Published Date : Jun 27, 2016
ALBANY, NY, June 27, 2016 - MarketResearchReports.biz has recently announced the addition of a new report, titled ‘Global Population Health Management Research 2016, Trends And Forecast Report,’ to its offering. The research begins with a summary on the global population health management industry, its definition, applications, and classifications. As per the research, the rising aging population and the implementation of big data are two of the major factors expected to drive the industry. Acquisitions and alliances can create new growth opportunities in the industry, state the analysts.
Population health management (PHM) aggregates patients’ data across many health information resources. This data is then analyzed and stored in a single patient record, which is used to provide clinical information to the patients. PHM programs primarily use business intelligence tools to combine patients’ data. By using this data, health service providers can track and possibly improve the health of patients affordably. PHM minimizes the cost of hospitalization, tests and procedures, and emergency department visits. The successful implementation of a patient health management system helps clinicians to identify the gaps between them and the patients.
PHM platforms offer various health management services such as medication dispensers, telemonitoring, and personal emergency care systems. Healthcare management is the primary component of PHM where organizations take efforts to provide self-management programs to patients by minimizing expenses related to care. Better health outcomes, preventing various diseases, cost savings, and bridging healthcare gaps are some of the advantages of using a population health management program. The growing implementation of population health management programs is projected to propel the global industry.
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Healthcare providers, government insurance providers, pharmaceutical companies, medical device manufacturers, private insurance providers, and research institutes are some of the end users of PHM. The global population health management industry will benefit from acquisitions and mergers between leading players and new entrants, state the report’s authors. While new entrants are looking at mergers as a way to implement new technologies and introduce their products across multiple regional markets, large companies are looking at mergers as a means to maintain their dominance.
The lack of well-organized data integration technologies can be the biggest challenge for PHM vendors. Many healthcare vendors lack IT infrastructure to manage large amounts of data related to patients. However, vendors have started using big data services to improve and manage population health. It can thus be expected that care providers and hospitals will increasingly implement big data applications to enhance the quality of their services. This is expected to propel the global population health management industry.
The global population health management industry is spread across North America, Asia, and Europe. The major countries focused on in the report are China, Japan, the U.S., and Germany. The increasing implementation of PHM by health care providers and pharmaceutical companies in the U.S. makes this country the leading contributor.
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