6 March 2023Alex D'souzaManaging Editoreditor@healthcarebusinessreview.comThe 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 well-suited 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.The Dawn of Effective Home Care with AIEditorialManaging EditorAlex D'souzaEditorial StaffAaron PaulJoe PhillipJames SmithMark RobertVisualizerCopyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.March - 15 - 2023, volume 06 - Issue 02 Published by ValleyMedia, Inc. To subscribe to Healthcare Business ReviewVisit www.healthcarebusinessreview.com Email:sales@healthcarebusinessreview.comeditor@healthcarebusinessreview.commarketing@healthcarebusinessreview.comImmanuelAsher blakeDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
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