Welcome back! In this edition, we will look at the evolution of Long Term Care (LTC) in India and the key factors driving it.
Long-term care (LTC) refers to support that is needed by older persons with limited ability to care for themselves due to physical or mental conditions, including chronic diseases and multimorbidity. It is an expensive proposition but with better policies, higher public health spending, affordable services and innovative solutions, we could lower the overall cost of care.
Similar to how real estate players and eldercare companies have enabled the creation of various senior living formats over the last decade, one is likely to see hospitals utilize special purpose vehicles to unlock opportunities to cater to medically challenged seniors, and further invest in at-home services directly or through partners to ensure the care continuum. But this is only one part of the story. What are the others?
In this short essay, I look four factors that could have significant impact on the long-term care in India.
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