5 Trends in Home Healthcare to Watch Out for in 2024
It’s a brand new year, and there are numerous exciting developments to anticipate in home healthcare. A few months ago, we penned an article detailing the remarkable evolution of the home health industry from its 19th-century institutionalization to its present state as we know it. In this piece, we’ll explore five compelling trends set to further enhance home healthcare in 2024.
Increased Demand for Home Healthcare
The demand for home-based healthcare services is expected to surge, fueled by the retirement of baby boomers who prefer receiving care at home. Projections suggest that this population will exceed 80 million by 2050, with adults over 65 outnumbering children under 18. Simultaneously, the industry is anticipated to grow from $94.17 billion in 2022 to $153.19 billion by 2029.
Focus on Elderly-Specific Care
Also in anticipation of an aging population, there will be an increased emphasis on treating diseases specific to the elderly. This involves allocating more resources for researching and preventing conditions such as Parkinson’s, Alzheimer’s, and dementia. This approach aims to alleviate burdens on hospitals and hospices, enabling proper treatment for the elderly at home.
Shift to Preventative Healthcare
As the popular saying goes, “An ounce of prevention is worth a pound of cure.” Healthcare providers will shift towards proactive approaches, emphasizing exercise, nutrition, personal wellness, mental health, and immunization. Beyond the health benefits, these preventative measures are cost-effective, helping patients avoid or reduce the expenses associated with preventable conditions.
Application of Artificial Intelligence
No discussion of current and upcoming trends is complete without mentioning AI. As mentioned in our previous article about AI transforming home healthcare, AI will continue to play an increasing role in the industry. It will serve as an effective tool for healthcare professionals to diagnose, treat, and prevent diseases, enhancing the overall patient experience and reducing the need for frequent hospital visits.
Prioritization of Data Security
In the previous year alone, around 540 organizations experienced healthcare data breaches, as disclosed by the HHS Office for Civil Rights (OCR). In 2024, data security will become a top concern within the healthcare industry. With rising investments in healthcare facilities, technologies, and research, IT security budgets will see a significant increase as well. Stricter public policies and regulations will also be implemented to safeguard data privacy in the healthcare sector.
Keeping Up With The Trends
Luckwell Solutions has consistently been at the forefront of innovation and advancement in the home healthcare industry. We ensure to stay abreast of current trends and support healthcare professionals in delivering top-notch in-home care to patients.
With a dedicated team of specialists ready to address industry-specific backend support needs, we leverage the latest technologies to enhance efficiency and productivity for our clients. Additionally, being SOC 2 Type 2 certified underscores our commitment to prioritizing the protection of sensitive information.
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