Unlocking the Future of At-Home Care Delivery
At-home care delivery is at the forefront of the healthcare transformation. At Bedford Bridge, we are continually exploring opportunities to invest in innovative companies that align with our mission of improving human health and patient outcomes, and we are constantly on the lookout for themes that have asymmetric upside, anchored by technology, with category defining, de-risked businesses. We recently identified and analyzed nearly 100 companies innovating within the at-home care delivery space - the sector is exceptionally promising and merits closer examination.
Investing in companies that offer specialized solutions for at-home care, such as remote monitoring platforms and AI-driven predictive analytics, can lead to improved patient outcomes and reduced healthcare costs. According to a report from MarketsandMarkets, the size of the global remote patient monitoring market in terms of revenue was estimated to be worth roughly $72B in 2023 and is poised to reach $208B by 2028, growing at a CAGR of 23.6%. This is just one subcategory of what could be defined largely as the At-home care delivery market.
The Emergence of At-Home Care Delivery
The at-home care delivery model is redefining how healthcare services are provided, shifting from traditional hospital settings to the comfort of patients' homes. This transition is driven by several factors:
Patient Preference: Increasingly, patients prefer to receive care in their own homes, where they feel more comfortable and secure.
Technological Advancements: Innovations in remote monitoring, telehealth, transportation, and the miniaturization of diagnostic equipment are making at-home care more feasible and effective.
Cost Efficiency: At-home care can reduce healthcare costs by minimizing hospital readmissions and optimizing resource allocation.
Chronic Disease Management: Effective management of chronic conditions often requires continuous monitoring and personalized care, which can be efficiently delivered at home.
Key Innovations Driving At-Home Care
Several key innovations that are propelling the at-home care revolution:
Remote Patient Monitoring (RPM): Companies like those developing wearable biosensors and remote health devices are enabling continuous monitoring of patients' vital signs, allowing for timely interventions and better management of chronic diseases.
AI and Predictive Analytics: Platforms leveraging AI, such as those offering predictive care models and clinical intelligence, are enhancing decision-making and enabling proactive care. For example, AI-powered cardiac ultrasound systems improve the accessibility and quality of cardiac care at home.
Integrated Healthcare Platforms: Solutions providing unified care management, such as integrated platforms for elderly care and chronic condition management, are streamlining care delivery and improving patient outcomes.
Telehealth and Virtual Care: Virtual care platforms are bridging the gap between patients and healthcare providers, offering services ranging from routine check-ups to emergency response. This is evident in companies providing comprehensive telehealth platforms and virtual care services.
Personalized Care Solutions: Innovations in personalized care, such as meal delivery services tailored for chronic conditions and digital health engagement platforms, are supporting patients' overall well-being and health management, mostly from an at-home setting.
Investment Opportunities in At-Home Care
At Bedford Bridge, we see significant investment opportunities in the following areas:
Chronic Disease Management: Investing in companies that offer specialized solutions for chronic disease management, such as remote monitoring platforms and AI-driven predictive analytics, can lead to improved patient outcomes and reduced healthcare costs.
Elderly Care and Support: With an aging population, the demand for elderly care services is rising. Companies providing comprehensive elderly care solutions, including remote patient monitoring and personalized in-home care, present lucrative investment prospects.
Telehealth Expansion: The growth of telehealth is undeniable. Investing in robust telehealth platforms that offer a seamless patient experience and integrate with existing healthcare systems can drive significant value.
AI and Data Analytics: Companies harnessing AI and data analytics to enhance care delivery and patient monitoring are at the cutting edge of healthcare innovation. These technologies can lead to early detection of health issues and more effective interventions.
Integrated Care Platforms: Investing in integrated care platforms that bring together various aspects of patient care—from monitoring to medication management—can streamline healthcare delivery and improve patient satisfaction.
Conclusion
The at-home care delivery model is more than a trend; it is a significant part of the future of healthcare. Across the cohort of companies analyzed, we estimate there is an 8% IPO and 58% M&A probability, which is higher than other sectors we recently reviewed. And we have strong conviction that a few of the companies we evaluated have a much higher probability for de-risked returns.
By investing in innovative solutions that support the shift to at-home care delivery, we will play a pivotal role in transforming healthcare delivery, improving patient outcomes, and driving cost efficiencies. At Bedford Bridge, we believe we are at the dawn of a new 30-year era where disruptive companies will transform healthcare. Just as software changed the world over the past 30 years, the convergence of technology and human health will have an even larger impact in the coming decades. However, we are still in the early stages of this transformative journey.
We are committed to identifying and supporting the companies leading this transformation, ensuring we remain at the forefront of healthcare innovation. Drop us a line if you or a company you know is innovating in this space.
