| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


How to use our RSS feed

Follow Finfacts on Twitter

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : Irish Last Updated: Nov 5, 2012 - 3:18 PM

Vhi Healthcare claims net savings of €11.7m in last two years by treating patients at home
By Finfacts Team
Nov 5, 2012 - 3:16 PM

Email this article
 Printer friendly page

Vhi Healthcare today announced that Vhi HomeCare - its ‘hospital-in-the-home’ service – is set to achieve net savings of €11.7 million in the last two years by treating patients at home for services they would otherwise have had to occupy a hospital bed to receive. Since 2011, data from the health insurer shows that over 5,900 bed nights (or 61%) were freed up in Public hospitals alone. Vhi Healthcare added that the savings were achieved by selecting suitable patients from a limited area in Leinster and that further significant savings could be made by extending the area covered by the Vhi HomeCare scheme. The area from which Vhi Healthcare customers were selected extended from as far north as Ardee in Co Louth, to as far west as Kells in Co Meath and Newbridge in Co Kildare, and as far south as Greystones in Co Wicklow.

Since launching its own home care service in 2010, over 2,000 Vhi Healthcare customers have been treated in their home rather than in hospital. This equates to a saving of 22,775 hospital bed days and a financial saving of €11.7 million. The State insurer said that while treatment in the home will not be appropriate for all patients and all illnesses, there are a wide variety of conditions which would be suitable for this move.  For example those who have had a knee or hip replacement, cystic fibrosis sufferers, or those recovering from an infection could all be discharged early and treated in their home.

Commenting on the proposal, John O’Dwyer, CEO, Vhi Healthcare said: “At a time when the health system is experiencing both financial and capacity pressure it is critical that we are more creative in how we approach the provision of excellent care to patients.”

Over the past two years Vhi HomeCare has been providing its homecare consultant-led services to a growing number of younger customers, for a wide range of conditions. Customers may avail of Vhi HomeCare from age 16 upwards and some typical services provided to young people include VAC therapy to help heal post-operative wounds, administration of intravenous antibiotics to treat severe urinary or respiratory tract infections, as well as the home treatment of osteomyelitis (bone infection).

John O’Dwyer added, “Our experience so far demonstrates that an early discharge home not only has financial benefits but it also has a positive impact on the patient as well as on his or her family. The vast majority of people who are recovering from illness or who suffer from an acute medical condition that needs ongoing management will prefer to be in the comfort of their own home. With the existence of acute home care services, such as Vhi HomeCare, this is now a real and valid option for people.”

“We have provided the service to a diverse range of patients over the past two years and it has been welcomed and praised by all. Our home care patients range from a teenager with a long-term illness to an elderly person who is recovering from an infection. When polled, some 99% of Vhi Healthcare patients who had availed of the Home Care service indicated that they had a positive experience and that it would be their preference to avail of this service again in the future.”

Check out our subscription service, Finfacts Premium , at a low annual charge of €25 - - if you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to support the service.

Related Articles
Related Articles

© Copyright 2011 by Finfacts.com

Top of Page

Latest Headlines
Ryanair revises up full-year profit guidance
AIB bank profitable in third quarter
Ryanair announces half-year profits up 32% to €795m
Ryanair benefits from improved customer service
Ryanair to buy 100 new Boeing 737 MAX 200
Finfacts server migration Thursday
State-owned Allied Irish Banks reports H1 2014 profit as bad loan charges plunge
Ryanair reports profit in its financial first quarter soared 152%
UK firm opens van dealership in Dublin
Ryanair reports 8% fall in full-year profit; US services to commence in 2019
Global Financial Centres Index: New York overtakes London; Dublin slips to 66 of 83 cities
Bank of Ireland reports “significant” improvement in 2013 results
Sale process of IBRC UK projects Rock and Salt completed
CRH says 2014 will be year of profit growth after reporting 2013 loss
Ryanair reports third-quarter loss
Irish Water says it saved €100m in setup costs
RSA Insurance fires two Irish executives for large loss/ accounting irregularities
Bank of Ireland will have to raise provisions by €1.4bn; AIB says it's "well capitalised"
CRH reports slightly improved third quarter
Central Bank says ownership of Newbridge Credit Union transferred to permanent tsb
Ryanair reports H1 profits rose by 1% to €602m
Dublin Web Summit: Irish Stock Exchange and NASDAQ OMX announce dual listing plan
Irish pension managed funds returned to growth during September
Dan O’Brien resigns as economics editor of The Irish Times
Central Bank says no action required on Anglo tapes revelations
Ryanair flew 9m passengers and Aer Lingus carried 1.1m in August
UK Competition Commission says Ryanair must cut Aer Lingus stake to 5%
CRH reports H1 2013 revenue dip and loss
Vodafone refunded UK after discovery of Irish tax haven deal
RBS reports half year profit; Ulster Bank posts reduced loss
Bank of Ireland cuts pretax losses in HI 2013 to €504m
Irish State-owned Allied Irish Banks reports losses of €758m in H1 2013
Service Announcement
Irish managed pension funds declined in June
VHI reports 2012 surplus of €54.3m; Health insurance made loss
Ex- Elan director says management / board "not competent to run a business"
Aer Lingus to put €140m in employees pensions fund; Ryanair apoplectic
Wednesday Newspaper Review - Irish Business News and International Stories - - May 22, 2013
Tuesday Newspaper Review - Irish Business News and International Stories - - May 21, 2013
Ryanair, Europe’s biggest low cost carrier, announced Monday record annual profits of €569m - - up 13%