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). The global population health management market is segmented on the basis of component, delivery mode, end-user, and region.
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Population health management is a process of aggregating patient data, analyzing data, and taking measures to improve quality of care and curtailing healthcare costs. Population health management solutions are used by healthcare providers and management of healthcare delivery system to improve efficacy of hospitals clinically and financially.
2 Competitive Situation and Trends
4 Competitive Situation and Trends
5 Agreements, Collaborations, Partnerships, Joint Ventures, and Strategic Alliances
6 Product Launches
8 Marketing and Promotional Activities
Population health management market is driven by the regulatory mandates laid by the Affordable Care Act (ACA).
The act aims to lower the number of uninsured people in the U.S. to reduce the cost of healthcare for the government as well as individuals.
The act has made it mandatory for tax-exempted hospitals to assess community health needs every three years and adopt implementation strategies to address these needs.
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Population health management market in Asia-Pacific region expected to grow at highest CAGR during forecast period. This can be attributed to implementation of a number of PHM programs to improve population health in Australia, growing medical tourism in Asia, rapidly growing healthcare industry in India, efforts taken to digitalize healthcare system in China, investments & reforms to modernize China’s healthcare infrastructure, & new outline by Japan’s information & communication technology fund.
Stakeholders of the Population Health Management Market
- Healthcare IT Service Providers
- Healthcare Insurance Companies/Payers
- Healthcare Institutions/Providers (Hospitals, Medical Groups, Physician Practices, Diagnostic Centers, and Outpatient Clinics)
- Venture Capitalists
- Government Bodies
- Corporate Entities
- Market Research and Consulting Firms
- Accountable Care Organizations
- Community Centers
Key players in Population Health Management Market are 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.), & Verscend Technologies, Inc.
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In population health management market the high growth of employer groups segment can be attributed to various clinical and financial benefits offered by population health management solutions to the employers. Due to this, healthcare providers are more likely to adopt HCIT solutions such as PHM tools to get rewards and financial incentives.
1 Population Health Management: Market Overview
2 Geographic Analysis: Market, By End User (2016)
3 Geographic Snapshot of the Market
4 Population Health Management Market, By Mode of Delivery
Government initiatives such as the Pay-for-Performance (P4P) Incentive program propel the growth of HCIT market in the U.S. By aligning financial rewards with improved outcomes for healthcare providers, this program helps overcome the limitations of the current reimbursement system.
Healthcare providers segment accounted for the largest share of the population health management in 2015.
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