U.S. Population Health Management (PHM) Solutions Market Set to Hit US$ 34.59 Billion by 2028 | Fact.MR

The global market for population health management (PHM) solutions in the United States is expected to expand at a compound annual growth rate (CAGR) of 14.8% between 2021 and 2028, according to a recently released Fact.MR analysis. By the end of 2028, the market is projected to reach US$ 34.59 billion. Over the projected period, there is anticipated to be an increase in demand for U.S. Population Health Management (PHM) Solutions; in 2020, the market was estimated to be worth US$ 11.2 billion.

The incidence of chronic illnesses has skyrocketed in the United States, and as the country's patient pool grows, so does the need for population health management (PHM) systems. Through the combination of cutting-edge technologies and software, these PHM systems facilitate patient engagement and management.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7263

PHM systems are becoming more and more popular since they are effective at lowering healthcare expenses and raising the general caliber of healthcare services offered. Other variables influencing market potential throughout the projected period are expected to be an aging population, the Affordable Care Act (ACA), growing government backing, and the rapid advancement of technology.

𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔.𝐒. 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐇𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 (𝐏𝐇𝐌) 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Caradigm
Conifer Health Solutions
Health Catalyst
Healthagen LLC
International Business Machines (IBM) Corporation
Lumeris
NextGen Healthcare Information Systems LLC
Optum Health Inc.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐔.𝐒. 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐇𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 (𝐏𝐇𝐌) 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲

In 2020, the U.S. population health management solutions market stood at a net worth of US$ 11.2 Bn.
Demand for population health management solutions in the U.S. is projected to rise at a phenomenal CAGR of 14.8% from 2021 to 2028.
The PHM solutions market in the U.S. is anticipated to reach US$ 34.59 Bn by the end of 2028.
Increasing geriatric population, rising focus on reducing healthcare costs, increasing focus on patient engagement, prevalence of chronic diseases, and supportive government initiatives are factors that drive demand for PHM programs in the U.S.
Web-based population health management solutions are anticipated to lead market growth in the U.S. over the forecast period.
The services segment is anticipated to account for more than 50% market share by the end of 2028.

What is Propelling Demand for PHM Programs in the U.S.?

"Implementation of Affordable Care Act (ACA) to Favor Growth of Value-based Care"

The Affordable Care Act (ACA), which went into effect in March 2010, aims to lower the per capita cost of healthcare. It also significantly alters the healthcare system, which lessens the load on both patients and healthcare providers.

Because of the Affordable Care Act, patients are no longer required to pay for needless readmissions, and hospitals are now held financially liable for any readmissions that occur within 30 days of a patient's discharge.

Institutions are expected to implement PHM programs and lower patient expenses overall in order to monitor all of this vital data and deliver better healthcare. As the ACA encourages emphasis on value-based medical services, it is anticipated that the fee-for-service tendency will be excluded.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Leading U.S. providers of population health management solutions are concentrating on integrating cutting edge technologies to improve their services and increase income. Important firms are also concentrating on joint ventures, acquisitions, and mergers to expand their market share in the US industry scene.

In April 2022, Clearstep Health and Medecision, a prominent name in digital care management, announced the start of a strategic relationship aimed at advancing improved patient involvement for both new and current health plans and systems.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7263

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐔.𝐒. 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐇𝐞𝐚𝐥𝐭𝐡 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 (𝐏𝐇𝐌) 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐮𝐫𝐯𝐞𝐲

By Source:
Population Health Management Software
Population Health Management Services

By Mode of Operation:
Premise-based PHM Solutions
Cloud-based PHM Solutions
Web-based PHM Solutions

By End User:
Government Insurance Providers
Healthcare Providers
Private Insurance Providers
Pharmaceutical Companies
Medical Device Organizations
Others (Employers, Diagnostic & Imaging Centers, and Research Institutions)

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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This release was published on openPR.