U.S. post-acute care market involves the provision of medical care after a patient is discharged from a hospital. It includes skilled nursing facilities, inpatient rehabilitation facilities, long-term acute care hospitals, and home health agencies. Post-acute care plays a vital role in improving patient outcomes, reducing hospital readmissions and healthcare costs. It provides targeted care focused on restoring physical, mental and medical functioning so that patients can successfully return to their homes and community living. The goal is to improve patient quality of life through coordinated, patient-centered care during recovery from illness, injury or surgery.
Market Dynamics:
U.S. post-acute care market growth is driven by rising geriatric population who need short or long-term post-hospital care services. Increasing prevalence of chronic diseases like diabetes, cancer and respiratory diseases requires post-hospitalization care, and this can drive the market growth. However, pricing pressures from medicare and medicaid due to their push for lower acute care costs can hamper the market growth. Growing utilization of telehealth and remote patient monitoring technologies that allow for expanded access to post-acute services can offer market growth opportunities.
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