Home medical equipment allows seniors, persons with disabilities or chronic health issues, and individuals recovering from an accident, surgery or illness to stay in their homes, often at a much more affordable cost than a brief stay in a hospital or a longer stay in a nursing home or assisted living facility. For example, as the chart below shows, the daily cost of home oxygen for Medicare patients is 1/30th of the cost of a day in a nursing home, and – or 1/268th of the cost of a single day’s hospital stay.
Homecare can play a tremendous role in reducing care spending by treating more people in a cost-effective manner at a fraction of the cost of other institutional settings – all in the patient-preferred setting of the home. Numerous studies attest to the value and clinical effectiveness of home-based care, a sampling of which follow below.
Read more at www.aahomecare.org/issues/cost-effectiveness-of-homecare
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