In this episode, Matt Guldin, Digital Health Portfolio Manager at Panda Health, the digital health marketplace, discusses why it’s so important for hospitals to embrace health-at-home initiatives, the biggest challenges associated with health-at-home, and how hospitals can create more successful health-at-home programs. Guldin also discusses how hospitals can quickly identify the best health-at-home solutions, and the key capabilities to seek out. This episode is sponsored by Panda Health.
Summary
Why Hospitals Need to Embrace Health-at-Home Initiatives with Panda Health
In this episode, Matt Guldin, Digital Health Portfolio Manager at Panda Health, the digital health marketplace, discusses why it’s so important for hospitals to embrace health-at-home initiatives, the biggest challenges associated with health-at-home, and how hospitals can create more successful health-at-home programs. Guldin also discusses how hospitals can quickly identify the best health-at-home solutions, and the key capabilities to seek out.
The US Healthcare at Home Market
Matt Golden of Panda Health explains that the US healthcare at home market is valued at more than 133 billion and includes hospital at home, remote patient monitoring, and telehealth. He notes that health systems are focusing on remote patient monitoring solutions due to additional reimbursement codes from CMS. Additionally, there have been gradual shifts from inpatient to outpatient reimbursement, decisions by CMS to move certain orthopedic and cardiac procedures from inpatient to outpatient settings, and advances in drugs and medical devices. Lastly, CMS remains committed to value-based care, having implemented over 50 advanced payment models with the most successful one being the ACO Medicare Shared Savings Program.
Challenges of Finding Effective Health-at-Home Solutions
The biggest challenge health systems are currently facing when trying to find effective health at home solutions and vendor partners is the confusion in a crowded marketplace of who is doing what. Health systems should look for vendors with key capabilities such as ease of use, payment options, customization, multiple devices, patient onboarding and technical support, actionable information, and dynamically updated care plans.
Launching a Healthcare-at-Home Program
Matt G. of Panda Health discussed the challenges of launching a healthcare at home program. He said that staff need to be able to respond to patient deterioration or decompensation within 30 minutes and be able to manage durable medical equipment, integrate ancillary services, and handle logistics management.
Learn More About Panda Health
For more information, listeners can visit the Panda Health website or email Matt directly.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 11/28/2022 and can be listened here.
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