FEB 27, 2020: 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.
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.
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.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/population-health-management-phm-market/request-sampleFurther key findings from the report suggest:• PHM software offers predictive data analytics, which can be applied for interpreting population characteristics from unstructured clinical data• The services product segment held a majority of the market share in 2019, as healthcare providers prefer in-house maintenance services• Healthcare providers held the largest market share of the end-use segment in 2019.