Population Health Management (PHM) aims to better the health outcomes of a group by monitoring and identifying individual patients within that group. They use Business Intelligence tools to aggregate, analyze data and provide meaningful insights which will aid in the process of decision making from a patient perspective. Using this data, effort is made to improve the clinical outcomes while lowering costs.
Care management is a dire constituent of PHM, and while the goals of care management can vary from organization to organization, they tend to revolve around refining patient self-management, improving medication management, and reducing the cost of care such as admit rates.Currently, North America is the largest market for Population Health Management. This can be attributed to the increase in the number of Government initiatives towards adopting the PHM system. Asia Pacific is the fastest growing segment for the future.
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The Global Patient Health Management market can be classified on the basis of Component (Hardware, Software, Services), Application (Clinical case reports, compliance programs, health economics, ROI, resource management, care coordination & provider incentives), Delivery mode (On-premise, cloud based, web based & mobile based), End user (Payers, Providers, Employer groups, & Government organizations) and Geography (North America, Europe, APAC & RoW).DriversIntroduction of Patient protection & Affordable Care Act (ACA) encouraging hospitals to take up PHM programs, emergence of big data analytics, rise in demand for better patient quality of life, rise in demand to reduce healthcare costs and increasing incidences of chronic disease population are the major factors boosting the market growth.
RestraintsData management & safety of the data concerns, lack of trained professionals and the lack of a presence of a proper system which requires investment to run PHM smoothly are the major challenges faced by the PHM market.
What the report offers
Market Definition for the specified topic along with identification of key drivers and restraints for the market.
Market analysis for the Global Population Health Management Market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the Global Population Health Management market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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