Microhospitals are acute care facilities that are smaller than the typical acute care hospital. In short, they’re licensed hospitals that operate 24/7 in a fraction of the space of traditional acute care hospitals. They’re equipped to respond to almost any medical issue, including those requiring critical care. While all micro-hospitals have a core set of services, the sites are also highly customizable, which allows organizations to adapt them to their target markets.
“We’re moving toward microhospitals to enhance our integrated delivery network. It’s all about population health and one-stop shopping for consumers.” says Laura Hennum, Chief Strategy Officer at Dignity Health.
Emerus Holdings Inc. is the nation’s first and largest operator of micro-hospitals. Emerus has served 1 million patients till now and have hospitals in 19 states, these hospitals continue to grow and are becoming a trend in health care.
Many organizations have used micro-hospitals to enter a new market without the significant investment needed for a full-scale hospital. For example, SCL Health in Colorado deployed micro-hospitals as its primary means of moving into the high-growth areas of the Denver metro area.
The micro-hospital approach allowed SCL Health to develop a care model that was convenient and accessible, while also expanding inpatient services to neighborhoods where demand would not justify a traditional hospital investment.
How Could Global Microhospitals Market Addresses The COVID-19 Concerns?
What started as an outbreak in China near the end of 2019 has now developed globally.
Last week, for the first time since the COVID-19 epidemic started, the number of new cases outside of China was greater than inside the country.
By 1 March, the total number of confirmed COVID-19 cases in China was 80,565 (3,015 deaths) and in the rest of the world 14,768 (267 deaths).
China has done a great job in controlling COVID-19, and in doing so has bought the rest of the world time to prepare and contain the virus in geographically isolated areas, so far avoiding a pandemic.
The World Health Organization’s response has also been extraordinary but requires private sector support.
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Increased Need for Hospitals During COVID-19 for Treating Patients
Coronavirus patients with access to hospital equipment, ICU beds, have a much greater chance of survival.
With 377,431 confirmed cases of COVID-19 on 24 March, health systems around the world are groaning under the strain.
Italy, which has suffered the deadliest outbreak of the disease with almost 64,000 cases, has 12.5 critical care beds per 100,000 people; compared with Germany, which has 29.2.
Once people are admitted to hospital, coronavirus patients require intensive and lengthy treatment, meaning beds are tied up for a several weeks.
Doctors in the north of Italy say that 70% of their intensive care unit beds are now reserved for coronavirus patients with a reasonable chance to survive.
Global Micro hospitals Market Landscape
Goldstein Research analyst forecast the micro hospitals market size is set to register the CAGR of 6.1% over the forecast years.
Based on geography, USA market for microhospitals is expected to grow at a CAGR of 5.86% over the forecast period and dominated the microhospital market owing to the collaboration and partnership to increase the adaptation of microhospitals. Europe is the second-largest market.
Based on location, tier 1 & 2 cities are the target locations for microhospitals and are the dominating segment of microhospital market with market share of 55% in 2016 attributed to the microhospitals are similar to community hospitals and health systems are placing microhospitals in larger metro areas in communities where patients may not have easy access to acute or emergency care and microhospital seeks to fill that care gap and provide better access to care.