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Capturing the magic of Catalyst 2019 with these “need-to-knows” about PERs, mPERS and professional monitoring

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Wednesday, May 22, 2019

Earlier this month, I attended Catalyst 2019, hosted by Affiliated Monitoring, at the “happiest place on Earth,” where “magic” literally happens moment by moment. With two main goals—education and networking/relationship building—this year’s Catalyst provided a ton of “magical” nuggets that all PERS and mPERS professionals need to know.

Need to Know Data

Daniel Oppenheim, Affiliated Monitoring’s CEO, pumping up the audience with his keynote and survey results from Edmonds Group: in 2017, PERs signed up 1.4 million service customers. This data is significant, because up until then, the PERs industry didn’t have good data revealing the size of this niche industry.

Oppenheim continued on, explaining how professional monitoring protects our 911 system: Of the 3.4 million active PERs customers, 51 percent press their button every month. This results in 1,734,000 professional monitoring interventions per month, saving 166,464 lives per month and preventing 1,567,536 calls to 911 per month. To continue “protecting seniors and giving peace of mind to caregivers,” Oppenheim suggested the need for professional monitoring companies to partner with government entities.

Need to Know Challenges

The top three PERs company challenges are:

1.    Telecom changes – The National Center for Health Statistics found 24 percent of those aged 65 and older have do not have a landline phone and within the next five years, VoIP adoption is expected to see a 124 percent growth rate.
2.    The 4G transition – Carriers say there will be no new 3G Sim activations after THIS summer, with the 3G network forecasted to shut down by February 2022.
3.    “Self-monitoring” and overcoming customer objections – Educating customers as to why PERs and professional monitoring is needed when there are so many smart devices on the market today, including smart speakers and watches, and emergency alert apps.

Need to Know Telemarketing Insights

Michele Shuster, partner, MacMurray, Petersen & Shuster, LLP took the Catalyst stage, gave some important advice regarding:

•    Third-party lead generation (gen) – if you purchase leads, know exactly where the company is getting those leads from; make sure lead gen contracts include “callable leads,” meaning the consumer understood that by providing their information they will be contacted; train your staff on how to make calls lawfully and audit using scrubbers. Shuster also said if you receive a letter threatening to get sued because one of your company representatives called a consumer, do not ignore the letters; be proactive by obtaining legal advice.
•    Consumer data – if your company has collected sensitive data about consumers and that information isn’t needed, get rid of it.
•    STIR/SHAKEN – make it a point to understand this new technology standard to ensure calling numbers aren’t spoofed, or the calling telephone number is not altered.

Shuster explained that basically, a trust token is issued from a telephone company, authenticating all the company’s phone numbers. The type of token issued dictates whether your call will get through without harmful labels being placed on it, or even getting blocked.

Need to Know Business Operation Tips

Richard Brooks, president, healthcare division, ConnectAmerica, gave the executive keynote, with business tips interspersed throughout:
•    Your teams make you successful; make sure each team member knows their jobs and their importance to the overall success of your PERs business.
•    Build “on-ground” relationships; you have to actually “touch” people so get “feet on the street.”
•    Your employees are your most important asset because they talk to your customers, sell your products and serve people.
•    Employees need to understand everything they do can impact a life.
•    As your PERs business grows, it’s impossible to do everything, so hire a management team to help with leadership.
•    For small PERs businesses, emphasize you’re the “local PERs provider” because seniors like local.
•    Local relationships are key for small PERs companies getting bought by larger companies. Know the key local people, interact and establish a good relationship. Brooks also advised keeping great books and records, staying on top of cash receipts.

Attending events is an exciting part of my managing editor role here at Security Systems News, which suites me to a tee because I love learning and then sharing my newfound knowledge with our amazing readers.