The global population health management market is expected to reach USD 88.9 billion by 2025, according to a new report by Grand View Research, Inc. The need for population health services that combine multiple functionalities is increasing, due to the complex nature of care delivery and payment models. PHM solutions can process clinical, financial, and operational data for the improvement of efficiency and patient care. Convenience offered by value-based payment models is responsible for increased adoption of population health solutions by the accountable care organizations (ACOs).
ACOs, consisting of hospitals, clinics, doctors, and other caregivers, collaborate with the payers for the delivery of high quality care to the patients. Private and public insurance providers have introduced various disease management programs, to assist in treatment of chronic illnesses. These multidisciplinary efforts are expected to result in efficient treatment outcomes and are likely to suggest best suitable courses of action that need to be undertaken. Successful large-scale trials in the U.S. have enabled significant advancements in disease management programs.
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https://www.grandviewresearch.com/industry-analysis/population-health-management-phm-market
Further Key Findings from the Study Suggest:
- North America reported highest revenue growth in the PHM market. The increasing pressure by the government on healthcare providers since implementation of Obamacare in 2010, to contain high healthcare costs, is one of the leading factors propelling the demand and requirement for population health management practice.
- The software market is expected to account for the largest market share in the year 2015. The growth of the software segment can be owed to the fact that it enables the establishment of a more customized system that can be tailor made to fit individual business requirements.
- Healthcare providers accounted for the largest market share in 2015, although the employer groups are expected to experience fastest growth in the forecast period. Employers are focusing toward conservative utilization of resources to lower costs as well as ensuring that employees maintain good health.
- Some of the key players in this industry Allscripts, Inc.; Cerner Corporation; Conifer Health Solutions, LLC; eClinicalWorks; Enli Health Intelligence; McKesson; Medecision; Optum; and WellCentive, Inc.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more Information: www.grandviewresearch.com
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