Essity Hygiene and Health Report – The goal of care in the care economy is to improve people’s health and quality of life at a sustainable overall cost level. Healthcare systems must provide value for both people and society as a whole.
Because of the rising strain on healthcare systems, it is more vital than ever to recognize that the value of healthcare arises from the proper balance of quality and cost. If society want to maintain or raise the value of care, it must think conceptually about meaningful patient outcomes and how these outcomes might be obtained or improved in the most cost-effective way.
Essity Hygiene and Health Report
Value-based healthcare (VBHC) necessitates the following:
A holistic assessment of the needs of the patient, caregiver, care providers, and payers along the full care pathway, while also addressing societal demands.
An optimized care pathway supported by relevant goods that optimizes results that are important to patients and other stakeholders. This increases the efficacy and efficiency of care delivery.
A shift away from “price per product” thinking and toward overall cost in order to make the most use of available resources.
One area where innovation is required is in continuously enhancing expertise among the growing number of family caregivers. Approximately 80% of care is provided by family members, and roughly two-thirds of all people worldwide will become caregivers at some point in their life.
Despite these statistics, the great majority of family caregivers have no medical training. Furthermore, many family caregivers do not perceive themselves as such and, even when available, do not seek training or external support. Individualizing care through digital solutions can assist family caregivers keep track of and manage their care obligations, ease access to knowledge and training about their roles and rights as caregivers, and contribute to improved health outcomes.
Make care labor more visible: There is a need to better recognize the accomplishments of caregivers who devote their time, skills, and empathy to helping others. There should be a greater emphasis on making these contributions visible and listening to the concerns of patients, people receiving care, and professional and family caregivers.
Invest more wisely and enable new care innovations: Businesses have a critical role in developing new innovations that benefit caregivers and care receivers. To solve the difficulties of the care economy, sustained investments in innovative technology are required, but it is also critical to ensure that these breakthroughs receive continued support.
Demands for action in the care economy
Recognize and respect care: To enhance the importance of care in society, collaborative action is required. A paradigm shift is required to shift from viewing care investments as costs to genuinely recognizing the considerable rewards that care provides in terms of personal well-being, societal and environmental advantages, and economic gains.
Promote self-care (where possible): Public health efforts can help foster independence and individual responsibility by prioritizing and approaching self-care options more systematically – empowering people who receive care. One such example is to assist people in strengthening their continence by making new self-care solutions more widely available and accessible, as well as making education and information on continence care available to both caregivers and care recipients.