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Welcome back to this new edition of Healthcare Business Review !!!✖
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6 SEPTEMBER - 2023The healthcare industry is undergoing a paradigm shift, with virtual medicine here to replace conventional medical services. In the face of rising cases of chronic conditions, increasing healthcare costs, and social determinants of health, virtual care improves the quality of healthcare services by placing patients at the center and providing ongoing access, personalized care, and engagement. According to a report by marketsandmarkets.com, the global telehealth market was valued at $87.2 billion in 2022 and is poised to reach $285.7 billion by 2027, registering a CAGR of 26.6 percent between 2022 ­ 2027. This unprecedented growth can be attributed to the growing geriatric and medically underserved populations, advancements in telecommunications, and the benefits of telehealth, given the current shortage of physicians and care personnel. Although the healthcare industry has been relatively slower in leveraging digital technologies, the excessive burden placed by the pandemic has expedited the adoption of a digital-first approach. To meet the rising demands for healthcare services, organizations are now leveraging AI-powered technologies to provide automated interactions with patients during critical times. AI-based healthcare chatbots, when integrated with medical information like symptoms, medications, treatments, and conditions, can help save crucial time. This edition of Healthcare Business Review delivers a bird's-eye view of the recent developments in the virtual care arena and insights into how organizations are aligning with these trends and adopting new ways to transform legacy practices.We have curated thought leadership articles from industry experts, including the Virtual Services Director at Saint Francis Health System and the Vice President of Virtual Care at Renown Health.We also took a deep dive into the market trends to narrow down the list of companies delivering innovative virtual care services and solutions. Equipped with innovative technological capabilities, companies like My Virtual Physician and One to One Health help transform businesses at the cloverleaf of various disruptive technologies.We hope this edition of Healthcare Business Review's virtual care service and solution providers helps you build the partnership you and your organization need to foster an environment driven by efficient technology.Let us know your thoughts!Ushering a New Era of Virtual CareEditorialAlex D'souzaManaging Editoreditor@healthcarebusinessreview.comManaging 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.SEPTEMBER - 30 - 2023, volume 06 - Issue 05 (ISSN 2836-7030) Published by ValleyMedia, Inc. To subscribe to Healthcare Business ReviewVisit www.healthcarebusinessreview.com Disclaimer : *Some of the Insights are based on our interviews with CIOs and CXOsEmail:sales@healthcarebusinessreview.comeditor@healthcarebusinessreview.commarketing@healthcarebusinessreview.comImmanuelRonald Donovan
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