Population health management is a process of aggregating patient data, analyzing data, and taking measures to improve quality of care and curtailing healthcare costs. Population health management solutions are used by healthcare providers and management of healthcare delivery system to improve efficacy of hospitals clinically as well as financially.
Complete report on Population Health Management Market spread across 135 pages, profiling 11 companies and supported with 41 tables and 41 figures is now available at http://www.reportsnreports.com/reports/281192-population-health-management-market-by-component-software-services-delivery-mode-on-premise-web-cloud-end-user-provider-payer-employer-groups-government-bodies-trends-global-forecasts-to-2018.html .
Population health management market is driven by regulatory mandates laid by Affordable Care Act (ACA). Act aims to lower the number of uninsured people in U.S. to reduce the cost of healthcare for government as well as individuals.
Act has made it mandatory for tax-exempted hospitals to assess community health needs every three years and adopt implementation strategies to address these needs. In addition, ACA had allocated USD 15 billion over a period of ten years to Prevention and Public Health Investment Fund in 2010. This amount was subsequently reduced in 2012 to offset a scheduled cut to Medicare physician payments.
In 2015, software segment is expected to account for largest share of global population health management market, by component, and is expected to grow at fastest CAGR from 2015 to 2020.The high growth rate of software segment can be attributed to increasing adoption of population health management solutions mandated by Affordable Care Act (ACA).
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In 2015, North America is expected to account for largest share of global population health management market, followed by Europe, Asia, &Rest of the World (RoW).North America is also expected to be the fastest growing regional segment from 2015 to 2020.
North America’s large share and high growth is attributed to a number of factors such as regulatory mandates set up under the Affordable Care Act (ACA), implementation of Hospital Readmissions Reduction Program (HRRP), and rising geriatric population are driving growth of North American population health management market.
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However, federal government is investing in this fund. Government invested a collective amount of USD 5.05 billion from 2010 to 2015 (Source: United States Department of Health & Human Services). This funding is directed towards enhancing health outcomes and improving health care quality.
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