Healthcare Business Review Weekly Brief
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Recent statistics have depicted a sharp increase in the aging population and the number of people being diagnosed with chronic diseases. The demand for comprehensive, long-term elder care solutions that accommodate physical and mental disabilities has grown exponentially. On this note, the global elderly care solutions market is expected to reach $954 million by 2032, according to the most recent market estimates, growing at a CAGR of 6 percent during this period.
Governments worldwide are working toward implementing initiatives that make elderly care accessible, and insurance providers are introducing favorable reimbursement policies for seniors, leading to further market growth. The integration of modern tech into geriatric services to help seniors experience an improved quality of life is also driving the market expansion.
To put the spotlight on such key developments in the industry, HealthCare Business Review illustrates how companies are leveraging the latest technologies to meet the elder care service expectations of businesses. The edition features thought leadership articles from Mitchell Fong, Vice President of Virtual Care at Renown Health, who sheds light on the realities of virtual care in a post-pandemic world, and Sarita Wilson-Guffin, Director of Spiritual Care at Le Bonheur Children’s Hospital, who speaks about the benefits of spiritual care for adult and pediatric patients.
In this edition of Healthcare Business Review, we also bring you some of the top elder care service providers that deliver the best healthcare solutions for their clients. The list includes Sodalis Senior Living, which stands out for its assisted living and memory care facilities that include medication management, recreational VR capabilities, and special services for its residents with dementia.
We hope this edition assists you in finding the ideal elder care solution provider that will deliver high-end and inclusive services to improve the quality of life for the elderly.
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.
Sodalis Senior Living was founded in 1996 in Texas. The company started out as a small memory care facility but over the last two and half years had grown from having nine communities to currently having 24 communities in three states. It empowers people to live their best lives remaining active and engaged in the things they care about.
1st CHOICE is contracted with over 3,500 providers in the Pacific Northwest. This means families who work with 1st CHOICE are introduced to only providers that match their needs and preferences. The agency is supported financially by the senior living providers through a referral fee once the older adult makes the actual move to the assisted living, memory care, or adult care home.
Les Ostermeier, Clint Slater, FoundersWe don’t make the decision for people, but we do make the process easier to understand and a lot more predictable
Elysian Senior Homes owns properties in Lake City, Duluth, The Downtown Plaza, and Chanhassen providing assisted living, dementia care, and community life. The Elysian Homes offers individualized care plans that allow seniors to continue to live as their needs change with a high level of support and care
MD Senior Living is focused on creating a supportive and fulfilling environment for its residents to thrive while making new friends and engaging in meaningful activities. Designed with residents’ safety, comfort, and well-being in mind, its assisted living homes combine contemporary aesthetics with functional and safety features to make residents feel safe and secure in a luxurious atmosphere
Open Arms Solutions helps clients and their families to find joy, purpose, and as much peace as possible on the challenging chronic care journey. They are a fully licensed in-home care services company committed to reimagining inspired care for seniors with chronic conditions
Julie Kollada, Founder and PresidentChronic disease and end-of-life care are challenging. We believe, with the right perspective and support, our clients and their families can find joy and purpose
Right Hand Senior Care is dedicated to maintaining and improving the quality of life for advanced-age adults by providing dependable and affordable in-home care throughout the community
The Charleston Senior Community is a locally owned and operated community that provides the very best care for the elderly while curating unique experiences through daily activity programs and dining experiences.
Circle of Life is a care home for patients with advanced Alzheimer’s and dementia. Its private residential facilities offer a holistic approach to comfort patients. Residents enjoy family visits, home-cooked meals, and multiple activities that are not bound by a schedule, making them feel more at home rather than in a care facility
Careage is a full-service organization offering an array of senior-focused construction, management, and health care services. The company offers exceptional services to a wide variety of clients, including hospitals, medical clinics, Skilled Nursing and Post- Acute Rehabilitation facilities, Assisted Living communities, Memory Care centers, and retirement communities
ElderTree is the leading provider of compassionate care management solutions for older adults. By providing care management services for the family, advocating on your behalf with healthcare and service providers, and coordinating care for your loved one, ElderTree can provide you with the support you need when navigating the world of Eldercare
