The hospital at home model is growing as a result of the COVID-19 pandemic. Just two years ago, many people were skeptical that they could get the same quality of care at home as they would in the doctor’s office or at the hospital. The pandemic flipped the script. Now, many patients and their families have begun to experience the power of new, innovative technology that enables providers and their caregivers to deliver quality care in the home, making positive impacts on patient lives while also reducing costs.
The shift from the facility to the home also comes on the heels of the Centers for Medicare and Medicaid Services (CMS) introduction of the Acute Hospital Care at Home waiver, in which many health systems and hospitals were able to provide acute care at home to increase hospital capacity amid the surge of the coronavirus – and for a fee-for-service Medicaid or Medicare reimbursement. The success of these efforts have since encouraged lawmakers to extend this with the Hospital Inpatient Services Act, which allows for a two-year extension of the federal acute hospital-at-home waiver and pushes to potentially make it permanent for patients.
As a result of the rapid growth in the space and success of the hospital at home program, McKinsey estimates that within the next three years, up to $265 billion worth of care services, which totals about 25% the total cost of care, could shift from traditional facilities to the home – and without a reduction in quality or access.
While homecare providers are not responsible for providing acute care, they will be a critical component in ensuring the success of the hospital at home concept. Here are three main factors to consider as this movement continues to take hold.
As our industry shifts and evolves, homecare remains at the forefront of the ecosystem and will continue to be a critical component in achieving operational efficiency, increasing compliance, and improving patient outcomes. Our team is here to further guide you on your ongoing journey, ensuring you have the tools, technology, and resources necessary for long-term success as hospital at home continues to pick up steam.
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