Drivers and Restraints Impacting Global Population Health Management Market; MRFR Unleashes the Forecast for 2018–2023. The global population health management market is poised to create a valuation of over USD 44.37 BN by 2023.
Major Players that Leading the Market
Players leading the global population health management market, include Cerner Corporation, Allscripts Healthcare Solutions Inc., Epic Systems Corporation, McKesson Corporation., Health Catalyst., International Business Machines Corporation (IBM), Optum, Inc., Conifer Health Solutions, LLC., Koninklijke Philips N.V., ZeOmega, Lumeris, Healthagen LLC, Persivia, and UnitedHealth Group, among others.
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The population health management market is rising continually. Factors such as the evolving healthcare IT sector and the adoption of healthcare IT solutions drive the growth of the market. Moreover, the advantages of population health management solutions that help in improving clinical outcomes, and lowering the cost of treatments accelerate the market growth, increasing the uptake of PHM solutions.
Simultaneously, large developments in healthcare IT, such as digitization & computerization of data, increasing processing power, and inter-connectivity of systems, boost the market growth colossally. Additional growth drivers of the market, include the demand for value-based care delivery that has resulted in shifting the payment model from fee-for-service to value-based services, implementation of programs such as Affordable Care Act (ACA), Hospital Readmissions Reduction Program, and Medicare initiatives that have been implemented to penalize unnecessary patient readmissions.
Global Population Health Management Market – Segments
The market is segmented into five dynamics to widen the scope of understanding,
By Component : Hardware, Software, and Services (Consulting Training & Education, Post-Sale & Maintenance Services, others).
By Solution : Data Integration & Management (Financial Data Integration, Clinical Data Integration, Real-Time Data Exploration, Data Warehousing, others), Analytics (Predictive Analytics, Point of Care Decision Support, others), Patient Engagement (Multi-Modal Communication, Remote Monitoring, Treatment Plan, Monitoring & Compliance, others), Care Coordination (Real-Time Alerting, Care Management Work Flow Automation, Care Team Coordination, Clinical Reporting, others).
By Delivery Mode : On-Premise, Web-Based, Cloud-Based, App-Based.
By End-user : Healthcare Providers, Healthcare Payers, Government Organizations, and others.
By Regions : Europe, North America, APAC, and the Rest-of-the-World (RoW).
Population Health Management Market – Regional analysis
North America is estimated to continue its dominance over the global population health management market. The largest market share of the region attributes to the high per capita health care expenditures and the transition to value-based care delivery that leads to change from fee-for-service to a value-based payment model. Moreover, rising funds invested in R&D for the development of new technologies and government initiatives & favorable policies are supporting the regional market growth.
Furthermore, the rising prevalence of chronic diseases in the aging population and the presence of a well-established healthcare system foster the growth of the regional market. The US leads the regional market due to the regulatory changes such as the implementation of the Affordable Care Act, Hospital Readmissions Reduction Program, and the Medicare initiative to penalize unnecessary patient readmissions.
Table Of Content
- REPORT PROLOGUE
- MARKET INTRODUCTION
2.2. Scope of the Study
2.2.1. Research Objective
- RESEARCH METHODOLOGY
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
- MARKET DYNAMICS
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Industry/ Innovation/ Related News
October 10, 2019 — Geisinger Health System (the US), a regional health care provider in Pennsylvania and southern New Jersey, announced its partnership with Cerner Corporation (the US), a leading supplier of health information technology solutions, services, devices, and hardware. Geisinger has signed this new ten-year agreement with Cerner to leverage its HealtheIntent platform for improved population health management. As per the deal, Geisinger and Cerner will establish an innovation team dedicated to advancing healthcare solutions & new capabilities, including artificial intelligence (AI) & machine learning models.
Recently (on Oct.03, 2019), Carner launched its population health management tools, developed in collaboration with i2i Population Health, a population health management platform to help reduce costs and improve healthcare for Medicaid populations. The partnership aims to deliver population health insights to state Medicaid, CMS, and managed care stakeholders as the amount of money spent on National Medicaid is expected to increase in the next five years.
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