Article -> Article Details
| Title | Care Management Solutions Market Outlook and Key Development till 2023 |
|---|---|
| Category | Fitness Health --> Disabilities and Disorders |
| Meta Keywords | Care Management Solutions Market |
| Owner | vinit |
| Description | |
| Care Management Solutions have become an essential part of
healthcare offerings providing cost-effective patient care. Implementation of
these solutions ensures reduction of costs and increased patient care quality. The efficacy of these software solutions to allow the
consolidation of all expenses which consequently saves the further cost of
patient care acts as a major tailwind driving the market for care management
solutions. Moreover, the increasing healthcare expenditures are
escalating the market on the global platform, increasing the need to curtail
cost without compromising the quality of care. Considering the colossal growth, the market perceives
currently; Market Research Future (MRFR), in its recently published study
report asserts that the global care
management solutions market will grow exponentially by 2023,
registering a fabulous CAGR throughout the forecast period (2017 – 2023). Additional factors helping the market to boost further are
the growing use of big data and its significant impact that is pushing the
healthcare sector toward patient-centric care. Also, factors such as the
ever-increasing population, geriatric populaces, and increased occurrence of
chronic diseases are impacting the market growth, positively, increasing the
need for care management solutions. Besides, the most effective workflow methods that these
solutions provide result in creating lucrative opportunities for market players
in the chronic disease market. Advancements in IT technology and increasing
uptake of healthcare IT for the efficient management of large volumes of data
are expected to increase the size of the market. Furthermore, factors such as
the ability of care management solutions to integrate claims-based data sources
and EHR -bases data at patient level is fostering the growth of the market,
allowing the use of analytics that can support in clinical decision making. Care Management Solutions Market – Regional Analysis Indeed, the resurging economy in the region is playing a
vital role in the growth of the market, making the high cost of treatment
affordable and increasing per capita income in this region. Additionally,
governmental support that has been encouraging vendors to developed new and
better solutions is in turn, fostering the growth in the regional market. The Asia Pacific together accounts for over 41% of the
global population, and most of the APAC countries are in the developing phase
which leads to providing immense opportunities for the market players. Larger
countries such as China and India backed by the densely populated area are
considered as the biggest market for the care management solutions products in
the region. Industry, Innovation Related News April 4, 2019 ---- Wellbox (the US), a
technology-enabled healthcare services company creating and delivering chronic
disease management solutions launched integrated revenue cycle management for
chronic disease care management services. This expansion in services is
expected to make Wellbox the first and only CCM services provider offering a
complete end-to-end CCM and RCM service to its customers. The expansion of CCM service platform includes fully
integrated Revenue Cycle Management (RCM) services improving the customer and
patient experience by integrating the associated billing process and
eliminating the typical confusion and frustration related to traditional
non-integrated CCM services. | |