👉 Care math is a systematic approach to evaluating and managing the costs associated with providing care, particularly in healthcare settings. It involves quantifying direct and indirect expenses related to patient care, such as medical services, medications, hospital stays, and personal assistance, to create a comprehensive financial model. This method helps healthcare providers and policymakers understand the true cost of care, allocate resources efficiently, and make informed decisions about budgeting and policy-making. By identifying cost drivers and potential savings opportunities, care math supports efforts to improve the sustainability and quality of healthcare services while ensuring they remain accessible and affordable.
