Population Health Management Systems Market Scope
Population health management system is the combination of patient’s data from multiple health information resources. Then this data is converted into the actionable records by which the care providers can improve the outcomes of clinical and financial. Population health management system helps to improve the outcome by monitoring the individual patient and identifying them. Usually, they use a business intelligence tool to provide a clinical outcome of a patient. However, for delivering on vision of population health management system, it requires a risk stratification infrastructure, delivery system, and well managed partnership system.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | IBM Corporation (United States), Allscripts Healthcare Solutions (United States), Cerner Corporation (United States), Epic Systems Corporation (United States), Koninklijke Philips (Netherlands), i2i Population Health (United States), Health Catalyst (United States), Optum (United States), Enli Health Intelligence (United States) and eClinicalWorks (United States) |
CAGR | % |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Population Health Management Systems market throughout the predicted period.
IBM Corporation (United States), Allscripts Healthcare Solutions (United States), Cerner Corporation (United States), Epic Systems Corporation (United States), Koninklijke Philips (Netherlands), i2i Population Health (United States), Health Catalyst (United States), Optum (United States), Enli Health Intelligence (United States) and eClinicalWorks (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Orion Health (New Zealand), HealthEC, LLC (United States), Medecision (United States), Arcadia (United States), athenahealth (United States), Cotiviti (United States), NextGen Healthcare, Inc. (United States) and Conifer Health Solutions (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Population Health Management Systems market by Type , by Application (Automating Patient-Centered Medical Home (PCMH), Access Comprehensive Longitudinal Patient Record, Effectively Coordinate Care, Patient Outreach and Others) and Region with country level break-up.
On the basis of geography, the market of Population Health Management Systems 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In December 2017, Philips has acquired Vital Health which complement Philips’ population health management portfolio with advanced analytics, care coordination, patient engagement, and outcome management solutions.
In January 2020, Allscripts has partnered with MyndYou Inc. to enable Allscripts EHR providers to promote population health through MyndYou’s care portal, app platform, and virtual care manager. This identifies and monitors high-risk triage patients. and In October 2019, Cerner has collaborated with i2i Population Health (US) to combine Cerner’s comprehensive population health management tools with i2i’s EHR-agnostic capabilities. This supports users to drive positive, sustainable outcomes for community health centers, primary care associations, and rural health systems.
Influencing Trend:
Increasing Usage of Technology such as Big Data Analytics in Health Care
Market Growth Drivers:
Government Support and Mandates for Healthcare Solutions and Increasing Requirement of Reduction of Healthcare Costs
Challenges:
Interoperability Issues are hampering the Market
Restraints:
Risks Related to Data Breach and Lack of Skilled Analysts
Opportunities:
Large scale outbreak of COVID 19 infectious disease is fueling the market of population health management system. Due to the large number of cases, the health care sector is using the technology for research. They are moving from telemedicine and remote patient monitoring to AI and advanced analytics which is transforming the approaches with patient engagement and population health.
Key Target Audience
Population health management system provider, Government associations, Research organizations, software vendors, Service providers and Others