When Contrasted With The Costs Associated With Nursing Homes, Home Care Is A More Desirable Option
Elderly Care No Comments »Many elders and their families are considering home care as a viable option, as the costs for nursing care facilities rises to astronomical figures. Many elders enjoy the independence of living in their homes, while receiving the required medical care that cannot be furnished from their relatives or friends.
At some point we may need to make decisions for ourselves or our loved ones when living at home alone is no longer possible and more care is needed. But can we afford the elder care costs? How much do the options really cost?
The preponderance of evidence from studies of cost-effectiveness suggests that home health care is less expensive than extended hospitalization from the standpoint of third-party payers, especially when specific patient groups are studied, such as those with incurable cancer requiring parenteral nutrition or individuals requiring intravenous antibiotics.
A prospective clinical assessment by Kramer et al, which was published in the Journal of Health Services Research, reported the following:
Case-mix differences between 653 home health care patients and 650 nursing home patients, and between 455 Medicare home health patients and 447 Medicare nursing home patients were assessed using random samples selected from 20 home health agencies and 46 nursing homes in 12 states.
