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RealPage® Introduces Senior Living Solution

Stocks in this article: RP

CARROLLTON, Texas, Feb. 9, 2012  /PRNewswire/ --  RealPage, Inc. (NASDAQ:  RP), a leading provider of on-demand software and software-enabled services to the rental housing industry, today announced an enterprise-wide, senior living solution that integrates Care Management, Community Management and Marketing Management into a single offering marketed under the trade name RealPage Senior Living. An overview of the new solution can be found at www. realpage.com/senior-living.

(Logo: http://photos.prnewswire.com/prnh/20110912/DA66533LOGO)

According to Steve Winn, chairman and CEO of RealPage, "Today we are announcing a major commitment to the senior living industry. We believe the introduction of a comprehensive, integrated Care Management, Community Management and Marketing Management platform that will help owners and managers attract more residents and improve the living and care experience enjoyed by those residents. RealPage Senior Living will eliminate the common industry practice of cobbling together solutions from multiple service providers."

Care Management combines the best features of both A.L. Wizard (acquired in 2009) and Vigilan (acquired in January 2012) to help senior living owners and managers improve quality of care and increase direct care revenue. It includes a powerful assessment tool that enables clinical staff to measure the changing acuity of senior residents, as well as a staffing plan to accurately price the delivery of care and achieve maximum revenue. Customers have found care fee increases of up to 30 percent and labor savings of up to five percent, when the assessment and care planning tools are used to document all care and optimize direct care staff.

Community Management is based on the company's leading software-as-a-service (SaaS) OneSite® property management system, which is used to manage several million apartment communities around the U.S. OneSite has been adapted to meet the unique needs of the senior living market, with modules for accounting, census and billing, electronic payments, purchasing and facilities. Community management includes a powerful accounting system with complete AP, GP and purchasing functions with consolidated reporting capabilities. It also includes a powerful census management system to properly record information about every resident, including a ledger that captures all charges incurred by the resident from other systems and presents them on a single, convergent bill. The electronic payments module replaces posting of paper checks and manual data transfers, reducing the risk for human error or delayed postings. All community management modules can be licensed individually or as a bundled suite.

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