Healthcare Quality Management Market Scope
Healthcare quality management solutions are used to improve the effectiveness of treatments and increase patient satisfaction with the services. With an aging population and rising health care costs, healthcare quality management has gained attention in the last few years. Moreover, these healthcare quality management solutions reduce the errors in the treatments and help to reduce the healthcare cost. The primary aim of healthcare quality management is to fulfill the needs of patients. Increasing the volume of unstructured data in the healthcare industry is one of the major factors contributing to the growth of the market.
According to AMA, the Global Healthcare Quality Management market is expected to see growth rate of 14.9%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Healthcare Quality Management market throughout the predicted period.
Nuance Communications, Inc. (United States), Premier, Inc. (United States), Medisolv, Inc. (United States), Truven Health Analytics (A Subsidiary of IBM Watson Health) (United States), Verscend Technologies, Inc. (United States), Quantros, Inc. (United States), Cerner Corporation (United States), Mckesson Corporation (United States), Citiustech Inc. (United States) and Altegra Health, Inc. (A Subsidiary of Change Health) (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 Dolbey Systems, Inc. (United States) and Enli Health Intelligence (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 total available market.
Segmentation Overview
The study have segmented the market of Global Healthcare Quality Management market by Type (Business Intelligence and Analytics Solutions, Physician Quality Reporting Solutions, Clinical Risk Management Solutions and Provider Performance Improvement Solutions), by Application (Data Management {Data Processing & Analysis, Unstructured Data Abstraction, Report Generation, Report Submission} and Risk Management) and Region with country level break-up.
On the basis of geography, the market of Healthcare Quality Management 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).
On 23 Oct 2018, Quantros, the healthcare industries leading provider of performance analytics, risk management, and quality management solutions, has released its CareChex 2019 Hospital and Health System Quality and Patient Safety Rankings and Ratings, accessible at www.carechex.com. These rankings benchmark the clinical quality, patient safety and performance of virtually all acute care hospitals and health systems throughout the U.S. They are recognized as being the most accurate industry standard for showing care variation and are trusted by millions of value-seeking providers, purchasers and consumers of medical care nationwide.
Market Trend
- Interest in Population Health Management Will Grow
Market Drivers
- Government Mandates for Healthcare Providers to Report Quality and Improve Performance
- Increasing Volume of Unstructured Data in the Healthcare Industry
- Need to Curtail Healthcare Costs & Medical Errors
Opportunities
- Introduction of HL7 QRDA-III STU R2.1 Guidelines & ICD 10
- Huge Market Potential in Emerging Economies
Restraints
- High Cost of Quality Reporting
- Data Security Concerns
Challenges
- A dearth of Skilled IT Professionals in the Healthcare Industry
- Reluctance among Medical Professionals to Adopt Healthcare Quality Management Software
Key Target Audience
Healthcare service providers, Healthcare service payers/insurance payers, Healthcare quality management database and providers, Healthcare quality management providers, Healthcare quality reporting registries, Venture capitalists, Government bodies and Business research and consulting firms