Moving Care Into the Home Saves $3,000 Per Month for Some says Study
By shifting a number of medical services to the home environment, patent costs were reduced significantly, some as high as $3,000 per month according to a study by the Hospice of Michigan.
Funded by a grand from Blue Cross Blue Shield of Michigan, the study examined changes in service utilization and costs during patient’s advanced stages of illness in four primary areas: inpatient, outpatient, emergency room, and inhome support.
“This is a groundbreaking study that has significant implications for reducing high-cost medical services during the last 24 months of life and addresses the desire of older adults to receive care at home,” said Dottie Deremo, RN, MSN, MHSA, ACHE, President and Chief Executive Officer of Hospice of Michigan.
The study examined changes in service utilization and costs during patients’ advanced stages of illness in four primary areas: inpatient, outpatient, emergency room, and inhome support.
The costs of of providing inpatient, outpatient, and emergency room visits were significantly reduced following enrollment in @HOMe Support(TM), while the cost of at-home care rose as expected when patients were managed in their own homes said a statement.
The program provides 24/7 access to professionals for education, counseling, and home visits at times when they are needed most – times of medical crisis occurring after hours, on weekends, and during holidays.
One group of @HOMe Support(TM) patients, which included both Medicare and non- Medicare adult patients with a variety of illnesses, experienced an average reduction in total costs of $3,416 per month (from an average cost of $9,294 per month) for a cost savings of more than 36 percent.
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