Up to $265 billion worth of care services for Medicare fee-for-service and Medicare Advantage beneficiaries could shift to the home by 2025. In February 2021, the use of telehealth was 38 times higher than prepandemic levels. About 40 percent of surveyed consumers said that they expect to continue using telehealth going forward. This represents an increase from 11 percent of consumers using telehealth prior to the COVID-19 pandemic.
The share of Medicare visits conducted through telehealth, for example, rose to 52.7 million in 2020, from approximately 840,000 in 2019. Venture funding for digital health companies was a record-breaking $29.1 billion in 2021. Comparatively, there was $14.9 billion invested in 2020 and $8.2 billion invested in 2019.
Chapters included in the report are as follows:
How the COVID-19 pandemic has catalyzed Care at Home
Care at Home may deliver more value and higher-quality care
Where care could shift from traditional facilities to the home
Factors that could affect adoption
How to accelerate growth
Source: McKinsey & Company
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