Rhode Island Chronicle

Population Health Management Market : Opportunities and Challenges

 Breaking News
  • No posts were found

Population Health Management Market : Opportunities and Challenges

October 31
18:44 2019
Population Health Management Market : Opportunities and Challenges

Cerner Corporation (U.S.), McKesson Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Healthagen, LLC. (U.S.), OptumHealth (U.S.), IBM Corporation (U.S.), Epic Corporation, Inc. (U.S.), Conifer Health Solutions, LLC (U.S.), Health Catalyst, LLC (U.S.), Wellcentive, Inc. (U.S.), i2i Population Health (U.S.), and Verscend Technologies, Inc. (U.S.) are some of the key players in the population health management market.
Population health management programs and data analytics initiatives will be among the top investment priorities for hospitals in logistics management, health information exchange (HIE), and predictive analysis of diseases.

The population health management market is projected to reach USD 42.54 billion by 2021 from USD 13.85 billion in 2016, at a CAGR of 25.2% in the next five years (2016 to 2021).

Increasing focus on value-based medicine

Future healthcare trends are expected to be more quality-oriented as they will focus on the quality of services provided and on generating novel approaches to value-based medicine and care management. Gradually, most hospitals are recognizing that traditional approaches to patient care, quality assurance, and cost management are too inefficient to keep pace with the emerging challenges. Therefore, population health management programs and data analytics initiatives will be among the top investment priorities for hospitals in logistics management, health information exchange (HIE), and predictive analysis of diseases.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263411936

Governments, health insurance companies, and healthcare providers are seeking new opportunities to reduce costs as the current healthcare model is unsustainable. Additionally, the growing volume and availability of healthcare data, coupled with the increasing need to deliver quality care to patients, will require healthcare organizations to increasingly rely on these new methodologies. This will also serve as a strategic initiative for healthcare organizations to differentiate themselves from their competitors and take advantage of the growth opportunities, which in turn will further boost the population health management market over the coming years.

Huge infrastructure investments required for robust population health management program

Population health management is a capital-intensive market. Presently, the majority of healthcare providers across the globe have inadequate infrastructure, which includes technology, staff, data, and other resources, to manage complex healthcare cases. In order to manage an entire population, providers need to heavily invest in the development of IT infrastructure, including expanding storage and processing capabilities; and developing web-based and mobile tools such as Android and iOS apps to ensure patient participation and health information exchange.

The investments required to develop such infrastructure poses a serious challenge for the already financially strained healthcare providers. Additional investments will also be required to maintain the infrastructure not only at the site of care, but also remotely, as healthcare services are expected to be delivered at the patients’ homes in order to increase efficiency and cut costs. Additionally, the financial benefits of population health management are not realized immediately, thus making stakeholders reluctant to make huge investments. This serves as a challenge for the population health management market.

Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=263411936

Browse Related Reports:

Healthcare Quality Management Market by Software (Business Analytics, Physician Quality Reporting) Delivery Mode (Cloud, On-Premise) Application (Data Management, Risk Management) End User (Hospital, Ambulatory Center, Payer) – Global Forecast to 2022

Patient Engagement Solutions Market by Component (Hardware, Software, Services), Delivery mode (On-Premise, Cloud), End User (Provider, Payer), Applications (Home Health, Financial Health), Therapeutic Area – Global Forecast to 2022

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/population-health-management-market-263411936.html

Categories