Population Health Management (PHM) Market was worth USD 27.89 Billion in 2022 and is anticipated to reach a value of USD 73.61 Billion by 2030, amplifying at a CAGR of 12.9%.
People are divided into various categories by PHM systems. In the healthcare, pharmaceutical, and insurance industries, these strategies are routinely used. The health management system aids in the maintenance and improvement of various groups’ health. Population health management is a user-friendly platform that helps patients limit treatment costs by presenting cost-effective options. Furthermore, the platform helps service providers and payers manage risk associated with reimbursement rules. The healthcare system has changed dramatically in recent years, becoming more patient-centered.
By lowering readmissions and ensuring that only relevant and optimal therapies are offered to patients, population health management systems enable stakeholders in the healthcare industry to provide patient-centric care and help in reducing the high costs associated with healthcare. These solutions improve workflows by ensuring that care delivery processes run smoothly.
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The term “population health management” (PHM) has a wide range of meanings, ranging from an ideal or concept to a genuine business segment. It refers to the decrease of disease risk and associated financial burden at a population level as a concept. The concept’s implementation necessitates a complex interplay between telehealth technologies, software solutions, and healthcare services. Health systems around the world are moving toward value-based care models, in which each country evaluates what the value drivers for its health system should be. Unfortunately, for Asia-Pacific (APAC), the move from volume to value-based care has been gradual and unpleasant, and it will continue to be so in the foreseeable future. This transformation necessitates not only significant legislative and payment model changes, but also significant financial investment.
Global Population Health Management (PHM) Market- Segmental Analysis
By Major Key Players
Epic Systems Corporation
Koninklijke Philips
i2i Population Health
Health Catalyst
Optum
Enli Health Intelligence
eClinicalWorks
Orion Health
Allscripts Healthcare Solutions
IBM Corporation
HealthEC LLC
Medecision
Arcadia
athenahealth
Cotiviti
NextGen Healthcare, Inc.
Conifer Health Solutions
SPH Analytics
Lightbeam Health Solutions
Innovaccer
Citra Health Solutions
Evolent Health, Inc
Lumeris
Forward Health Group
By Component
- Software
- Services
By Mode of delivery
- Web-based
- On Premise
- Cloud based
By end-users
- Healthcare Providers
- Healthcare Payers
- Government Bodies
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Key Questions Answered in This Report:
- How has this market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on this market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global Population Health Management (PHM) market and who are the key players?
- What is the degree of competition in the industry?
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