An idea just popped into my head --> I can write a LabVIEW daemon to make small (basically no-op) call to a MATLAB script node every 60 seconds to prevent the session from timing out.
This is hokey, but it will atleast serve my purpose here until somebody potentially offers a better solution.
Whelp, I'm dumb.
Apparently, any call to the MATLAB script node will open up a new session if the previous session timed out.
Nothing to see here folks, move along