services was in development as early as 1998. “It's better medication management and nutrition management. It reduces emergency room visits and hospital readmissions,” says Nestor Plana, founder, president and CEO.
The company piloted a program in 2008 to reduce hospital readmissions, long before it was a hot topic.
