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Explore the untapped potential of Hospital-at-Home services, a cost-effective alternative to in-patient care. Learn about market projections, challenges, and benefits. Join the global conversation and drive innovation in healthcare.
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Hospital-At-HomeExtending the Continuum.... Vince Kuraitis JD, MBA Better Health Technologies, LLC www.bhtinfo.com (208) 395-1197
A huge potential disruption.... • ...that hardly anyone in the U.S. is talking about...yet...is... • Hospital-At-Home (HAH)
Hospital at home is defined as a service that provides active treatment by health care professionals, in the patient's home, of a condition that otherwise would require acute hospital in-patient care, always for a limited period.
$34 B Market for Healthcare Unbound Technologies $US (billions) ADL/elder $0.35 $0.37 $0.47 $0.59 $0.73 $0.98 $1.2 $1.6 $2.0 $2.4 $3.0 $3.7 Chronic $0.10 $0.13 $0.22 $0.38 $0.65 $1.2 $3.8 $12.1 $23.1 $26.3 $25.7 $26.7 Acute $0.00 $0.00 $0.00 $0.00 $0.01 $0.02 $0.65 $2.0 $3.6 $3.5 $3.0 $3.2 Total $0.45 $0.50 $0.69 $0.97 $1.4 $2.1 $5.7 $15.7 $28.7 $32.3 $31.7 $33.6 (Numbers have been rounded)
While there is some overlap.... Disease/condition management is mostly about avoiding hospital care (and other high-cost care) HAH is mostly about substituting for hospital care
Hospital-at-Home -- Background • Concept emerged in the 1960s • Significant research/literature base • Almost all outside of U.S. • Cochrane review • Johns Hopkins as only U.S. project • HAH definition varies • NOT based on leveraging technology • But, HAH can be turbocharged with technology • Early example of a company with a HAH business/care model – Care Level Management
Elaborate Proof of a Hypothesis..... The Willie Sutton Theory of Hospital-At-Home Projected 2014 U.S. Annual Hospital Costs = $1 Trillion Projected 2015 Healthcare Unbound market of $34 B = 3.4%
Cost reduction opportunity Hospital safety/error issues Concerns over hospital acquired infections Patient preference for home Benefit structures & incentives Advancing tech allows for safe care in home Potential burden on caregivers Risk of HAH being viewed as a reincarnation of managed care Physician concerns and inconvenience? HAH Driving/Restraining Forces
Long-term....A (Not So) Rhetorical Question • If we can spend $1 Trillion a year in the U.S. to care for people in buildings where • There is a high risk of infection • 98,000 people die annually due to medical errors • The cost of care is higher than anywhere else • People don’t want to be Why would we spend only 3.4% as much ($34 B) to care for people in their homes and communities?
Call to Action The U.S. needs to join & advance the world dialogue about hospital-at-home
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