Patient Engagement Technology an Innovative Tool for Healthcare Industry, End User Market Trends and Analysis

Patient engagement technology is increasingly being adopted by healthcare providers, payers, and patients across the globe, particularly in the U.S. This report provides qualitative assessment of the patient engagement technologies in terms of pricing, vendor replacement trends, and selection criteria of adopting patient engagement technologies from provider perspective.

The market is expected to grow rapidly as the healthcare industry witnesses a shift to a value-based reimbursement system from the traditional volume-based fee for reimbursement system. Adoption of patient engagement technology enables the healthcare industry to reduce costs while improving the quality of healthcare. The technology also provides positive returns on investment. Furthermore, legislative reforms of the Affordable Care Act (ACA) in the U.S., government incentives, and rising aging population has stimulated the adoption of patient engagement technologies in the healthcare industry. However, in spite of numerous benefits, certain barriers such as huge investments requirement, fragmented end-user market, and security of patient data are restraining the growth of this market.

The pricing of patient engagement technology depends on number of parameters that determine the cost of patient engagement technologies. These factors are categorized into “Up-front Cost” and “On-going Costs”. The report provides a generalized trend of pricing of patient engagement technologies.

Mobile health technologies have also emerged as potentially powerful tools to engage patients in health care. Mobile health technology can strengthen care delivery process by improving providers’ capacity to reach vulnerable populations and actively engage them in their care. Most of the healthcare organizations are providing mobile health technology to their patient.

Know More : 
https://www.marketsandmarkets.com/Market-Reports/patient-engagement-technology-195345983.html

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