Wave Labs - May 2024

Market growth is driven by a rapidly aging population and increasing chronic disease burden with the US In-Home Care Market expected to reach ~$509 billion by 2030 with a CAGR of ~8.5%.

Currently, the in-home care model is fragmented, limited in scope, and relies heavily on people's efforts.

With care delivery and navigation as the top-funded digital health sector, we believe it can be improved into a Home Health 2.0 with connected strategies that anticipate the patient’s needs.

Home Health 2.0 : Connected strategy that anticipates the patient’s needs

Home as the nexus of care // Technology and operational infrastructure to support medical and social care provided in the home.

Connected strategy // Integration of medical, social, environmental factors to provide comprehensive and personalized care.
Trust and communication // Caregivers and patients are brought into a multidisciplinary team and all parties are apprised of needs and health statuses.

Payment models for in-home health care must evolve to support care delivery innovation.

The current payment model severely restricts what constitutes “in-home” care and its inflexible fee-for-service models are tied to facility based-services.

Shifts in this model move home-health care in a positive direction towards careful tracking of quality metrics with incentives around social and preventative services with global capitation.