The U.S. Population Health Management Market size is expected to reach USD 62.2 billion in 2027, registering a CAGR of 20.5% over the forecast period, according to a new report by Grand View Research, Inc. Increase in healthcare expenditure, need for value-based healthcare delivery, and effective disease management across different care settings are among key factors likely to drive the market during the forecast period.
Population
health management stratifies population groups at risk and identifies high cost
diseases and conditions, ultimately deriving the members that need to
participate in disease management programs. Furthermore, insurance providers
have initiated partnerships with healthcare providers through PHM integration
for cost containment and value delivery. Due to the shift of healthcare
providers and payers from volume to value-based care delivery, tools like PHM
solutions are critical in addressing their needs. PHM solutions are an
important part of Quality Payment Program (QPP), launched by the Centers for
Medicare & Medicaid Services (CMS).
In
U.S., poor healthcare management results in the loss of productivity and a
significant portion of healthcare costs. Adoption of PHM software by employers
helps in the management of their healthcare budget as they can keep a track of
the employees’ health status. The U.S. PHM market is likely to witness rapid
growth in the coming years due to growing demand for healthcare IT services and
solutions that encourage healthcare delivery reliant on value, resulting in a
transition from Fee-For-Service to a value-based payment model.
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U.S. Population Health Management Market Report
Highlights
- In 2010, the
U.S. government introduced the Patient Protection and Affordable Care Act,
which ensures provision of high-quality care, while reducing cost. This
has encouraged the establishment of various Accountable Care Organizations
(ACOs)
- Increase in
healthcare expenditure, need for value-based healthcare delivery, and
effective disease management across different care settings is expected to
propel the U.S. population health management market growth
- The services
segment dominated the overall market in terms of revenue in 2019, while
the software segment is likely to experience the fastest growth over the
forecast period
- Healthcare
providers held a majority of the market in 2019 as population health
management gives providers the flexibility to manage complex clinical data
and assist in generating real-time insights. These functionalities and
advantages offered by PHM are responsible for its increased adoption by
healthcare providers
- Some of the
companies operating in this market are Cerner; Allscripts Healthcare, LLC;
Conifer Health Solutions, LLC; eClinicalWorks; Enli Health Intelligence;
McKesson Corporation, Optum, Inc.; Advisory Board; Koninklijke Philips
N.V.; and athenahealth, Inc.
- In May 2018,
Allscripts acquired HealthGrid Holding Company, enabling Allscripts to
integrate HealthGrid’s capabilities into its FollowMyHealth platform.
About Us:
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.Contact:
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