Population Health Management Solutions Market Will Escalate Rapidly in the Near Future

U.S. Population Health Management Solutions Market: Overview

• Population health management is the collection of patient data across multiple health information technology resources, analysis of that data into a single, actionable patient record, and actions through which care providers can improve both clinical and financial outcomes
• Components such as software and services are used in population health management
• Assistance in formulation of data integration and ease in analyzing patient data are few advantages of software
• Services offered by population health management (PHM) vendors include guidance in data analysis and training. They are also required to maintain and check performance of the software.

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Affordable Care Act (ACA) to Drive PHM Implementation in U.S.

• The Affordable Care Act (ACA) continues to drive changes in healthcare providers' strategies for treating and managing chronic conditions such as diabetes, obesity, and heart failure
• Implementation of the ACA is likely to play a major role in the growth and expansion of PHM solutions in the next few years. The ACA eliminates payments for unnecessary readmissions, making hospitals financially accountable for patients up to 30 days after they leave the hospital. This would prompt hospitals and care providers to install PHM based platforms as a measure to reduce cost burden on patients and enhance quality of service.

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Increase in Incidence of Diabetes, Cardiovascular Diseases, and Other Chronic Diseases

• Prevalence of chronic diseases including heart disease, stroke, cancer, diabetes and chronic lung disease has increased significantly. For instance, around 15% of adults in the U.S. have at least two chronic conditions.
• The geriatric population has to face numerous challenges - across social, financial, economic, and political dimensions. Managing health care quality and costs for this demographic is one of the key focus areas of the U.S. Government. Prevalence of multiple chronic conditions and functional impairment within the geriatric population is increasing. There is an unmet need for a level of coordination that improves outcomes and lowers the total cost of care.
• Utilization of population health management services using home monitoring and tracking applications could help reduce the need of hospitalization. Use of new Internet video/audio features could enable consumers and patients to increase access to physicians and nursing staff without the need to visit a hospital. This would be a vital driving factor, especially with respect to aged or geriatric population groups.

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Web-based segment to Lead U.S. Population Health Management Solutions Market

• In terms of mode of operation, the U.S. population health management solutions market has been classified into web-based, cloud-based, and on-premise
• The web-based segment is expected to dominate the global market during the forecast period
• Web-based population health management enables simultaneous tracking and measurement of progress of providers and patients for multiple centers. This is a key factor that is estimated to drive the segment during the forecast period.

Major Players

• Key players operating in the U.S. population health management solutions market include Caradigm, Conifer Health Solutions, Health Catalyst, Healthagen, LLC, International Business Machines (IBM) Corporation, Lumeris, NextGen Healthcare Information Systems, LLC, Optum Health, Inc., Persivia, Premier, Inc., Verisk Health, Wellcentive, Inc., and ZeOmega, Inc.
• Each of these players has been profiled in the U.S. population health management solutions market report based on parameters such as company overview, financial overview, business strategies, application portfolio, business segments, and recent developments

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