Industry: Home care services
Projected 2018 revenue: $6 million
Since 1983, Stowell Associates in Milwaukee has provided integrated professional care management and home care for patients in the region.
The company’s care managers, nurses and master-level social workers handle patient aging, care coordination with medical professionals and medication management to ensure patients have the ability to remain independent as long as possible.
Last December, Chip Measells, chief executive officer, led a group of investors who purchased the company from founders Valerie Stefanich and Phyllis Mensh Brostoff.
Since the purchase, the company has hired several key personnel and is in the process of updating its core technologies and systems. Stowell also opened a new office in Waukesha and plans to hire 50 more caregivers in the near future.
Stowell has a 74 percent caregiver retention and satisfaction rate, well above others in the industry, but the shortage of qualified caregivers is still a challenge.
The company will launch a training program called Caregiver University this fall and has streamlined process and implemented caregiver appreciation programs to better attract and retain qualified caregivers.
Where do you see the most opportunity for the company?
“In addition to our new office in Waukesha, our goal is to expand to 10 new local markets within the next 10 years.”
– Chris Damico, marketing director.