25% of the global population (or two billion people) will be seniors by 2050. ConsidraCare understands innovations in elderly care like remote health care and monitoring are necessary amid an already strained healthcare system.
, home-based care reduces the overall healthcare costs by minimizing hospital re-admissions, emergency room visits, and the need for long-term institutional care.Demand for long-term care, is expected to reach 606,000 patients in 2031, up from 380,000 in 2019.
By transitioning half of the population from long-term care facilities back to their homes while maintaining the same subsidy structure, it presents a compelling financial argument. In fact,will save the health care system an estimated $794 million by 2031. Saba adds, “They hit the ground running. The quality of care they provide is outstanding because they have worked in very difficult environments. They're trying to establish themselves in this new country, and they’re excited to be given an opportunity where their skills are utilized. So, we help them acclimate very quickly to the practical aspects including how you engage with families, the level of professionalism required and advanced topics such as specialized care for dementia.
These circumstances prompted Considracare to explore the potential expansion of their model to emerging markets, where similar challenges exist but are exacerbated due to inadequate homecare infrastructure. Tauseef highlighted the stark demand for reliable caregiving in these markets. Contrary to more developed markets, emerging economies lack the concept of geriatric care, which they intend to address by introducing geriatric telemedicine.
by placement agencies and families. ConsidraCare has the potential to rejuvenate this program, rectifying past missteps and providing a more equitable system that benefits caregivers and families alike.
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