Skilled nursing facility services are becoming increasingly popular among consumers due to their exceptional medical treatment and care. The outbreak of COVID-19 has changed consumer behavior and increased demand for such services. The geriatric population suffers from illnesses like Alzheimer’s, Parkinson’s, cardiovascular diseases, cerebral palsy, and diabetes, which fuels the demand for skilled nursing facilities nationwide. Skilled nursing facilities leverage the latest technologies to provide occupational, physical, and speech therapy to help patients recover and improve their health following an illness, injury, or operation.
The global skilled nursing facility market is expected to reach US$ 592.1 billion by 2030 and is poised to grow at a CAGR of 7.2 percent. The market is expected to grow due to improved access to healthcare facilities, an increasing geriatric population, an increase in chronic diseases, and an increase in consumer healthcare expenditure. The favorable government policies and reimbursements regarding skilled nursing facilities are expected to positively impact the skilled nursing facility market growth. A growing number of nuclear families are searching for skilled nursing facilities for the elderly members of their families, which is expected to boost the demand for such facilities.
This edition of the Healthcare Business Review brings forth the most influential developments and continuous technological advancements in the skilled nursing facilities arena.
It features a thought leadership article from Angel McCullough, Director, Nursing Operations and Patient Care Services at Jefferson Health, who discusses how trust and connection within the work can be the anecdote that allows eradicating the pandemic of compassion fatigue that threatens the healthcare system. It also features an article from Amalia Cahyaningtyas, Nursing Head Division at Eka Hospital Cibubur, who sheds light on the importance of handing over the activities between shifts, reducing the number of patient incidents, and increasing the quality of nursing services.
In this edition of Healthcare Business Review, we also bring you the story of some of the top skilled nursing facilities service providers dedicated to providing enhanced patient care and solutions in the healthcare industry. One of them is Paradise Valley Estates, a not-for-profit continuing care retirement community (CCRC) in Fairfield, California, that offers a full continuum of healthcare services.
In this edition featuring the top Skilled Nursing Facilities Service Providers 2023, we hope you find the right partner for your business’s performance and needs.
