DUBLIN--(BUSINESS WIRE)--The "U.S. Population Health Management Market Size, Share & Trends Analysis Report by Product (Software, Services), by End Use (Providers, Payers, Employers Group), and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The U.S. population health management market size is expected to reach USD 76.6 billion in 2028, registering a CAGR of 20.8%
Increase in healthcare expenditure, need for value-based healthcare delivery, and effective disease management across different care settings are among the key factors expected to drive the market during the forecast period.
In the U.S., poor healthcare management results in the loss of productivity and a significant portion of healthcare costs. Adoption of PHM software by employers helps in the management of their healthcare budget as they can keep a track of the employees' health status. The market is likely to witness rapid growth in the coming years due to the growing demand for healthcare IT services and solutions that encourage healthcare delivery reliant on value, resulting in a transition from Fee-For-Service to a value-based payment model.
Population health management is built on a Fee For Service (FFS) reimbursement method, wherein physicians and other healthcare providers are reimbursed by government agencies and insurance companies on basis of the number of services offered to patients. The new payment model allows reimbursement based on the quality of care delivered and provides comprehensive tools to handle financial and clinical risk for value-based care delivery.
The COVID-19 pandemic has changed the outlook of healthcare in the U.S. with the advanced use of web-based technology in healthcare. Healthcare providers are increasingly investing in PHM software to offer better outcomes. PHM can also be used for tracking the vital signs of patients discharged from hospitals, which can then be analyzed to offer meaningful insights into a patient's health. The lockdown has disrupted the existing system and PHM systems are the current need to manage the patient population.
U.S. Population Health Management Market Report Highlights
- An increase in healthcare expenditure, the need for value-based healthcare delivery, and effective disease management across different care settings is expected to drive the market
- The services segment dominated the global market in 2020, while the software segment is likely to register the fastest CAGR over the forecast period
- The market is now shifting to a value-based payment model. The value-based contracts are expected to grow substantially in the coming years
- For example, the Centers for Medicare & Medicaid Services (CMS) has a goal of 50% of Medicare payments being attached to alternative payment models
- Healthcare payers, such as private payers, government, and employers, are expected to reduce healthcare spending and focus on improved payment models due to the impact of the COVID-19 pandemic
- Healthcare providers held a majority of the market share in 2020 as PHM gives providers the flexibility to manage complex clinical data and assist in generating real-time insights
- These functionalities and advantages offered by PHM are responsible for its increased adoption by healthcare providers
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
Chapter 3. Market Variables, Trends & Scope
3.1 Market Segmentation
3.2 Market Dynamics
3.2.1 Market Driver Analysis
3.2.1.1 Growing demand for value-based healthcare delivery
3.2.1.2 Rising healthcare expenditure
3.2.1.3 Need for effective disease management across different care settings
3.2.1.4 Rapidly aging population in the U.S.
3.2.2 Market Restraint Analysis
3.2.2.1 Lack of proper regulatory framework for PHM
3.3 U.S. Population Health Management (PHM) Market: Business Environment Analysis Tools
3.3.1 Porter's Five Forces Analysis
3.3.2 PESTEL Analysis
3.4 Penetration & Growth Prospect Mapping
3.5 Regulatory Scenario & Reimbursement Framework
3.6 COVID-19 Pandemic Impact: Qualitative Analysis
Chapter 4. U.S. Population Health Management (PHM) Market: Product Analysis
4.1 U.S. Population Health Management (PHM) Product Market Share Analysis, 2020 & 2028
4.2 U.S. Population Health Management (PHM) Product Market: Segment Dashboard
4.3 Market Size & Forecasts and Trend Analyses, 2016 to 2028 for the Product Segment
4.3.1 Software
4.3.2 Services
Chapter 5. U.S. Population Health Management (PHM) Market: End Use Analysis
5.1 U.S. Population Health Management (PHM) End Use Market Share Analysis, 2020 & 2028
5.2 U.S. Population Health Management (PHM) End Use Market: Segment Dashboard
5.3 Market Size & Forecasts and Trend Analyses, 2016 to 2028 for the End Use Segment
5.3.1 Providers
5.3.2 Payers
5.3.3 Employer Groups
Chapter 6. Competitive Analysis
6.1 Strategic Framework/ Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
6.2 Vendor Landscape
6.2.1 Company market position analysis
6.3 List of Few PHM Vendors in the U.S.
6.4 Key Company Profiles
- Allscripts Healthcare, LLC
- Cerner Corporation
- Conifer Health Solutions, LLC
- eClinicalWorks
- Enli Health Intelligence
- McKesson Corporation
- Medecision
- Optum, Inc.
- Advisory Board
- Koninklijke Philips N.V.
- athenahealth, Inc.
- RedBrick Health Corporation
- Welltok
For more information about this report visit https://www.researchandmarkets.com/r/uzst83
