What is health literacy and is there really a problem?
There are 40 million people over 65 years of age. With an additional 10,000 new elders added to that number every day. One in five patients will be readmitted to the hospital within thirty days. One out of five households speaks a language other than English. In the home, 80% of Healthcare dollars are spent on elderly, chronically ill and people spent on elderly, chronically ill and people who read a language other than English.
And AMA studies show that 80% of all elderly have difficulty using documents such as forms and charts. And an estimated two-thirds of older people are unable to understand the information on their prescription bottles Government estimates that the cost to the US economy for low health literacy is $106-238 Billion annually.
To put this in perspective, the cost represents an amount equal to the cost of insuring every one of the more than 47 million people who lacked coverage in the United States in 2006. When elderly, chronically ill and foreign-born patients can’t understand or remember their medical directions, the consequences are hugely expensive.
For hospitals, the new fines for unnecessary readmission’s could cost Florida hospitals alone $7 Billion over the next 5 years. Nearly 40% of these avoidable readmission’s are due to communication breakdowns between the patient and the healthcare system.
Our solution enables healthcare providers to give every patient medical instruction are spoken in their own language, on a compact unit specifically designed for this age group.
Unlike fragile cell phones and complex apps, our solution gives medical information anywhere, anytime and in any language through a patented voice information system. Our unit is very sturdy, not wifi dependent, simple to operate and easy to see by the elderly or anyone.
Our products are three-tiered information voice systems consisting of an authoring system to upload client data and specifically related instructions, a hand-held, portable voice delivery unit that features a tactile faceplate to accommodate the visually impaired and elderly patients and a cloud storage system.
We have called our system, SpeechMED.