Market Research Report
Population Health Management Market Size, Share & Trends Analysis Report By Product (Software, Services), By End Use (Payers, Providers, Employer Groups), By Region, And Segment Forecasts, 2020 - 2027
|Published by||Grand View Research, Inc.||Product code||408899|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|Population Health Management Market Size, Share & Trends Analysis Report By Product (Software, Services), By End Use (Payers, Providers, Employer Groups), By Region, And Segment Forecasts, 2020 - 2027|
|Published: February 7, 2020||Content info: 120 Pages||
The global population health management market is expected to reach USD 150.6 billion by 2027, registering a CAGR of 21.1% over the forecast period, according to a new report by Grand View Research, Inc. The need for population health services that combine multiple functionalities is increasing due to the complex nature of care delivery and payment models. Population health management (PHM) solutions can process clinical, financial, and operational data that help improve efficiency and patient care. The health management program is also witnessing changes in medical reimbursement due to increasing emphasis on value-based payment (VBP) and Accountable Care Organizations (ACOs). In addition, the convenience offered by value-based payment models is responsible for the increased adoption of population health solutions by ACOs.
ACOs, consisting of hospitals, clinics, and other healthcare providers, collaborate with the payers (private and public) to provide high quality care to the patients. Private and public insurance providers have introduced various disease management programs that help in the treatment of chronic illnesses. These multidisciplinary efforts are expected to result in efficient treatment outcomes and are likely to suggest the best suitable courses of action that need to be undertaken. Successful large-scale trials in U.S. have enabled significant advancements in disease management programs.