San Francisco,4 October 2018: The U.S. population health management market size is expected to reach USD 41.44 billion by 2025, according to a new report by Grand View Research Inc., exhibiting a CAGR of 19.9% during the forecast period. Increasing healthcare expenditure and rising need for value-based healthcare delivery and effective disease management across different care settings are among the primary growth stimulants for the market.
Significant portion of healthcare costs is incurred by loss of productivity due to poor resource management in the U.S. Hence, employers have initiated incorporation of PHM in employee benefits package to help employees understand their healthcare needs. U.S. population health management market is likely to witness high growth in the coming years due to growing demand for healthcare IT services and solutions that encourage healthcare delivery reliant on value, resulting in a transition value-based payment models.
PHM model has helped various healthcare stakeholders including hospitals to measure patient data accurately and efficiently especially when a large volume of data is generated by monitoring devices. For instance, Children’s Hospital of Philadelphia (CHOP) is developing a platform for stream computing, which enables clinicians with better decision support by applying real-time predictive models to vital signs.
Access Research Report of U.S. Population Health Management Market @ www.grandviewresearch.com/industry-analysis/us-population-health-management-market
Further key findings from the report suggest:
- The services segment dominated the market in terms of revenue in 2017. On the other hand, the software segment is likely to experience the fastest growth during the forecast period
- Healthcare providers commanded the leading share in the market in 2017 as PHM provides flexibility to providers to manage complex clinical data and assist in generating real-time insights. Hence, multiple functionalities and advantages offered by PHM is responsible for increasing adoption by care providers
- On the other hand, employer groups are estimated to witness the fastest growth in the coming years. Employer groups as end users are evolving into a significant market for PHM as they require consumer-focused health plans to ensure well-being of employees
- Some of the companies operating in the market are Cerner; Allscripts Healthcare, LLC; Enli Health Intelligence; eClinicalWorks; McKesson Corporation; Conifer Health Solutions, LLC; Optum, Inc.; Advisory Board; Koninklijke Philips N.V.; and Athenahealth, Inc.
Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented the U.S. population health management market based on product and end use:
U.S. Population Health Management Product Outlook (Revenue, USD Million, 2014 – 2025)
- Software
- Services
U.S. Population Health Management End-Use Outlook (Revenue, USD Million, 2014 – 2025)
- Provider
- Payers
- Employer Groups
Access Press Release of U.S. Population Health Management Market@ www.grandviewresearch.com/press-release/us-population-health-management-market-analysis
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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