Healthcare Business Opportunities in the Move Toward Care at Home

Why the Future of Healthcare is at Home

After the rapid adoption of telehealth during the pandemic, patients, caregivers, device makers, digital health companies, and even regulators saw the value in enabling patients to access care from the comfort of home. There are no facility space limitations, patients generally recover better in a home setting (and prefer it!), and remote care in the home vanquished many geographic and financial barriers to accessing in person care during the pandemic.

As we move into a post-pandemic world, you may be asking yourself whether Care at Home is likely to survive. Will this business model become an impactful long-term business opportunity? We think so.

The pandemic wasn’t the only factor shaping the evolution of Care at Home. A number of factors work together to position Care at Home as the primary healthcare setting in the not-too-distant future, such as:

• People want to age in place. With more options for Care at Home, growing older doesn’t necessarily mean a caregiving burden on family members or moving into a retirement community or nursing home

• Employers seek better healthcare options for employees with more control over costs. Compensation packages with robust Care at Home options allows employers to attract and keep top talent while controlling for costs and maintaining a healthier workforce

• Rapid innovation of remote monitoring tools make patient care easier to monitor real-time, and regulators generally approve of this practice. The flow of data between patient and provider means the majority of healthcare happens between office visits

• Consumer brands seek more of the lucrative health and wellness market, and some of the biggest healthcare providers find value in partnering with consumer-oriented products and platforms. This results in a more expanded view of what healthcare is, and it doesn’t have to happen in a healthcare setting

• While not always an inexpensive option, Care at Home is generally less expensive for patients and employers/insurers and more profitable for hospitals and health systems 

These factors will continue forging a path for Care at Home, and savvy healthcare organizations and businesses will seek to understand how they can maximize their opportunities in this environment.

How Nixon Gwilt Law Helps Healthcare Businesses Discover, Evaluate, and Implement Care at Home Initiatives

As a nationally recognized innovation law firm exclusively dedicated toward advancing the future of healthcare, we think like the entrepreneurs we serve.

Novel and disruptive healthcare companies seek our guidance to break new ground, navigate the regulatory gray zones that come with this level of innovation, and manage risks and opportunities on the path to long-term growth.

Why? Because we work exclusively with healthcare innovators and have deep expertise in the legal, regulatory and reimbursement landscape around:

• Virtual and hybrid care delivery models

• Remote patient monitoring

• Chronic care management

• Asynchronous care

• Mobile healthcare services

This experience includes healthcare data privacy and data sharing constructs, scope of practice and licensure issues, business models, and general compliance issues.

As a healthcare innovation law firm, we are focused on the constantly developing and changing regulatory environment and medical breakthroughs. We routinely work with federal regulators to bring solutions to client problems.

Where we really excel is in helping clients discover and implement world-changing opportunities and innovations—like Care at Home. 

Find out how NGL serves these innovators forging a path toward Care at Home