The future doesn’t look much better.
There's also a Pressing Need for Senior-Oriented Healthcare Solutions
Every 8 seconds a person turns 65. 3
People 65 and older represented 13.7% of the population in the year 2012 but are expected to grow to be 21% of the population by 2040.4
Older people suffer from more chronic diseases.
Nearly 2/3rds of adults 65 and older have one or more chronic health condition.5
Our healthcare system is not working to efficiently treat chronic diseases.
Healthcare costs are five times greater for someone with chronic conditions than someone without any chronic conditions.6
Why are the costs so high?
About $1 Trillion
is wasted every year.
West Health is targeting $450 Billion of that waste in 3 ways:
Developing new care delivery and payment models
We're tackling problems that result from poor execution or lack of widespread adoption of best practices, such as effective preventive care practices or patient safety best practices. Delivery failures can result in patient injuries, worse clinical outcomes and higher costs.7,8,9
Improving care coordination
Transforming our healthcare model to make it more continuous and responsive will improve outcomes for patients who are suffering from, or at-risk for, chronic diseases.7,8,9
Working to reduce overutilization
Helping ensure healthcare decisions are driven by scientific findings and providers' expertise.7,8,9
- 1 Source: CMS
- 2 Source: Health Affairs
- 3 Source: US Census
- 4 Source: U.S. Department of Health and Human Services
- 5 Source: CMS
- 6 Source: CMS
- 7 Source: The Institute of Medicine, “Best Care at Lower Cost: The Path to Continuously Learning Health Care in America.” Sept. 2012
- 8 Source: JAMA Eliminating Waste in US Health Care
- 9 Source: West Health