CDR Assessment Group's CDR-U platform is taking executive training to help grow and develop talent at every level. Photo courtesy of CDR

What if executive training and professional development didn't just reach the C-suite? A business management company is tapping into tech to bring quality leadership assessments and coaching to all levels with its latest product.

CDR Assessment Group plans to help employees grow at their work, overcome stressors, and increase diversity in management within the workplace with its recently launched CDR-U platform.

"The vision was to extend a deep level of self awareness to all employees," explains Nancy Parsons, president of CDR Assessment Group.

For more than 20 years, the company has developed in-depth assessments and coaching. CDR Assessment Group has now adapted its existing three-pronged CDR 3-D Assessment Suite into CDR-U, a program available to employees throughout an entire company.

According to the company, entry-level employees and mid-level managers make up 85 percent of the workforce. Employers who solely focus on C-suite executives leave behind a majority of their workforce. CDR-U targets these individuals with personalized, AI-style coaching that can be accessed at any time of the day.

"It's really exciting because through this process, now people can really get in touch with their strengths and gifts to a nuanced level. It's not like a Myers Briggs or a DISC, it goes way deeper than that," explains Parsons.

CDR-U features three assessments that ask a series of questions to determine the character, drivers and rewards, as well as the risks of each employee. Rather than a simple report, the program will then offer a personalized debriefing using an AI avatar the employee can choose, which explains the results and coaches the employee through an individualized process.

"The graphics are from your actual results. It's not some generic thing up on the screen," shares Parsons, "We just wanted it to feel like they were being talked to by something that's as close to human as we could get."

After the debrief, employees can access CDR-U's Developmental Action Planning Module to help employees assess their risks "on a deeper level" and "formulate a plan," explains Parsons.

Nancy Parsons is the president of CDR Assessment Group. Photo courtesy of CDR

To Parsons, self awareness is key. "You would be shocked at how often people are not really in touch with some of their best strengths. They certainly don't know the risks and careers go off track quickly," she says, "It's so important that people really know themselves at this level so that they're not under-utilizing strengths."

Understanding themselves also helps employees to "do what they love so they can really enjoy their work," she explains.

At a time when the American workforce has been relegated to a work-from-home model, Parsons feels that the coronavirus pandemic has employees feeling detached. "We're often more stressed or our risks are probably showing more and we feel detachedwe feel cut off from our team," she shares, "It's a way to give people some real reassurance."

If team members are feeling especially down, companies can share CDR-U data and create team debriefs to help them through.

"I think it's more important now because people are stressed, they are kind of depressed and this is a way to pull them back," says Parsons.

Aside from a health pandemic, the United States is also experiencing increased racial tensions around the country. Business Insider reports that as companies are speaking out in support of the Black Lives Matter movement, some have poor records of diversity and inclusion in their own workplaces. Corporations like Adidas, Estée Lauder Companies, Facebook, and PepsiCo are just a few of the many organizations making actionable pledges to hire and promote BIPOC within its organization, according to the New York Times.

Women have also been historically marginalized in the workplace, with McKinsey's Women in the Workplace 2019 report showing that "women continue to be underrepresented at every level."

When using data from CDR-U, racial and gender biases are no longer in the picture. "This is the best diversity tool out there because the data is race and gender-neutral. This way we can stop screening out so many women and minorities because their true talent will shine through," explains Parsons. As a scientifically-validated and neutral assessment, businesses have the ability to identify potential leaders who may be overlooked due to human biases.

"It's an objective measure against the rest of the population. It is a self-questionnaire—nobody is rating you. It's a snapshot or a fingerprint of who you are," she shares.

Parsons hopes to help people identify their strengths, stay engaged, and find the path that is best for them.

"When people are able to work in harmony congruently with what's best about them, it's going to change the dynamics of organizations and leadership. . .That's why I'm doing this," she says.

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Houston startup raises $6M to scale home-based healthcare platform

fresh funding

As healthcare systems race to expand care beyond hospitals and into the home, investors are placing bigger bets on the infrastructure needed to make that shift possible.

This month, Rosarium Health announced it has raised $6 million in seed funding led by Kalos Ventures, with participation from ResilienceVC, Rock Health Capital, Symphonic Capital, Black Tech Nations Ventures and others.

The investment will help the Houston-based startup continue to build its platform, which features a national network of 800-plus clinicians and 3,000-plus contractors to coordinate home accessibility upgrades and modifications for seniors and people living with disabilities.

For founder and CEO Cameron Carter, the company’s mission grew out of firsthand caregiving experiences.

“From my own personal caregiving experiences, I realized that the benefits exist on paper, but not in reality,” Carter said in a news release. “Families are being left to figure out the paperwork and installations all on their own, which shouldn’t be how this works.”

While Medicare Advantage and Medicaid plans have expanded coverage for home-based services and accessibility modifications, the logistics behind delivering those services often remain fragmented.

Rosarium’s platform coordinates the entire process, from clinical assessments and referrals to contractor management, documentation, reimbursement and installation.

“A clinician can document that a home isn’t safe and a plan can approve a benefit, but there’s no one that’s responsible for making sure the work actually gets done,” Carter says. “We built the missing piece.”

The company was founded in 2021 as Rose Health and was a 2023 participant in the Texas Medical Center’s Accelerator for HealthTech program. It has scaled quickly, building a network of more than 800 clinicians and 3,000 contractors across 34 states.

Rosarium is currently in-network for 1.2 million Medicare and Medicaid lives, with projected coverage expected to reach nearly 4 million by the end of the year, according to the release.

“We’re excited to back Cameron because he and the team at Rosarium are building the infrastructure healthcare needs right now to make the home a safe and comfortable place of care,” Kate Ballinger, investor at Kalos Ventures, added in the release.

As part of the recent investment, Ballinger will join Rosarium’s board of directors.

With eyes on the future, Rosarium plans to grow its partnerships with Medicaid and Medicare Advantage plans, including CalViva and Community Health Plan of Imperial Valley, strengthening its presence in California while expanding access to underserved communities.

Additionally, Carter predicts that home-based healthcare will be part of a broader transformation happening across the industry.

“There’s a growing recognition that health outcomes are shaped by what happens in the home,” he said in the release. “The future of healthcare isn’t just treating people after something goes wrong. It’s creating environments that help prevent those problems in the first place.”

Houston business mogul Tilman Fertitta acquires Caesars in $17.6B deal

Money Moves

Houston billionaire Tilman Fertitta may currently be serving as America’s ambassador to Italy, but his company is as busy as ever. Fresh off its move to revive the Houston Comets WNBA franchise, his company, Fertitta Entertainment, has announced a $17.6 billion deal to acquire Caesars Entertainment, Inc.

Speculation about the deal has been circulating since at least March, according to various media reports. The deal combines Fertitta’s well-known Golden Nugget casino brand with all of the properties in the Caesars’ portfolio, including Las Vegas hotels Caesars Palace, Harrah's, Paris Las Vegas, Planet Hollywood, Horseshoe, The LINQ Hotel, Flamingo, and The Cromwell.

Overall, the combined company will include 60 domestic casino resorts and gaming facilities; online gaming including sports betting, iCasino, and Caesar’s online poker platform; retail sports betting at over 200 third-party locations through the William Hill brand; and over 550 Fertitta Entertainment outlets, including more than 450 Landry's full-service restaurants across America. The companies will combine their loyalty programs, Caesars Rewards, Golden Nugget's 24 Karat Select Club, and Landry's Select Club.

The terms will see Caesars’ shareholders receive $31 per share. Fertitta Entertainment will also acquire approximately $11.9 billion of Caesars' outstanding debt.

The transaction will be financed through a combination of equity contributed by Fertitta Entertainment, assumed Caesars' debt, and new committed debt financing arranged by a group consisting of 10 banks. It is subject to approval by Caesars’ shareholders and government regulators.

Fertitta Entertainment is the Houston-based company behind a diverse array of hospitality businesses, including The Golden Nugget, The Post Oak Hotel, River Oaks District, the Kemah Boardwalk, and Houston’s Downtown Aquarium.

It also operates a number of prominent restaurant brands, including Mastro's Restaurants, Del Frisco's Double Eagle Steakhouse, Morton's The Steakhouse, The Palm, McCormick & Schmick's, Landry's Seafood House, The Oceanaire Seafood Room, and Saltgrass Steak House.

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This article first appeared on CultureMap.com.