April 18, 2023
When patients are discharged from hospitals and nursing care facilities, they often need additional support to aid in a speedy recovery. Unfortunately, many of these patients do not receive the necessary in-home caregiver support they need, which can result in rehospitalizations, increased medical costs, and slower recovery times. In this article, we will estimate the cost of not providing caregiver support to hospitals and health systems and explore the evidence supporting this claim.
The Cost of Not Providing Caregiver Support:According to a study by AARP, approximately 41 million Americans provide care for a family member or friend. However, due to various factors such as distance, time constraints, and a lack of training, many family caregivers are unable to provide the level of care their loved ones need, leading to negative health outcomes and increased medical costs.
In fact, a report by the National Alliance for Caregiving found that inadequate caregiver support leads to approximately $25 billion in additional healthcare costs each year. This includes rehospitalizations, emergency department visits, and extended hospital stays. Additionally, a study by the University of Pittsburgh found that patients who received in-home caregiver support had a 25% lower risk of rehospitalization compared to those who did not receive such support.
Providing in-home caregiver support can greatly improve patient outcomes and reduce healthcare costs. Caregivers can assist with medication management, wound care, and physical therapy, as well as provide emotional support and companionship, which can improve mental health and overall wellbeing.
Furthermore, in-home caregiver support can also reduce the burden on hospitals and health systems by preventing rehospitalizations and reducing emergency department visits. This not only saves money but also frees up hospital beds and resources for those who truly need them.
The cost of not providing caregiver support to hospitals and health systems is significant, both in terms of financial costs and negative health outcomes for patients. Providing in-home caregiver support can greatly improve patient outcomes and reduce healthcare costs, making it an essential component of the healthcare system. By investing in caregiver support, hospitals and health systems can improve the quality of care for patients and reduce the burden on the healthcare system as a whole. If you are interested in exploring a partnership contact us today.