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 Canada illustrates how providers are leveraging advanced technologies to improve home care for patients. The edition also features thought-provoking articles from Dr. 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 Canada, 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.
Xspect’s accreditation inspections and acceptance testing assist radiology equipment owners in simplifying the compliance process. It also advises clients on maintaining quality assurance, optimizing imaging equipment, dosing assessment, and creating innovative radiation shielding designs.
Arterys is the global leader and the world’s first online medical imaging platform. Its goal is to revolutionize radiography to transform healthcare. The Arterys platform is entirely web-based, AI-powered, and FDAapproved, allowing straightforward clinical solutions.
BIOTIC (BIOmedical Translational Imaging Centre) is a multi-site imaging center housed in two of Nova Scotia’s major research and teaching institutions. The BIOTIC team collaborates on the development of medical technology, as well as the development of novel imaging methods and approaches for diagnosing and monitoring therapy.
CAMIS approaches all of its exams in a collaborative and client-centered manner, intending to provide users with the finest treatment possible. Because each patient is unique, they work hard to guarantee that their doctor receives the diagnostic report within 24 hours
Canada Diagnostic Centres (CDC) is Alberta’s leading supplier of radiology services, serving approximately 496,000 patients annually. Its medical imaging centers are across four Alberta municipalities, offering diagnostic imaging services across 18 community-based clinics.
Insight Medical Imaging is a team of 27 radiologists and colleagues offering comprehensive diagnostic imaging services in Edmonton and the surrounding area. Insight Medical Imaging operates in the healthcare sector to be a change agent, provide services and skills not available elsewhere, and build significant connections.
Luxsonic’s SieVRt powered is an all-in-one VR radiography suite that enables better communication and cooperation. It offers students, trainees, and clinicians powerful medical imaging visualization capabilities in a compact, low-cost package.
In 1996, four area radiology groups merged to become Medical Imaging Consultants. Currently, MIC Medical Imaging are Alberta’s biggest radiology collaboration. They already have 100 radiologists with a wide range of subspecialties and areas of competence, as well as over 450 technicians and support personnel.
Southmount Imaging is a specialized team of radiologists with a wide range of radiology experience. They actively engage in medical radiology (interpreting the scans), research, and education. They are linked with McMaster University, and most of its radiologists train the next generation of doctors at the institution.
Ventripoint Diagnostics Ltd. is committed to producing high-quality, intelligent solutions that address healthcare practitioners’ urgent demands while improving the clinical experience for their youngest to oldest patients.
