In some cases, hospital costs for older patients were far above average, with between 6% and 13% of patients across Europe incurring these exceptionally high expenses. Each additional day spent in the hospital increased the risk of higher costs by 20%. [1]

The substantial rise in healthcare costs in recent years has become a pressing challenge for healthcare systems worldwide. Hospital services, as the most expensive component of healthcare, are under significant strain due to growing patient demand and rising operational expenses. Older patients, who often require longer hospital stays and more intensive care, are a key driver of these increasing costs.

A study using data from the Survey of Health, Ageing and Retirement in Europe (SHARE) explored factors behind high hospital costs among older patients across 18 European countries. The study found that prolonged hospital stays, multiple health conditions, and limited mobility are key contributors to higher costs. Conditions such as heart attacks, diabetes, chronic lung disease, and cancer are particularly associated with greater expenses. Addressing these financial challenges requires smarter resource allocation and systems that can identify and address costly cases early.

smartQare is redefining how healthcare systems manage costs through innovative, patient-focused solutions. By leveraging wearable technology for continuous monitoring, smartQare enables early detection of health changes, reducing unnecessary hospitalizations and minimizing extended stays.

This approach enhances patient outcomes and significantly eases financial strain. With real-time data insights, providers can optimize resource use and avoid costly emergency interventions. smartQare’s solutions support a more efficient, sustainable healthcare model, meeting the growing demand for quality care while controlling escalating costs.

sources

[1] https://pmc.ncbi.nlm.nih.gov/articles/PMC9864144/