Jeremy Lim, a partner in Oliver Wyman's global health practice and the lead for the firm's social impact projects in Asia, wrote an op-ed titled “The Other Paradigm Shift in Debate on Nursing Home Care Model” for The Straits Times.
The article explored the economics of long-term care in nursing homes based on a project Oliver Wyman undertook on behalf of the Lien Foundation and the Khoo Chwee Neo Foundation.
Lim explained in his op-ed how the team worked with a number of nursing home operators, geriatricians, and other aged-care experts to model out the impact of adopting a transformative model of care.
"The hope is that by modelling out the costs of the different models," he wrote, "we could support society engaging in a far richer dialogue, grounded in facts and biased towards action."
Moreover, he concluded: "Nursing homes are the issue here but the more important paradigm that is shifting is how the Government and civic society, despite starting with ideological differences, are working together to make our country better."
Learn more about the report's findings here.