The world and our way of life have changed dramatically due to the COVID-19 pandemic. As businesses closed and hospital admissions for coronavirus patients were restricted to hospitals, home health care met the need for outpatient services.
The early weeks of the pandemic highlighted the potential of this concept. But research conducted before the pandemic showed that home health care was already on the rise.
In 2013, the size of the home health care services industry was estimated at $68.3 billion. Just seven years later, in 2020, the industry has grown more than 50% of his, to nearly $103 billion. As a result, state-owned enterprises are being set up across the country to meet the need to support the elderly and reduce healthcare costs.
Other countries such as Canada, Australia, and the United Kingdom have also seen great success with their home healthcare models. Substantial financial and clinical benefits support building this idea around the world.
Clearly, being able to receive care in the comfort of their own home is a big plus for older people who can avoid expensive hospital stays that can expose them to other viruses and illnesses. At home, they can get the tests, physical therapy, prescriptions, medical equipment and supplies they need.
Convenience is clearly an attractive factor, but so is cost-effectiveness for the overall healthcare system. Healthcare spending will account for more than 18.3% of his 2021 US GDP of $4.3 trillion. This spending is expected to reach $6.2 trillion by 2028, according to the Centers for Medicare and Medicaid Services.
The home hospital model was tested and developed by the Johns Hopkins University School of Medicine School of Public Health. This medical institution has found that it is best used by home care nurses, primarily to treat the elderly.
Data from a 2018 study published in the Journal of General Internal Medicine showed that the average daily cost of hospitalization was about $6,200 and the average cost of home health care was only $135, indicating significant savings possible. I’m here.
American Journal of Accountable Care Home health care has proven to be a highly beneficial alternative to hospitalization for millions of Medicare beneficiaries nationwide.
Patient safety, quality and patient satisfaction are among other key benefits.
In about seven years, people over the age of 65 are expected to make up 25% of the Florida population. Governor Ron DeSantis is acutely aware of the state’s aging population and is directing funds to help them.
As home health care funding is likely to increase in the coming years, older people are encouraged to take advantage of specialized services created to meet their very specific needs. To do.
John Grant is President and CEO of Seniors Across America and a former Florida Senator.
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