Population Health Management Market to Grow Rapidly - Cerner Corporation, McKesson Corporation, Wellcentive Inc., Conifer Health Solutions LLC., IBM Corporation, Optum, Inc

As per P&S Intelligence, the population health management (PHM) market is projected to display a CAGR of 23.3% in the coming years and ultimately value $48.1 billion. In simple terms, population health management involves the collection of patient information through multiple channels to identify shortcomings, gauge risks, engage patients, provide the necessary care, and monitor the ensuing outcomes. It allows healthcare providers to clinically study individuals within a particular group via data gathered through business analysis tools. This offers real-time disease trends and helps in identifying affected groups, thereby resulting in a quicker provision of the necessary care at reduced costs.

Download report sample at: https://www.psmarketresearch.com/market-analysis/population-health-management-market/report-sample

Healthcare providers and payers, and government bodies and employer groups are the major end-users of PHM. Amon these, healthcare providers currently utilize it the most as they are the ones actually dispensing patient care. Using the technology, they categorize patients into various sub-groups, such a those who require follow-ups or those who need to be reminded about preventive or therapeutic care. Such a grouping helps in the speedy provision of healthcare services in a cost-effective manner. This is why healthcare providers will still be the largest users of population health management in the coming years. However, the fastest growth is expected to be witnessed by employer groups. Tracking the health of employees has become utmost important to ensure that an organization's productivity is not hampered much by absentees and leaves. This is why many companies have started offering health insurance and other such schemes at discounted rates.

Now, the increasing efforts of governments across the world cannot be ignored when talking of the rising popularity of PHM. For instance, the U.S. government recently passed the Patient Protection and Affordable Care Act, which aims to extend insurance coverage and offer it at a subsidized rate to the poorer sections of society. Further, it also includes improving patient care by establishing research and innovation institutes, incentivizing healthcare providers to make them more proactive toward population health management, and providing healthcare education. This is why North America is the largest population health management market and will continue being so in the near future. Further, the fastest growth in the coming years is also expected from this region. Apart from government initiatives, the increasing prevalence of chronic diseases is also to credit for the market growth in North America. As per the Centers for Disease Control and Prevention, almost 60.0% of the total population in the U.S. suffers from a chronic disease.

Pre-Purchase Inquiry at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=population-health-management-market

Global Population Health Management Market Segmentation
By Delivery Mode
o Web based
o Cloud based
o On-premise
By Component
o Software
o Service
By End User
o Healthcare provider
o Healthcare payer
o Employer group
o Government bodies

Browse full report at: http://bit.ly/2Rt91n6

Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://psintelligence.blogspot.com/

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.