Let us assume you have all the resources (like designers, software and hardware engineers) to create...

Let us assume you have all the resources (like designers, software and hardware engineers) to create a product/service that would immensely benefit long term care population. What would be that product/service? Discuss how that product would benefit the future long term care population? Identify the resources available to cover the cost for development and usage of your product/service. If your product fails, what would be the repercussions?

Expert Solution

Software design providing facilities for administer track and prolonged care,nursing home on site patient,retirement community or hospice care.. enterprise resources planning(ERP) also useful for building ---staff and eqiupmeeq..most of the software systems are designed for single care delivery model..

It has some special categories like long-term care software for nursing homes and skilled nursing facilities..it includes electronic medical records(EMR) electronic medication administration records(eMAR)ele electro treatment administration records(eTAR) finance,billing,insurance,self-pay,resident accounts and data set at Medicaid and Medicare certified facilities..

Long term care software for assisted/independent living..comparing to skilled nursing facilities it requires full spectrum of clinical facilities..it has the same functions ad SNFs and CCRCs..they don't need EMR or MDS system but vendors offering if they needed..it do point of care system according to resident needs

long term care software for home health care.i t also requires same system functions for facilities based long term care like charting,eMAR,notes,Orders etc...for easy tracking electronic visit verification(EVV)GPS tracking etc..so mobile access is important..The system s are cloud-based throghth mobile application for iPad or android tablets and smart phones..for home health it is need progress notes and health maintenance..

long-term care products is bringing 5% compound inflation coverage and life time benefits.. with single pay and limited pay plans.long term care insurance business responsible is marketing and technology initiative at LTCI partners and make carriers and vendors to make LTCI insurance easier to sell and enroll..nationwide the median annual cost of nursing home in 2010 was 75,000dollar with no additional help 37,500 dollar dispensing of medication 19dollar /hour..

Federal tax code and accumulation of funds to provide long term care service.. The advantage of insurance for LTCI product purchases is that insurance enables a people to get risk.when it go risk the social cost of providing long-term care coverage will be less..policies promoting to see the LTC service to avoid high-risk populations..it will go up to universal risk..

So there will be risk for individual insurance coverage when funds accumulation reduce it won't promote greater disadvantage..it will increase the resources to individual for buying insurance..but individual savings accounts to finance for other consumption will not be safe..there will be tax incentive problems ..there will be unexpectedly major loss of revenue for the federal government,due to tax deduction LTC insurance may not be able to take advantage...

Nightingale answered 1 year ago

Let us assume you have all the resources (like designers, software and hardware engineers) to create a...

Let us assume you have all the resources (like designers, software and hardware engineers) to create a product/service that would immensely benefit long term care population. What would be that product/service? Discuss how that product would benefit the future long term care population? Identify the resources available to cover the cost for development and usage of your product/service. If your product fails, what would be the repercussions?

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