The healthcare landscape is undergoing a transformative shift, with the focus pivoting from facility-centric care to home-based models. A report by McKinsey provides insightful projections on how healthcare could transition by 2025, highlighting the pivotal role of digital health in facilitating this shift [1]. For our digital health company, these insights are not just predictions but guideposts that shape our strategic direction and innovation efforts.
One of the key projections in the report is the substantial increase in home-based healthcare services. McKinsey estimates that up to $265 billion in Medicare spend could shift to at-home settings by 2025. This is not merely a change in the location of care delivery but signifies a fundamental transformation in how healthcare services are accessed, delivered, and experienced by patients.
The report underscores several drivers behind this shift:
For our digital health company, these insights translate into actionable strategies:
In conclusion, the shift towards home-based healthcare presents both opportunities and imperatives for digital health companies. By aligning our innovations, strategies, and solutions with the evolving healthcare landscape, we can be active participants in shaping the future of healthcare, ensuring that it is not only digitally advanced but also accessible, patient-centered, and equitable.
References:
[1] McKinsey & Company. (2021). From facility to home: How healthcare could shift by 2025. https://www.mckinsey.com/industries/healthcare/our-insights/from-facility-to-home-how-healthcare-could-shift-by-2025
One of the key projections in the report is the substantial increase in home-based healthcare services. McKinsey estimates that up to $265 billion in Medicare spend could shift to at-home settings by 2025. This is not merely a change in the location of care delivery but signifies a fundamental transformation in how healthcare services are accessed, delivered, and experienced by patients.
The report underscores several drivers behind this shift:
- Technological Advancements: The evolution of digital health technologies, including telehealth, remote monitoring, and digital therapeutics, is enabling the provision of healthcare services in home settings.
- Patient Preference: There is a growing preference among patients for receiving care in the comfort of their homes, driven by the convenience, accessibility, and personalized nature of home-based care.
- Economic Factors: The potential for cost savings for both healthcare providers and patients is also a significant factor, with home-based care often being more economically efficient compared to facility-based models.
- Policy and Regulation: Changes in policy and regulation, particularly in response to the COVID-19 pandemic, have facilitated the expansion of home-based care, with increased reimbursement and reduced regulatory barriers.
For our digital health company, these insights translate into actionable strategies:
- Enhancing Digital Platforms: Investing in and enhancing our digital health platforms to support the delivery of home-based care, including telehealth services, remote patient monitoring, and digital engagement tools.
- Patient-Centric Solutions: Developing solutions that are centered around the patient’s needs, preferences, and experiences, ensuring that our technologies are accessible, user-friendly, and add tangible value to the patient’s healthcare journey.
- Collaboration: Engaging in collaborations with healthcare providers, payers, and other stakeholders to facilitate the integration of our digital health solutions into the broader healthcare ecosystem.
- Data and Insights: Leveraging data and analytics to derive insights that can inform the development of personalized, predictive, and preventative digital health interventions.
In conclusion, the shift towards home-based healthcare presents both opportunities and imperatives for digital health companies. By aligning our innovations, strategies, and solutions with the evolving healthcare landscape, we can be active participants in shaping the future of healthcare, ensuring that it is not only digitally advanced but also accessible, patient-centered, and equitable.
References:
[1] McKinsey & Company. (2021). From facility to home: How healthcare could shift by 2025. https://www.mckinsey.com/industries/healthcare/our-insights/from-facility-to-home-how-healthcare-could-shift-by-2025
