Healthcare Business Review Weekly Brief
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The 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!
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.
Hydrogen Health uniquely blends the use of AI technology, secure text, video, and a rigorous quality assurance approach to put power back in the hands of patients. Hydrogen gives patients the ability to schedule an annual wellness visit, get immediate care for an urgent condition, or discuss chronic care needs with a provider at their convenience.
UpHealth is a global digital health company that delivers digital-first technology, infrastructure, and services to dramatically improve how healthcare is delivered and managed. Its solutions holistically enable clients to deliver on their affordability, access, quality, outcomes, and patient experience goals.
Melissa Frieswick, Chief Growth OfficerOur mission is to enable high-quality, affordable, and accessible healthcare for all, we do this by applying advanced analytics and artificial intelligence to create digital tools and services that improve efficiency, continuity of care, and patient outcomes
UpHealth
Management
Melissa Frieswick, Chief Growth Officer
Andy Panos EVP of Telehealth Timothy Wilde, CTO
Brave Health would be a virtual mental health provider committed to assisting individuals to thrive by providing high-quality, inexpensive, and conveniently accessible mental health treatment
BioIntelliSense accelerates RPM and Virtual Care initiatives with a complete solution strategy and offering used by hospitals/health systems, provider groups, and payors in the United States and select markets worldwide
For almost 25 years, Medweb pioneered medical imaging software, serving hospitals and health systems alongside the US Military and federal agencies. Medweb provides the most secure, cost-effective platform to provide clinicians with the tools they need to provide the greatest quality of care, from integrated RIS/PACS to Picture Exchange to Cloud Archiving to easy Online Viewing
Moving Analytics is the top supplier of cardiovascular preventive programs via telemedicine. Movn, the initial product, is a complete, integrated application for remote and virtual cardiac rehab
The primary product of PTX TherapyTM is an intelligence system that offers individualized postural therapy exercise routines, simulating the face-to-face therapy procedure - it is the world’s first and only online treatment of muscle and joint discomfort
Sesame Workshop is constructing a completely new healthcare system for uninsured People and those with high-deductible insurance. The company’s marketplace substitutes inefficient, expensive healthcare with a direct link between patients and providers, either digitally or in person
Strive MedTech alleviates the strain on care teams while promoting optimal patient outcomes. Its virtual care technology offers critical information to care teams and ensures that patients are never alone
Virtual OfficeWare is committed to assisting physician practices in being more effective, improving patient care, and creating healthier communities. Its goal is to simplify the healthcare industry by offering great service and technological solutions that allow medical practices to be more productive and spend more time positively influencing patient lives
