Post Acute Care - Episode Details
What you’ll get out of this episode:
- GE HealthCare’s Evolution: Ryan Fox, Strategic Director of Virtual Care at Home, discusses GE’s focus on virtual care and the evolution of healthcare delivery.
- Market Report Insights: Insights from GE’s recent market report on scaling post-acute care, focusing on shifting care to patients’ homes.
- Patient Preferences: The importance of delivering healthcare at home for patient comfort and hospital efficiency.
- Future of Healthcare: Upcoming trends in post-acute care, including legislative changes and new technologies.
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Read About Scaling Post-Acute Care
GE HealthCare’s Evolution in Post-Acute Care
In this insightful episode of the Slice of Healthcare podcast, host Jared Taylor chats with Ryan Fox, the Strategic Director of Virtual Care at Home at GE HealthCare. With over 20 years of experience in the healthcare industry, Ryan shares GE HealthCare’s evolving focus on virtual care at home, highlighting how they are embracing the home as a meaningful site of care.
GE HealthCare’s Role and Evolution
Ryan explains that GE HealthCare has been a leader in inpatient suite tools, technologies, and services for over 120 years. The company constantly evolves to stay at the forefront of healthcare technologies and focuses on responding to both regulatory and legislative changes. GE’s comprehensive ecosystem and strategic vision place it at the cutting edge of the evolving healthcare landscape.
Insights from the Market Report
Jared and Ryan delve into a recent market report by GE HealthCare, in collaboration with Sage Growth Partners, which explores scaling post-acute care. The report examines the shift towards delivering care in patients’ homes and reveals that over 80% of respondents are moving lower-acuity patients home. The report also highlights various care models, from high-acuity cases to remote patient monitoring (RPM), and emphasizes the need for broader platform plays rather than focusing solely on RPM.
Patient Preferences and Hospital Efficiency
One of the key points Ryan emphasizes is the preference of patients to receive care at home. Early discharge models improve patient compliance with discharge instructions and alleviate emergency department overcrowding. By elevating the acuity level of hospital patients and freeing up beds for higher-acuity cases, hospitals can operate more efficiently.
Scaling Post-Acute Care and Future Trends
Ryan also discusses the importance of a holistic approach to scaling post-acute care, which includes technology, logistics, ancillary services, and nursing support. He notes the emerging trend of observation status at home and the need for continuous monitoring and responsible early discharge models. Additionally, Ryan highlights future trends in healthcare, such as broader reimbursement levels, new device technologies, and innovative monitoring methods.
Looking to the Future
The conversation concludes with a look at how healthcare is expected to change over the next decade. With increased demand, reduced workforce, and evolving technologies, the landscape of post-acute care will continue to transform. Ryan’s insights provide a valuable perspective on what hospital leaders should focus on, including embracing holistic care models and staying ahead of legislative and technological changes.
WORD FROM OUR SPONSORS:
Our sponsors for this episode are Sage Growth Partners and Quantum Health
Sage Growth Partners accelerates commercial success for healthcare organizations through a singular focus on growth. The company helps its clients thrive amid the complexities of a rapidly changing marketplace with deep domain expertise and an integrated application of research, strategy, and marketing. For more information, please go to www.sage-growth.com & follow Sage Growth Partners on social media – @sagegrowthpartners
Quantum Health is an award-winning consumer healthcare navigation company that delivers an unparalleled consumer experience based on empathy and trust, enabling employers to achieve industry-leading satisfaction rates and independently validated claim savings. Launched in 1999, Quantum Health’s model is based on years of consumer research and the insights learned from guiding millions of consumers and their providers through their healthcare journey. Visit: https://quantum-health.com/ and follow Quantum health on social media – @Quantum Health
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