Patient Engagement Technology - Key Insights, Top Trends, Overview and Company Profiles

Pricing of patient engagement technology depends on number of parameters that determine the cost of patient engagement technologies. These factors are categorized into “Up-front Cost” and “On-going Costs”. The report provides a generalized trend of pricing of patient engagement technologies.

Patient engagement technology is increasingly being adopted by healthcare providers, payers, and patients across the globe, particularly in the U.S. This report provides qualitative assessment of the patient engagement technologies in terms of pricing, vendor replacement trends, and selection criteria of adopting patient engagement technologies from provider perspective.

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The selection of a patient engagement technology must be made based on the organization’s strategic plan and objectives for implementation. Goals and desired outcomes of patient engagement technologies will vary among organizations, from meeting the Meaningful Use incentive to increasing patient engagement.

The technology also provides positive returns on investment. Furthermore, legislative reforms of the Affordable Care Act (ACA) in the U.S., government incentives, and rising aging population has stimulated the adoption of patient engagement technologies in the healthcare industry. The report enlightens the vendors offering patient engagement technologies about the critical factors that providers perceive as most important and which factors are relatively less important from them.

Extensive research on the patient engagement technology market has brought to light that when patients are engaged in their health care, it leads to measurable improvements in hospital safety and quality of care. Active patient engagement is a pre-requisite to better healthcare delivery. Considering the on-going and rapid change occurring in the health care industry, hospitals are focusing on various ways to engage their patients so as to improve the care delivery process while reducing cost.

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Aligned with this trend, healthcare providers, payers and patients are increasingly adopting patient engagement technology that provides benefits to them as well as their patients and customers. However, in spite of numerous benefits of patient engagement technologies certain barriers such as huge investments, lack of health literacy in a large portion of the population, fragmented end-user market, poor access to healthcare and security of patient data are hindering growth of this market.

Benefits To Clinics And Hospitals (Providers)/Payers
• Increased patient satisfaction and experience
• Improved clinical outcomes and quality of care
• More timely appointments and reduced rate of no-shows
• Meet Meaningful Use (MU) criteria
• Reduction in hospital readmission rates
• Increased patient outreach
• Reduce overall cost

Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market. Insights cited in the report will help these firms to stay competitive in the market and garner a greater market share. It will enlighten the stakeholders about the benefits of embracing patient engagement technology.

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The study analyzes the total economic impact (TEI) of patient engagement technology on organizations and highlights the enabling value of a technology in increasing the effectiveness of overall business processes.

Benefits To Patients
• Easy access to health information– Patients can access medical information anytime, anywhere through patient engagement technology or platform
• Easy communication between patent and provider – e-visits and secure messaging help patients communicate with providers using their mobile devices.
• Monitor treatment progress effortlessly – Patients can view and share their medical records and receive test results on their mobile devices
• Increased adherence to prescribed medical treatments - Alerts and reminders help patient stick to their schedules and take medications regularly

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This release was published on openPR.