Baycrest

message from the chair of the baycrest board of directors and the president and chief executive officer of baycrest NOW is the time to transform THE future Why Next Generation? Because whenever the time was right over the course of our almost 100-year history, we adapted to changing needs to remain at the forefront of seniors' care, research and education. Today is such a time. The world is bracing for an unprecedented demographic shift that will see the number of persons over age 60 grow by 1.2 billion in the next 40 years, with those aged 80 and up growing at the fastest rate. Every great achievement starts in the imagination. This past year, the best minds at Baycrest have been imagining nothing short of a transformation in the experience of aging for millions worldwide. How would that be achieved? In leading this transformation, what does Baycrest have to offer that no other organization in our field can match? Our examination of these critical questions, which involved measuring our strengths and identifying areas for improvement, has resulted in a bold new organizational structure we are calling the "Next Generation of Baycrest". Outlined in this report, this new approach will enhance the integration of care, research and education at Baycrest and create new sources of revenue by commercializing our science and care innovations through business partnerships. A declining birth rate and rising life expectancy have combined to create this trend. While many seniors will remain healthy enough to enjoy greater longevity, there are serious challenges inherent in this shift, one of the most notable being a sharp increase in the rate of dementia. The social and economic demands of Alzheimer's disease, stroke and other brain disorders will put an enormous strain on individuals, families and health-care systems everywhere. We currently provide a comprehensive suite of evidence-based services to 2500 seniors a day. We believe we are uniquely positioned to expand those services on a national and international scale not just to share our excellence in aging care but to create new sources of revenue for the development of Baycrest. An independent benchmarking study has validated our readiness for this role. The study found that while global peers that focus on aging and cognition demonstrate excellence in research and clinical care, few match the breadth and uniqueness of the integrated models of service delivery and the calibre of translational research at Baycrest. To view this report online, visit baycrest.org. To view this report on a smart phone scan this QR code 4 2010/11 Baycrest and Baycrest Foundation Annual Report

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