tackling healthcare's financial strain

Rising healthcare costs are one of the most urgent global challenges. Older patients often drive higher hospital costs, with 6–13% incurring expenses far above average across Europe. Each additional hospital day increases these costs by 20% (Source: PMC)^[1].

Chronic diseases—such as cardiovascular disease, diabetes, and cancer—account for over 75% of healthcare costs. While medical advancements allow for earlier detection and better treatments, they also create a need for long-term care, placing a significant financial burden on healthcare systems.

longevity: a triumph and a challenge

Medical advancements have led to increased life expectancy, with individuals living longer than ever before. This brings challenges in managing the long-term care needs of an aging population, including chronic disease management, rehabilitation, and assisted care. The shift from acute to chronic care management requires a rethink in how resources are allocated.

rising healthcare costs and administrative burdens

Healthcare spending is expected to grow at 7% annually by 2025, outpacing inflation and wage growth (PwC). Administrative costs—such as billing, insurance activities, and facility overhead—are significant contributors to this rise. Moreover, the time-consuming task of measuring vital signs and manually entering data can take over 15 minutes per patient, leading to delays and errors that increase costs ^{[1], [2]}.

Rising labor costs, driven by inflation and salary demands, also push healthcare costs upward, with these expenses often passed onto patients and employers.

technology as a cost-reduction strategy

A shift toward preventative and proactive care is essential to reduce rising costs. Value-based care models emphasize early detection, proactive interventions, and at-home monitoring, minimizing unnecessary hospital stays and optimizing patient care.

At smartQare, we offer wearable monitoring technology that delivers real-time insights into patient health, enabling early intervention, reducing emergency visits, and shortening hospital stays—improving outcomes while controlling costs.

investing in smarter healthcare

Investing in data-driven healthcare solutions is key to ensuring smarter resource allocation and a sustainable future for patient care. With growing financial pressures, embracing innovative technologies like smartQare’s is not just a choice; it’s essential for creating a more efficient and sustainable healthcare system.