Population Health Management (PHM) Market Size, Key Factors, Major Players, Growth Strategies, 2030
According
to the current analysis of Reports and Data, the global Population Health Management (PHM) Market was valued at USD 24.82 Billion in 2021 and is
expected to reach USD 74.61 Billion by year 2030, at a CAGR of 13.0%. Growing
acceptance of IT healthcare solutions for population health, an increase in the
incidence of chronic diseases such as diabetes, obesity, hypertension,
cardiovascular diseases, and others and benefits of PHM tools such as remote
health management, data integration, and data storage are driving the
population health management market.
The
population health management software combines clinical, financial, and
operational data from throughout the organization and offers providers
actionable analytics to assist them to improve efficiency and patient care. On
29 April 2019, Hendrick Health System, a not-for-profit healthcare provider in
Abilene, Texas, expanded its relationship with Allscripts to create one single
integrated clinical and financial patient record, which includes the Sunrise
suite of solutions, including Sunrise Financial Manager, Sunrise Ambulatory
Care, Sunrise Abstracting, Sunrise Health Information Manager, Knowledge-Based
Charting, consumer/patient engagement platform FollowMyHealth, Allscripts
Identity Manager, and Allscripts Patient Flow with Census Logic. The combined
technology and single platform will help deliver health system physicians’
patient information across the ambulatory care continuum.
Inquire
For Sample Report @
https://www.reportsanddata.com/sample-enquiry-form/1523
Further
key findings from the report suggest:
- The medical industry
is rapidly transforming from a paper-based system into a digitized system,
which is accelerating the demand for healthcare IT services. In addition,
increasing demand for solutions supporting value-based care delivery by
stakeholders has resulted in a shift from Fee-for-Service (FFS) to a
Value-based Payment (VBP) models
- In August
2020, Allscripts, a global leader in healthcare technology, announced that
it has achieved full accreditation with the Healthcare Network
Accreditation Program (HNAP) for Allscripts PayerpathTM and also ePAP
accreditation for ePrescribe from the Electronic Healthcare Network
Accreditation Commission (EHNAC). EHNAC’s HNAP accreditation recognizes
excellence in health data processing and transactions, and ensures
compliance with industry-established standards and HIPAA regulations
- In January
2017, Conifer Health Solutions announced that Alameda Health System (AHS)
has engaged the company to provide Value-Based Care services to support
HealthPAC, a comprehensive health access program for eligible enrolees of
Alameda County, California. Conifer Health will provide population health
management and nurse consulting services to help the four-hospital system
better serve a population of 33,000 HealthPAC members
- Population
Health Management (PHM) market is fastest growing at a CAGR of 6% in Asia
Pacific due to growing prevalence of chronic disorders, rising expenses,
rocketing healthcare infrastructure and little initiatives by government
to make it more digitalised
- Services
segment holds the largest share valued at USD 16390.3 million in 2020
because hospitals and other care providers prefer an in-house system
instead of involving third parties to assess their patient data
- Payers
segment is growing at a robust CAGR of 26.3% in 2020 and is expected to
continue the same during the forecasted period. Payers are third-party
entities, for instance insurance carriers, who finance or reimburse the
cost of health services and increasing demand for PHM software for payers
is expected to propel the growth of this segment
- Europe is the
second largest region with a share of 25.2% due to the high acceptance
rate of Population Health Management platforms in countries such as
Germany, U.K. due to high awareness among the people about the advantages
of PHM, immense public-private investments toward chronic disease
management, developed health care infrastructure, and high incidence of
the diseases
- Web-Based
segment held the largest share of the market in terms of revenue i.e., USD
10653.7 million in 2020, followed by Cloud-Based segment i.e., USD 6392.2
million attributed to the minimal software and hardware requirements for
using web-based PHM solutions and increasing adoption of web-based
services by healthcare providers
- North America
regional segment dominated this market with a share of 50% owing to
immense strategic initiatives, mergers and acquisitions, funding by the
government to focus on improving national health by tracking accurately
the health of population
Key Players:
Anecova, Allscripts Healthcare,
LLC, Cerner Corporation, Conifer Health Solutions, LLC., Health Catalyst, i2i
Systems, IBM, Koninklijke Philips N.V., McKesson Corporation, and Optum, Inc.
Request
Customized Report @ https://www.reportsanddata.com/request-customization-form/1523
Market
Segmentation:
For
the purpose of the study, this Reports and Data has segmented the Global
Population Health Management (PHM) Market on the basis of product type, delivery
mode, application, end user and the regional outlook:
Regional
Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East
& Africa
Product
Type Outlook (Revenue, USD Billion; 2019-2030)
- Software
- Services
- Post-Sale
and Maintenance Services
- Consulting
Services
- Training and
Education Services
- Implementation
Services
Delivery
Mode Outlook (Revenue, USD Billion; 2019-2030)
- Web-Based
- Cloud-Based
- On-Premises
Application Outlook (Revenue, USD Billion; 2019-2030)
- Patient-Centered
Medical Home (PCMH)
- Comprehensive
Longitudinal Patient Record
- Effectively
Coordinate Care
- Patient
Outreach
- Others
End-Use
Outlook (Revenue, USD Billion; 2019-2030)
- Providers
- Payers
- Employers
Groups
Download
Report Summary @ https://www.reportsanddata.com/download-summary-form/1523
Key Points Addressed in
the Report:
·
A
detailed analysis of the global Population Health Management (PHM) market
through assessment of key market aspects such as technology, product type,
application, end-use, and overall industry dynamics.
·
Qualitative
and quantitative analysis of the market estimation and CAGR calculation for the
forecast period.
·
All-inclusive
assessment of market dynamics with emphasis on drivers, restraints,
opportunities, and limitations.
·
Extensive
profiling of key companies operating in the market including company overview,
financial standing, product offerings, product portfolio, recent product and
technological advancement, and business expansion plans.
Thank you for reading this article. You can also get
chapter-wise sections or region-wise report coverage for North America, Europe,
Asia Pacific, Latin America, and Middle East & Africa.
Browse More Reports:
Veterinary
Software Market @ https://www.globenewswire.com/news-release/2020/08/25/2083538/0/en/Veterinary-Software-Market-To-Reach-USD-771-6-Million-By-2027-Reports-and-Data.html
Infusion Pump
Market @ https://www.globenewswire.com/news-release/2020/06/02/2042459/0/en/Infusion-Pump-Market-To-Reach-USD-20-21-Billion-By-2027-Reports-and-Data.html
About Reports and
Data:
Reports and Data is a market research and consulting
company that provides syndicated research reports, customized research reports,
and consulting services. Our solutions purely focus on your purpose to locate,
target and analyze consumer behavior shifts across demographics, across
industries and help client’s make a smarter business decision. We offer market
intelligence studies ensuring relevant and fact-based research across a multiple
industries including Healthcare, Technology, Chemicals, Power and Energy. We
consistently update our research offerings to ensure our clients are aware
about the latest trends existent in the market. Reports and Data has a strong
base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business
Development
Reports And Data |
Web: https://www.reportsanddata.com/
Direct Line:
+1-212-710-1370
E-mail: sales@reportsanddata.com
Comments
Post a Comment