About Clinical Risk Grouping Solutions
Clinical Risk Grouping Solutions are systems used to manage risk-adjusted capitation-based payment and health care management. It is used by healthcare service providers to perform daily living activities. These solutions assign each individual to a single mutually exclusive risk group which relates the historical clinical and demographic characteristics to predict future use of healthcare resources. The demand for dashboard and data visualization tools in hospitals and clinics is anticipated to boost the market growth rate in upcoming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 13.14% |
A vast client base of the healthcare industry makes it possible for providers of clinical risk grouping solutions to cater to a large market and earn profits. The introduction and adoption of new technologies is attracting more customers. The key players are focusing on new product launches, partnership, acquisition, and geographical expansion strategies Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Clinical Risk Grouping Solutions market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M Corporation (United States), Optum Inc. (United States), Cerner Corporation (United States), Conduent Inc. (United States), Nuance Communications (United States), Health Catalyst (United States), HBI Solutions (United States), Johns Hopkins University (United States), Lightbeam Health Solutions (United States), Dynamic Healthcare Systems (United States), 4S Information Systems (United States), Evolent Health (United States) and Pera Health (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Clinical Risk Grouping Solutions market by Type (Scorecard and Visualization Tools, Dashboard Analysis and Risk Report) and Region.
On the basis of geography, the market of Clinical Risk Grouping Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users , the sub-segment i.e. Hospitals will boost the Clinical Risk Grouping Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. Private Cloud will boost the Clinical Risk Grouping Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emergence Of Big Data Solutions
Market Growth Drivers:
Increasing Adoption of Risk Reporting Solutions By Healthcare Providers and Growing Investments In R&D Of New Therapeutics
Challenges:
Scarcity of Skilled Healthcare IT Professionals
Restraints:
Lack of Infrastructure and High Cost Related to Clinical Solutions
Opportunities:
Increasing Physician Burnout Due to Documentation Needs and Adoption of Artificial Intelligence (AI) and Machine Learning
Market Leaders and their expansionary development strategies
In June 2019, Optum, Inc. acquired the DaVita Medical Group, an independent medical groups. This acquisition enables Optum to provide improved care quality and patient experiences and lower costs for 16 million people, especially for kidney care space.
In April 2022, Tata Consultancy Services has launched an agile and intuitive risk-based monitoring solution for clinical trials, that enables intelligent decision making, increased compliance and improves study efficacy.the new risk-based monitoring solution enables biopharmaceutical and Contract Research Organizations (CROs) to identify study and site risks through advanced statistical algorithms and drive intelligent data driven decisions.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Clinical Risk Grouping Solutions Providers, Cloud Service Providers, Government Regulatory, Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.