The message is clear no matter what news channel you find yourself watching; the cost of medical care keeps going up with no end in sight. This realization has sent insurance companies scrambling to figure out how to keep a lid on costs so they don’t have to pass any more of the burden onto their already frustrated members.
This is a catch-22 for many. If everything keeps going up, what do you do to mitigate what you have to pay for? In-home care costs are still a lot less than in-patient care any day of the week. Still, there are some variables involved in making it as cost-efficient as possible. Can insurance companies be doing more to keep in-home care costs within reason?
The explosion of in-home care has caused several good things to happen that benefit and/or delight the patient, thus creating a better recovery overall. For most patients, they’d rather be home in a familiar, comfortable setting instead of a sterile facility with little to no privacy. Also, the costs for the patient in terms of copayments is usually a lot less, this minimizes the financial burden that can cause a lot of stress for patients.
For insurance companies, in-home care is usually a lot more cost effective than in-patient care. There is no more worrying about patients needing to stay longer than expected and expensive hospital bills.
The things that could drive up the in-home care costs need to be considered as they create unexpected expenses that drive up premium costs for all members:
- Lack of follow through with after-care plans
- Patient accidents
- Patient dissatisfaction with services
Care Plan Failure Affects In-Home Care Costs In Many Ways
Once a patient is discharged from the hospital setting and into an in-home care setting, what happens to all that glorious paperwork that goes into their patient belonging bag as they exit the building? Having a visiting nurse come and oversee care for the patient is one thing, but what about family caregivers or even the patient themselves?
In-home care costs go up indirectly when the patient doesn’t follow through on their care plan and/or safety precautions, and winds up back in the hospital for reevaluation or even worse, readmission. There are some common reasons your patient’s care plan and safety plan may not be adhered to the way their treating physician(s) would like:
- Cognitive impairment
- Lack of adequate home caregiving
- Non-compliance from the patient
- Failure to understand instructions properly
Whatever reason the patient has for care plan failure, the end result is increased medical care costs to the insurance company and ultimately everyone else. Insurance companies are deeply invested that care plans are followed through, as it saves them a ton of money when they executed correctly.
When an in-home caregiver can see that a patient’s care plan is not being followed through on, it is important for them to be able to have an efficient channel to let all parties involved know as soon as possible so corrective action can be taken. How is that being done now?
All of the above are part of an antiquated process that more often than not has little to no effectiveness, and unfortunately, so does the care plan. So, what can be done to fix it?
Timely Patient Collaboration Keeps In-Home Care Costs Down
The commonly used and inefficient means of communication doesn’t evoke a collaborative environment by which all of the people involved in a patient’s care team can be kept informed and provide feedback. Too often, information goes by the wayside or someone is left off the information trail and something doesn’t happen as it should. This has been the frustration of many for some time.
eCare Vault is the first solution of its kind to offer an efficient, HIPAA compliant way to communicate and collaborate on a patient’s care plans seamlessly. This secure, cloud-based solution allows patients, caregivers, professionals, and medical teams to keep their information and collaborative efforts around the most important topic; the patient.
When Patient Care Is Followed Through On Everyone Wins
Medical professionals know what is needed for patients to recover at home with in-home care. Patients need to properly understand what their level of responsibility and follow through is in order to make that happen. Caregivers need to know what is expected for care at home and what to do when that fails to happen as instructed.
Let eCare Vault show you the power of patient care collaboration in ways you only dreamed possible. Contact us today for a demo.