The procedure of classifying groups of individuals is population health management (PHM), which focuses to sustain and improve the health outcomes for such groups. Population Health Management solutions aim the population-level data-driven healthcare and enable the patient segmentation based on common medical situations and attributes. PHM enables collection of data, risk stratification, synchronization of treatment, and communication with patients. PHM is a patient-friendly network that encourages the control of care costs by healthier cost-effective alternatives. The podium also enables payers and vendors to control perils connected to reimbursement policies. The healthcare system has progressively been patient-centric during the recent years. The usage of Population Health Management has led to an augment in the quality of life and a deduction in entire spending. In addition to categorizing target high-risk populations, disease management systems appraise demographic characteristics and usage of healthcare.
According to the report analysis, ‘Global Population Health Management Market: Market Segments: By Component (Software and Service); By Delivery Mode (Web Based, On-Premise, and Cloud Based); By End User (Health Provider, Healthcare Payers, Employer Group and Government Bodies);and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030’ states that market growth can be accredited to Government commands and funding for the healthcare IT solutions, augmented the usage of big data analytics and the requirement to decrease the growing cost of healthcare can be accredited to market growth. In addition, emerging regions with an increasing emphasis on personalized medicine and a growing aim on value-based medicine, are projected to deliver the market players with lucrative growth opportunities over the review period.
Although, the effective growth in
the geriatric populace confirms the improvement of the requirement for the
population health management. Since they are susceptible to illness owing to
low levels of immunity and preeminent recovery time, the elderly populace needs
widespread treatment. The elderly is more susceptible to chronic syndromes such
as cancer and cardiovascular diseases, thereby growing the requirement for
better diagnosis, prevention and care. As they have unfortunate immunity and
are more vulnerable to drug reactions, the older populace often has an
augmented requirement for personalized medication. Augmented requirement for
PHM is therefore generated by the increasing geriatric population.
Not only has this, the
manufacturers are investing in research and development to produce the new
products to support healthcare organizations as healthcare costs are
increasing. For example, the unveiling of its Population Health Foundations
solution was publicized by Health Catalyst, Inc. during June 2019. From a
paper-based system to a digitized system, the medical industry is progressively
evolving, quickening the requirement for healthcare IT services. Moreover, a
move from Fee-For-Service (FFS) to Value-Based Payment (VBP) models has
occasioned in augmented demand for strategies promising value-based care
delivery by healthcare stakeholders. It is also projected that increasing
requirement for the successful disease management strategies would enhancement
the market growth. Therefore, in the near years, it is anticipated that the
market of populace health management will increase around the globe more
effectively over the forthcoming duration.
For More Information, Click on the Link Below:-
Global
Population Health Management Market
Related Reports:-
Global
Population Health Management Market Research (2015-2019) and Future Forecast
(2020-2025)
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing &
Communications
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