The growth of the overall industry can be attributed to the implementation of the Affordable Care Act (ACA) in the U.S., government support for the prevention of diseases and adoption of HCIT, growing geriatric population and the subsequent increase in the prevalence of chronic diseases, need for affordable treatment options due to the rising healthcare costs, and advancing IT and big data capabilities. However, lack of data management capabilities and skilled analysts, reluctance to migrate from legacy systems, and safety concerns with regard to patient information, are the major restraint the growth of Population Health Management Market to a certain extent.
Population Health Management Market Dynamics
Based on end user, the report is categorized into Healthcare Providers, Healthcare Payers, Employer Groups, Government Bodies.In November 2016, Cerner Corporation entered into a telehealth agreement with American Well, a leading telehealth company, to integrate American Well’s platform with Cerner’s electronic health record (EHR). The integration was aimed to enhance Cerner’s EHR and ecosystem to provide advanced telehealth solutions to end users.
Based on component, the report is categorized into software and services. The software segment is expected to command the largest share of the global market in 2016. PHM software includes web-based and cloud-based solutions. The advantage of these solutions is that the service provider maintains and upgrades the software and eliminates the buyer’s responsibility of server support and maintenance, which enables the buyer to focus on their core business.
Population Health Management Market By Region
The global market is expected to be dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is expected to grow at the highest rate during the forecast period.
Cerner Corporation (U.S.), McKesson Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Healthagen, LLC. (U.S.), OptumHealth (U.S.), IBM Corporation (U.S.), Epic Corporation, Inc. (U.S.), Conifer Health Solutions, LLC (U.S.), Health Catalyst, LLC (U.S.), Wellcentive, Inc. (U.S.), i2i Population Health (U.S.), and Verscend Technologies, Inc. (U.S.) are some of the key players in the population health management market.
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