As the Baby Boomer generation ages and many begin to deal with the usual health issues that come with getting older, much attention has been placed on the costs and resource utilization of medical care for this group. Data from CMS shows that approximately 30% of all Medicare spending occurs in the last year of beneficiary’s lives, with much of that spending taking place in the 6 months just prior to death. As shown on the chart Average Health Spending by Age in the United States, published on RegisteredNursing.org, there is a dramatic upward cost trend as people age. For a moment, let’s turn our attention to the opposite end of the spectrum and examine the often overlooked high costs that can arise at the beginning of life.
ProgenyHealth is the only company in the United States whose sole focus is the management of the care and support of infants hospitalized in the neonatal intensive care unit, as well as during the important months after their discharge from the hospital. We are privileged to work with over 1,400 NICUs across the US, with our board-certified neonatologists and pediatricians interacting and collaborating with the attending physicians and hospital-based teams to drive the best possible health outcome for each child.
World Prematurity Day (WPD) is recognized each year on November 17. It has been eleven years since it’s initiation by the European Foundation for the Care of Newborn Infants (EFCNI). Designed to act as a reminder of the human and financial costs of premature births around the world, the theme this year is one that is often the goal of medical quality improvement experts, health care administrators, payers, and medical professionals throughout the United States: “Born Too Soon - Providing the right care, at the right time, in the right place.”