In This Article
- Why is Cancer Care Costly?
- Cancer Care Cost Analysis
- How Innovations are Helping in Cancer Care?
The cost of cancer care and treatment is continuing to rise, placing an immense financial burden on the patient and family. The situation is not limited to certain areas of the country but is a big issue around the globe, making the patient and their family’s lives miserable.
The number of cancer cases is increasing exponentially worldwide and making treatment more difficult because of the shortage of treatment and processes like chemotherapy, targeted therapies, and immunotherapies. This has led to the out-of-pocket cost of the cancer treatment. However, the latest technologies, like artificial intelligence, are leading toward early diagnosis, predictive analysis, effective research, and cost-effective treatment methods helping people to deal with this chronic disease.
Why is Cancer Care Costly?
Cancer has costly treatment from diagnosis to cancer care after the treatment. The disease requires the expert’s assistance at every stage whether it is diagnosis, treatment, or after-treatment care. The successful treatment requires a lot of time, patience, care, and cost. With the advancement in the treatments and to ensure a high success rate, innovative treatments like immunotherapy come with hefty prices. Moreover, the drugs and injections used during the procedure are not always present in the same region but are required to be exported from somewhere else.
The treatment lasts for years, and the high numbers of doses are required to control the cancerous cells to grow. Many times, the financial strain increases beyond the limit because of procedures like medical imaging, treatments, diagnosis, post-treatment care, and many others.
Innovating technologies always help mankind to move towards the betterment, and Weborik Hub knows the applications, therefore providing the services around the globe to make the client’s business and system better, cost-effective, and innovative.
Cancer Care Cost Analysis
The American Cancer Society shares the data that throughout the journey to fight against cancer, on average, the patient has to pay $150,000 for the treatment. Society says that multiple medical insurance schemes are presenting the facilities for the cancer patients, but mostly they do not cover the whole expense.
This may lead to a condition called financial toxicity when the patient has to deal with everyday bills and treatment costs. JAMA Oncology has studied and published the data, which showed nearly 42% of patient care is leading to the patient’s life savings depletion in just two years after the cancer diagnosis.
How Innovations are Helping in Cancer Care?
The target of advanced technologies is to handle or reduce the burdens in all fields, especially in medical treatments. telemedicine platforms help the patient to get instant care and diagnosis at home. The AI algorithm helps to know the root cause of the cancer keeping the patient’s medical history in processing. Moreover, cancer care is possible through AI because of the predictive analysis of the patient’s current situation.
Early diagnosis is the main measure to increase the chances of successful treatment and reduce its cost. Many wearable devices and remote monitoring apps or systems are helping patients deal with the situation by themselves. These devices act as personal assistants and help people take safe measures.
