Global Population Health Management Market: Overview
employers and payers to improve the health of the patient in lower cost are known as population health management (PHM). The benefits associated with the identification of at-risk patients along with the profit obtained from both cost and patient’s health perspective by engaging and involving patients are recognized by providers, payers, and employers. Population health management software is used in the various application such as data management, care plan development, and management, consulting, ongoing maintenance, care coordination and patient interaction, analytics. In addition, it offers some services such as implementation and outsourced care & coaching.
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Global Population Health Management Market: Growth Factors
The major driving factors of the global population health management market are shifting healthcare priorities, and increasing healthcare costs. In addition, the emergence of big data analytics may also fuel the global population health management market in the coming years. Medical industries are hastily adopting the digitized system, which is enhancing the global demand for healthcare IT services. Moreover, the services that are provided by vendors such as value-based care delivery, fee-for-service, and value-based payment model are expected to enhance the global population health management market in a positive way. Increasing efforts to control rising health care costs, escalating demand for valuable disease management, rapid adoption of VBP model, and increasing government support in order to track health issues of the population are some of the major drivers responsible for accelerating growth in the global population health management market. Medical professionals such as doctors and specialists are involved in the task to improve the quality of the healthcare services as well as the overall cost involved.
Global Population Health Management Market: Segmentation
The global population health management market is fragmented based on end-user as healthcare payer, government bodies, healthcare provider, and employer groups. Based on the component, the global market is segmented as services and software. Moreover, the global population health management market is bifurcated on the basis of delivery mode as on-premise, web-based, and cloud-based.
Global Population Health Management Market: Regional Analysis
Growth in the fee-for-service and number of people served in the US drive the global population health management market. In addition, lower healthcare costs and improvements in patient health are anticipated to foster the global market growth. The company focuses on deploying population health management and expanding their existing PHM programs, which in turn is anticipated to boost the global market growth.
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Global Population Health Management Market: Competitive Players
Major players operating in the global population health management market are OptumHealth, Inc., cKesson Corporation, Conifer Health Solutions, LLC, Health Catalyst LLC, and i2i Systems, Inc. Other players include Cerner Corporation, Healthagen, LLC, Verisk Health Inc., IBM Corporation, Allscripts, Inc., and WellCentive, Inc.
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