When Life gives you Lemons …..
The global home healthcare market size is projected to reach USD 274.7 billion by 2025 from USD 181.9 billion in 2020, at a CAGR of 8.6% during the forecast period. Rapid growth in the elderly population and the rising incidence of chronic diseases, growing need for cost-effective healthcare delivery due to the increasing healthcare costs, and technological advancements of home care devices.
On the other hand, changing reimbursement policies, limited insurance coverage, and concerns regarding patient safety are factors limiting the growth of the market to a certain extent. The growing popularity of telehealth and untapped developing regions present significant growth opportunities for players in the home healthcare market https://bit.ly/3hOJjFV
For many of us, we can’t wait to get home from the hospital, and the sooner the better. This isn’t just because it’s where we want to be, it’s also better for your recovery once you no longer need hospital care https://bit.ly/3AB0K5p
The cost of care was nearly 40% lower and 70% lower readmission rate , Ai will bring this down further
Each participant had been admitted via the emergency department at Brigham and Women’s Hospital or Brigham and Women’s Faulkner Hospital with acute conditions that included infection, worsening heart failure, worsening chronic obstructive pulmonary disease (COPD), and asthma, that lived within 5 miles of the hospital. They were randomized either to stay at the hospital for standard care or to receive care at home, including nurse and physician visits, intravenous (IV) medications, remote monitoring, video communication, and point-of-care testing. Researchers measured the total direct cost of care, including costs for nonphysician labor, supplies, tests, and medications. The findings indicate that patients receiving at-home care had total costs that were almost 40 percent lower than for patients treated conventionally. https://bit.ly/2Uk9cVO