What is Care Coordination Software Market?
Hospital surgery care units can use Care Coordination software to automate their care coordination and patient communication operations. From the start of their surgical care journey to recovery, the care coordination software assists care providers in keeping correct data and tracking patients. The rise of IT and the development of smart mobile applications has also aided the development of care coordination and management software. The new generation of healthcare professionals is emphasizing quality above quantity, ushering in some exciting improvements in the healthcare industry. In the modern demography of healthcare, the need for care coordination and management systems is critical. These platforms are a capable channel that is mostly used to establish a clear network of communication with key stakeholders involved in overall patient care.
The market study is being classified, by Application (Disease Management, Case Management, Utilization Management and Other) and major geographies with country level break-up.
Koninklijke Philips N.V. (Netherlands), IBM Corporation (United States), WellSky (United States), Health Catalyst Inc. (United States), Harmony Information Systems, Inc. (United States), Salesforce.com, Inc. (United States), i2i Systems, Inc. (United States), Pegasystems Inc. (United States), EXL Service Holdings, Inc. (United States), Casenet, LLC (United States) and GE Healthcare (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are ZeOmega Inc. (United States) and Epic Corporation Inc. (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Care Coordination Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Care Coordination Software market by Type, Application and Region.
On the basis of geography, the market of Care Coordination Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Rest of Europe), MEA (Saudi Arabia, Turkey, Israel, United Arab Emirates, South Africa, Rest of Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Advancements in Wireless Communication Technology
- Increasing Internet Penetration
- Increasing Utilization of Connected Devices in the Management of Chronic Diseases
Market Trend
- The emergence of Wearable Devices
- Increasing Demand for Disease Management and Treatment
Restraints
- High Cost of Technology
- Insufficient Technological Skills Across Healthcare Organizations
Opportunities
- Increased Investment by Healthcare Companies
- Government Initiatives for Promoting Digital Health
Challenges
- Data Privacy and Security
- Issues related to Data Management and Interoperability
Market Leaders and some development strategies
September 2020 – Humana announced a multi-year partnership to launch its new care coordination platform, the Enterprise Clinical Operating Model, using the Salesforce Health Cloud. The Humana platform will facilitate integrated care coordination between its members, care teams, and provider communities wherever people receive care.
April 2020 – In response to the growing COVID-19 crisis, HME software company WellSky has introduced a new analytics-based platform designed to help payers, health systems and post-acute care providers with care coordination.
Key Target Audience
Healthcare Institutions/Providers, Healthcare Insurance Companies/Payers, Healthcare IT Service Providers, Venture Capitalists and Governmental Bodies