It Pays To Invest In Preventive Care
The costs associated with healthcare are still rising and this is causing a renewed interest in preventive care. Among those with the keenest interest in preventive care are start-ups and entrepreneurs. Many companies are now working on new technologies that will help people live longer, healthier lives and help prevent a variety of chronic diseases. Putting money into these technologies now will allow society as a whole to save money later, because their use will help folks avoid costly interventions to manage and treat their illnesses down the road.
We’re already starting to see all sorts of wearable devices come to the market. We’re also starting to see more and more lifestyle and fitness apps. Thanks to these products, people are learning more about their personal health, gaining a better understanding of their bodies, and taking a more active approach to their own healthcare. They’re also helping individuals to make adjustments to their lifestyles so that they can live healthier lives overall.
As more and more people adopt these technologies, it’s becoming easier for everyone to see their potential. In fact, a survey conducted by PricewaterhouseCoopers revealed that 56% of American consumers are of the opinion that the average life expectancy of a person will increase by 10 years thanks to the adoption of wearable health devices. Time will tell if this proves to be accurate or not, but the future certainly looks bright.
The thought that these devices could have such a major impact isn’t far-fetched. After all, the four main types of chronic illness (cancer, cardiovascular disease, chronic respiratory disease and diabetes) can often be prevented by making smart lifestyle choices, which the devices can help encourage you to do. Something like 80% of cases of heart disease, diabetes and respiratory diseases can be avoided by taking steps to reduce stress, eating better, staying active, not using tobacco and consuming alcohol responsibly. It’s believed that about 40% of cancers can be prevented by taking these same steps.
Worldwide, it’s believed that around 36 million people die each year due to chronic illnesses that are largely preventable. On top of killing people, these chronic illnesses also leave many disabled. Often, those afflicted are forced to deal with their disabilities for many years. The people suffer needlessly and vast amounts of healthcare resources that could be better used elsewhere are needed to treat them.
In Canada alone, approximately 40% of citizens over the age of 12 are living with a minimum if one chronic condition. At least 80% of the population (aged 12 years and over) are at risk of developing a chronic illness. About 66% of Canadian deaths can actually be attributed to some form of chronic illness. That’s an absolutely horrific stat when you consider, as was mentioned above, that many of these chronic conditions can be prevented.
Don’t Forget to Eat Right & Exercise
As bad as things are, though, roughly 50% of Canadian adults still don’t eat enough fruits and vegetables, nor get enough exercise. Also, about a fifth of Canadians continue to smoke despite the known risks and about 5% drink alcoholic beverages on a daily basis. These poor lifestyle choices cost the country billions in healthcare (approximately $68 billion). The country suffers another $122 billion in productivity losses due to chronic illnesses, so poor lifestyle choices actually hurt the prosperity of the nation.
Putting money into preventive care, and investing in companies creating devices that make taking charge of one’s own health a little easier, will ultimately be to everyone’s benefit. If folks can make an effort to live healthier lives, it’ll make it possible for billions of dollars to be saved annually. It will also prevent countless needless deaths.
The Medipense Difference
At Medipense, we are helping those already afflicted with chronic diseases to get better by integrating health and fitness sensors and consolidating the results with the performance of their medications. This provides a great patient profile to the health care provider to further titrate or offer better management of their chronic condition. The same sensors developed as a preventative care device, can ultimately be used in better treatment post-release from the care institution.