Healthcare Business Review Weekly Brief
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The home healthcare providers industry is among the fastest growing healthcare industries in the U.S. Home care saves patients billions of dollars every year by treating them in their own homes instead of at hospitals. An aging population, the prevalence of chronic diseases, growing physician acceptance of home care, medical advancements, and a movement toward cost-efficient treatment options from public and private payers have all fostered industry revenue growth. Home healthcare revenue, according to a recent market study, has grown at an annualized rate of 2.2% to $96.9 billion over the past five years.
AI is among the top tech trends driving this growth for its ability to be both a virtual nurse assistant and digital companionship. AI-powered virtual nurse assistants can help providers increase patient engagement, improve care, and deliver better outcomes, while reducing costs. Similarly, AI-powered chatbots are wellsuited to address social isolation in homecare environments. These chatbots leverage algorithms based on advanced natural language processing to carry on a conversation naturally.
To put the spotlight on other key developments in the industry, Healthcare Business Review Cannada illustrates how providers are leveraging advanced technologies to improve home care for patients. The edition also features thought-provoking articles fromDr. Michael Genovese, Chief Medical Officer at Acadia Healthcare; J. Morgan Allen, CHPCA, CMPE, Director, Home and Supportive Care Service Line at Chesapeake Regional Healthcare; and Mark Cohen, Medical Director at Emcara Health. They shed light on how healthcare leaders must remember to look after themselves, the advantages of care management across the continuum, and the usage of the right data, team, and tech to deliver care effectively.
In this edition of Healthcare Business Review Cannada, we also bring you the story of some of the top home healthcare service providers that help clients maximize the success of providing quality care at home. In the list, Northwood stands out for its ability to offer affordable retirement living with the necessary support.
Through the following pages, we aim to shine a light on the innovative trends and latest developments in the home healthcare industry. We would like to know your thoughts.
Usually, the qualified subscribers of our magazine nominate companies with whom they have collaborated and experienced exceptional results to be in this list. Did a company you recently worked with give you stellar results and ROI? Did it turn out to be one you would wholeheartedly recommend to peers? Or do you know of such an outstanding company through your network? Please fill in the details below and nominate them to be featured here.
Northwood’s services focus on person-centered care. The needs and preferences of each individual senior are taken into account in the design and delivery of their services. Northwood’s staff members work closely with seniors and their families to develop personalized care plans that consider their physical, emotional, and social needs.
Bayshore Home Health has provided Canadians with high-quality healthcare for over 55 years and ranks among the most trusted names in home care. Its team of professionals enables customers to stay in the security and comfort of their own homes, maintaining seniors’ quality of life and independence
CBI Health that’s where better starts for millions of Canadians. They are Canada’s premier community healthcare provider, consistently providing innovative rehabilitation & home care programs that assist their customers in meeting their health objectives
iCare Home Health Services was founded with a new and “joie de vivre” (joy of life) approach to offering homecare services and caregiver services to help keep their “loved ones,” young and old, in their homes while they recover fully, recover from a medical condition, or enjoy life
Nexim Healthcare Consultants is a social care service provider that offers community living assistance and healthcare services. Diversified Health and Social Service Organizations in the Greater Toronto Area supported the IT and healthcare personnel requirements of hospitals, group homes, retirement complexes, and seniors retiring at home
With the right tailored plan, ParaMed delivers the comfort and assistance users need at home to protect their loved one’s freedom and safety and assist them in living better. ParaMed Home Health Care provides a comprehensive range of personalized, high-quality healthcare services
Premier Homecare Services will collaborate to ensure patients receive the best homecare possible in the Kitchener-Waterloo and Guelph regions and London and Sault Ste. Marie. They can aid in the long and short term, whether they only need help at home while recovering from surgery or have a severe condition that requires additional care
Right at Home’s professional caregivers are enthusiastic about assisting customers because they understand that each person they touch changes the world. The goal of Right at Home is to help users in doing precisely that
Silver Fox Pharmacy delivers unrivaled care and assistance to residents and employees in Long Term Care Facilities and Retirement Communities. Their entire staff is devoted to medication accuracy plus clinical aid
VHA Home HealthCare, founded in 1925, is a non-profit charity organization comprised of over 3,000 various professionals, including nurses, personal support workers, rehab therapists, home care workers, extreme cleaners, and office support employees
