The Cost of Falls and Understanding the Financial Impact of Fall-Related Injuries

The Cost of Falls and Understanding the Financial Impact of Fall-Related Injuries
The Cost of Falls and Understanding the Financial Impact of Fall-Related Injuries

Falls are a growing concern in many households, especially for the elderly and their families. Not only are they often accompanied by painful injuries, but they can also bring an unexpected financial burden. Sadly, medical expenses resulting from fall-related injuries continue to increase every year. This is something that most people fail to account for when budgeting or considering home safety measures. Being mindful about the cost of falls and understanding the financial impact of fall-related injuries is the first step to making sure you’re prepared in case of an emergency.

Did you know?

Recent research using data over the course of one year from one hospital in Ireland, estimated that admissions due to falls among older people cost the hospital €10.8 million.

The Cost of Falls and Understanding the Financial Impact of Fall-Related Injuries

Costly medical bills

The burden of healthcare expenses can be overwhelming for families, especially when it comes to costly medical bills. In Ireland, falls are a major cause of hospitalisation for people over the age of 65. While medical care is essential in treating these injuries, the cost can add up quickly and put a strain on families’ finances. However, there are a few financial aids that can help in this situation:

  • Health insurance: make sure your loved one has adequate health insurance coverage and review their policy to see what expenses are covered.
  • Review: review all medical bills carefully to ensure they are accurate.
  • Payment plans: this might be something you can discuss with your provider if the costs are overwhelming.
  • Professional advice: consult with a financial advisor or elder care specialist who can provide guidance specific to your loved one’s situation.

Exploring options for financial aid and support can alleviate some of the stress associated with medical bills. As a compassionate society, we must continue to advocate for accessible and affordable healthcare for all.

Rehabilitation expenses

Falling can happen to anyone, but for elderly individuals or those with pre-existing medical conditions, the risk of falls can be even higher. Following a fall, your loved one may receive rehabilitation services while still in the hospital. They are sometimes covered by the public health system provided your loved one qualifies for public health services. Depending on their needs, these services may include:

  • Physiotherapy: treatment to restore, maintain, and make the most of a patient’s mobility, function, and well-being.
  • Occupational therapy: helps to develop, maintain and regain the skills necessary for daily living, work and leisure activities.
  • Speech and language therapy: focuses on the assessment, diagnosis and treatment of individuals with communication disorders.

The cost of the above can vary depending on the severity of the condition being treated, the duration and the intensity of therapy required.

Work absenteeism

Missed employment due to falls can have a significant impact on both the individual involved and their families. The cost of this is not just limited to medical care but also loss of income and productivity. For those who experience it, the outcome can be devastating and causes additional stress and financial strain for those affected. This is particularly difficult if the person with the injury is the main breadwinner of the household.

Falls can not only lead to physical injuries but also psychological distress, which can impact an individual’s ability to carry out their work duties. With the aging population on the rise, employers must work to create a workplace that is accommodating to elderly workers and encourages them to report any incidents. By taking the necessary precautions, they can help prevent missed work days and ensure their employees remain healthy and productive.

At Isaac Care, we provide the right care, in the right place and at the right time. Through our unique blend of technology and care, we can support people to live independently in their own homes.

Isaac Care and Fall Prevention

• The Isaac Fall Alarm is a smart, easy to use, personal alarm which offers reassurance that your loved one can instantly access help whenever they need it.
• Our dedicated team are on hand 24/7, 365 days per year to respond to any SOS or fall alert. 
• Giving you peace of mind that our dedicated team are on hand at the push of a button.

How the Isaac Fall Alarm works:

  • Hold the SOS button for 3 seconds and the device will call the emergency contact or our 24/7 call center support.
  • Speak directly into the fall alarm to the emergency contact. 
  • Rest assured that help is on the way. The emergency contacts will be notified of any activation and are given the exact location of where the fall occurred.

The Isaac Fall Alarm also has an accelerometer that can automatically detect the sudden impact of a fall. In this case a call will be initiated to the designated emergency contacts and the same process as above will be followed.

As most falls can be prevented, it is important to make sure that we are doing everything we can to keep ourselves and our loved ones safe.

Fall Prevention Strategies

• Create a safe environment: from removing tripping hazards to installing handrails and grab bars and improving lighting, there are many ways to make homes and workplaces safer.
• Regular exercise: by remaining active and engaging in activities like walking, yoga, or swimming, it can improve balance, strength, and coordination .

The Cost of Falls and Understanding the Financial Impact of Fall-Related Injuries

Focusing on these prevention strategies can help reduce dangerous accidents by making sure those at risk such as our loved ones, are taken into consideration first. With improved education and awareness surrounding falls, we can work together to decrease fall-related injuries, which not only saves money in the long run, but protects thousands of lives each year too.

Get in Touch

Our dedicated team are on hand to assist you in any way. Contact us on (042) 936 8391 or fill in your details in the contact form and one of our team will be in touch.