#U.S. Healthcare Payer Analytics Market Share

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U.S. Management Service Organization Market to register high demand rate by 2030

U.S. Management Service Organization Industry Overview

The U.S. management service organization market size was estimated at USD 46.78 billion in 2023 and is expected to grow at a CAGR of 12.96% from 2024 to 2030. The U.S. MSO market is expected to grow significantly, driven by the rise in investments by private equity firms, and the increasing consolidation of smaller practices. The rising focus on value-based care is attributed to several factors such as the shift toward value-based care models, which prioritize quality and outcomes over volume. This has prompted MSOs to adapt their services to meet the changing needs of healthcare providers and payers.

The growing demand for the expansion of service networks by health systems is leading to a rise in investments by private equity companies. Such investments enable organizations to provide quality clinical care without the burden of administrative and management functions. For instance, in April 2023, AmerisourceBergen Corporation and Tarrant Capital IP, LLC, an alternative asset management provider, acquired OneOncology, a network of oncology practices, from General Atlantic Service Company, L.P. This acquisition aims to strengthen AmerisourceBergen Corporation's relationships with community oncologists and expand on solutions in the specialty as well as build a platform in partnership with Tarrant Capital IP, LLC. Such investments and growing acquisitions by private equity firms are expected to drive the market in the coming years.

Gather more insights about the market drivers, restrains and growth of the U.S. Management Service Organization Market

The growing availability of data and advancements in technology have enabled MSOs to better track and measure performance, identify areas for improvement, and implement evidence-based practices. Management service organizations are leveraging sophisticated IT infrastructure and analytics to categorize patients, determine best practices, and drive quality improvement initiatives. For instance, in November 2023, Apollo Medical Holdings, Inc. partnered with Wider Circle, a community health organization, to provide enhanced care management to Medicaid members across California. The partnership aimed to deliver high-quality, value-based care to all community members. The increasing emphasis on population health management and care coordination has propelled MSOs to focus on value-based care.

The emergence of next-generation MSOs in the U.S. brings new opportunities due to the shift of traditional practice management services and a broad range of administrative support services to physician practices. There has been a rise in private equity partnerships, and private practice physicians are investing and joining MSOs to achieve operational efficiency, removing administrative burdens while maintaining clinical autonomy. For instance, in October 2023, Ascend Capital Partners acquired a majority share of Seoul Medical Group (SMG). This acquisition aims to create premier community-focused healthcare companies equipped to manage Medicaid and Medicare patient populations. Such factors create opportunities for the growth of the market in the coming years.

Browse through Grand View Research's Medical Devices Industry Research Reports.

The global surgical drills market size was estimated at USD 1.27 billion in 2023 and is projected to grow at a CAGR of 5.5% from 2024 to 2030. 

The global oral appliances market size was estimated at USD 908.7 million in 2023 and is expected to grow at a CAGR of 5.72% from 2024 to 2030.

Key U.S. Management Service Organization Company Insights

The demand for advanced MSO services has led to increased competition among companies in the U.S. Management Service Organization (MSO) market. Some of the emerging companies include Vanguard Health Solutions, Advanced Medical Management, and HealthSmart Management Services Organization, Inc.

Key U.S. Management Service Organization Companies:

Conifer Health Solutions, LLC. (TH Medical)

Network Medical Management (Apollo Medical Holdings, Inc.)

MedPOINT Management, Inc.

Vanguard Health Solutions

Prospect Medical Holdings, Inc.

Centene Corporation

Advanced Medical Management

HealthSmart Management Services Organization, Inc.

Pacific Partners Management Services Inc., a division of HCA Healthcare

MSO Inc. (Southern California)

Recent Developments

In January 2024, Apollo Medical Holdings, Inc. established a long-term strategic partnership with BASS Medical Group, a multispecialty medical group. The partnership aims to provide high-quality care through value-based arrangements to patients with various types of insurance, including Medicaid, Medicare, ACA Marketplace, and commercial.

In October 2023, Seoul Medical Group (SMG) acquired Advanced Medical Management, which provides comprehensive administrative support to physicians, including claims processing, quality training, and credentialing.

In May 2023, Conifer Health Solutions, LLC entered into a new partnership with Northwest Community Healthcare. With this partnership, the company was expected to continue to provide its expertise in RCM services to Northwest Community Healthcare.

In May 2023, Centene Corporation's Medicare brand, Wellcare, launched a preferred Medicare sales and distribution partnership program to improve quality and customer experience, strengthening sales partnerships.

Order a free sample PDF of the U.S. Management Service Organization Market Study, published by Grand View Research.

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Terbinafine Hydrochloride Prices Trend, Monitor, News, Analytics and Forecast | ChemAnalyst

Terbinafine Hydrochloride Prices: During the Quarter Ending December 2023

Terbinafine Hydrochloride, a pharmaceutical compound primarily used to treat fungal infections of the skin and nails, holds significant importance in the healthcare industry. Understanding the dynamics of terbinafine hydrochloride prices is essential for stakeholders including pharmaceutical manufacturers, healthcare providers, and consumers. The pricing of terbinafine hydrochloride is influenced by various factors, with supply-demand dynamics playing a pivotal role. As a key ingredient in antifungal medications, terbinafine hydrochloride demand fluctuates based on factors such as the prevalence of fungal infections, prescribing patterns by healthcare professionals, and patient preferences. Changes in these demand drivers can impact pricing, with increased demand typically leading to higher prices and vice versa.

Moreover, the cost of production significantly affects terbinafine hydrochloride prices. Pharmaceutical manufacturing involves complex processes, stringent quality control measures, and compliance with regulatory standards, all of which contribute to production costs. Factors such as raw material prices, labor wages, energy costs, and manufacturing technologies influence the overall cost structure for terbinafine hydrochloride manufacturers, thereby impacting pricing decisions. Additionally, research and development (R&D) investments in drug discovery, formulation optimization, and process innovation can influence production costs and subsequently affect pricing strategies.

Furthermore, regulatory factors play a crucial role in shaping terbinafine hydrochloride prices. Pharmaceutical products are subject to stringent regulatory oversight by agencies such as the U.S. Food and Drug Administration (FDA) in the United States and the European Medicines Agency (EMA) in Europe. Compliance with regulatory requirements, including clinical trials, drug approvals, and post-market surveillance, incurs costs for manufacturers, which may be reflected in product pricing. Additionally, changes in regulatory policies, such as patent expirations, generic drug approvals, or drug reclassifications, can impact market dynamics and pricing competitiveness.

Get Real Time Prices of Terbinafine Hydrochloride: https://www.chemanalyst.com/Pricing-data/terbinafine-hydrochloride-1461

Global market dynamics and competition also influence terbinafine hydrochloride prices. The pharmaceutical industry operates in a competitive environment characterized by multiple manufacturers, generic alternatives, and international trade. Price competition among manufacturers vying for market share can lead to price fluctuations and margin pressures. Additionally, market consolidation, mergers, and acquisitions within the pharmaceutical sector can impact pricing strategies and market dynamics, influencing terbinafine hydrochloride prices.

Furthermore, macroeconomic factors such as currency exchange rates, inflation rates, and economic conditions can influence terbinafine hydrochloride prices. Currency fluctuations affect the cost of imported raw materials and finished products, impacting pricing for both manufacturers and consumers. Economic downturns or recessions may lead to changes in healthcare spending patterns, affecting demand for pharmaceutical products like terbinafine hydrochloride and influencing pricing dynamics.

Lastly, healthcare insurance coverage and reimbursement policies impact terbinafine hydrochloride prices, particularly in markets with significant reliance on third-party payers. Formulary restrictions, co-payments, and insurance coverage decisions influence patient access to terbinafine hydrochloride medications and can affect demand and pricing. Additionally, pricing negotiations between pharmaceutical manufacturers and payers, such as government agencies, insurance companies, and pharmacy benefit managers, play a role in determining market prices for terbinafine hydrochloride products.

In conclusion, terbinafine hydrochloride prices are influenced by a multitude of factors spanning supply-demand dynamics, production costs, regulatory considerations, global market dynamics, and macroeconomic factors. Stakeholders in the pharmaceutical industry must navigate these complexities, leveraging market insights and strategic pricing approaches to optimize pricing strategies and ensure accessibility of terbinafine hydrochloride medications for patients in need. By understanding the multifaceted nature of terbinafine hydrochloride pricing, stakeholders can make informed decisions to support sustainable growth and innovation in the pharmaceutical sector.

Get Real Time Prices of Terbinafine Hydrochloride: https://www.chemanalyst.com/Pricing-data/terbinafine-hydrochloride-1461

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[healthcaremarketfmi]

Healthcare Cloud Infrastructure Market Top Players with Share, Product Scope, Total Revenues, Business Development and Opportunities till 2033

The Healthcare Cloud Infrastructure Market is expected to register a valuation of US$ 464.1 Bn by 2033 at a CAGR of 23.9%, according to a recently published Future Market Insights report. The market through healthcare cloud infrastructure services is projected to grow at a CAGR of 23.7% from 2023 to 2033.

The market is growing rapidly due to a significant surge in digitalization, artificial intelligence, and machine learning computing, rising cloud database infrastructure, and increasing capital expenditure. The efficient cloud database management system enhances the quality of treatment and care of individuals.

The adoption of data analytics, wearable devices, and the Internet of Things surges the demand for the healthcare cloud computing market. The Internet of Things in Healthcare Industry is expected to change the dynamics of the healthcare industry. Cloud infrastructure helps to collect information on individual and remote monitoring of patients in the healthcare industry.

Increased use of IoT solutions in healthcare is anticipated to spur market expansion over the forecast period. Market players including IBM, SAP SE, and Cisco Systems Inc. are leveraging IoT technologies and solutions to enhance healthcare products and services throughout their transactional activities.

Cloud computing allows access to the patient data to the manufacturer of the devices, services providers, doctors, and the patient as well. Cloud systems are integrated with healthcare organizations and represent a privacy and security safeguard for healthcare data by encrypting it with data hard forking and fine-grained access controls.

The market in North America is expected to cross US$ 150 Billion by 2023, growing at a CAGR of over 20% from 2023 to 2033. The healthcare IT expenditure in the regions has been skyrocketing. The number of remote patient monitoring in the U.S. increased from 39.3 Million in 2021 to 45.1 Million in 2022. By 2025, this number is expected to swell to 70.6 Million. Besides, telemedicine appointments in the region have also surged which has consequently triggered the demand for healthcare cloud infrastructure in the region.

Competitive Landscape

The key players operating in the global healthcare cloud infrastructure market are Dell, Hewlett-Packard Enterprise Development LP, Microsoft, Oracle Corporation, and IBM.

A few of the recent developments in the Healthcare Cloud Infrastructure Market are:

In February 2022, IBM and SAP strengthened their partnership to enable clients to move their workloads from SAP solutions to the Cloud.

In February 2022, Kyndryl partnered with AWS to accelerate cloud adoption and innovation for customers.

In July 2021, Amazon announced the rollout of AWS for Health cloud services for healthcare, genomics, and biopharma.

In July 2021, Wellforce announced the migration of its Epic infrastructure to AWS cloud.

For More Information: https://www.futuremarketinsights.com/reports/healthcare-cloud-infrastructure-market

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Healthcare Cloud Infrastructure market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of Components (Hardware, Services) and End-User (Healthcare Payers, Healthcare Providers) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Market Segments Covered in Healthcare Cloud Infrastructure Market Analysis

By Component:

Hardware

Server

Storage

Network

Services

Software-as-a-service (SaaS)

Infrastructure-as-a-service (IaaS)

Platform-as-a-Service (PaaS)

By End-Use:

Healthcare Payers

Healthcare Providers

[neha24blog]

U.S. Healthcare Payer Analytics Market Focusing On The Basis Of Analytics Type, Component, Delivery Model, Application And Forecast 2030 : Grand View Research Inc.

U.S. Healthcare Payer Analytics Market Focusing On The Basis Of Analytics Type, Component, Delivery Model, Application And Forecast 2030 : Grand View Research Inc.

San Francisco, 10 Nov 2022: The Report U.S. Healthcare Payer Analytics Market Size, Share, And Trend Analysis Report By Analytics Type (Descriptive Analytics), By Component (Software), By Delivery Model, By Application, And Segment Forecasts, 2022 – 2030 The U.S. healthcare payer analytics market is expected to reach USD 19.4 billion by 2030, registering a CAGR of 22.3% from 2022 to 2030,…

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INEVITABLE EFFECT OF COVID -19 ON WORLD AND DENIALS MANAGEMENT SOFTWARE

The System International unites is currently near to a crisis. Knowledge analysis shows that a next crisis is going to be reached in 2020, and or minus 2 years; presumptuous that the model that's used is correct. In these cases, a crucial state of the system that followed these crucial points went hand in hand with a general war. These general wars were instrumental within the reorganization of the international order to produce one more amount of relative stability Denial management software. The last general war (World War II, 1939-1945) has resulted within the world organization international order. However, a primary international war cycle conjointly started in 1945, with the implementation of this new international order.

That is however the political orientation system works linear unit develops; high-powered by tensions caused by increment, and rivalries between states. Analysis shows that 2020 may well be the crisis of this latest cycle. If history repeats itself – and there's each reason to expect this – then a general war ensues, transportation a couple of new and ‘upgraded’ international order: a world organization two.0, thus to talk. Typically, the amount between the tipping purpose of a war cycle (2011 during this case) and also the crisis is characterised by the build-up of tensions and political and social volatility: The international order isn't any longer ready to properly regulate these tensions. This behaviour has been visible since 2011, and currently the corona virus pandemic comes on high of this volatility.

The injury of this pandemic is nice in itself, however it's not restricted to health risks; economies of all countries, and also the world economy also are receiving new blows. There is no international cooperation to combat the pandemic, on the contrary: The saying is “everybody for him- or herself”, not only if it considerations toilet tissue, Healthcare Denial Management Softwarehowever conjointly once it's concerning medical providers and whole economies, for instance. Borders are closed too, not solely to prevent the unfold of the virus – that is an obvious live in some cases – however out of reflex, to make sure a false feeling of security and management. International cooperation is essential to (eventual) success: while not international cooperation, there'll be additional injury, and a (much) longer amount of recovery. The U.S and China place the pandemic and its consequences within the context of their mutual rivalries, and it provides fertile soil to any enlarge variations in interests and variations between political systems. China has managed to bend the pandemic that started in China, to its own advantage, it seems. The U.S, which is additionally scuffling with dysfunctional internal politics, is failing for itself and internationally. The U.S is anticipated to be hit onerous by the pandemic, as well as economically and politically.

A number of recent trends within the health care market have escalated the pressing issue of hospital denial management. Hospitals ar troubled to gather each dollar they're owed, and every of those new developments poses another threat.

1. Demand quality is on the increase. Insurance firms are adding progressively advanced needs into contracts with suppliers. Organizations are seeing up to twenty % of claims come with initial denial. Meaning suppliers ought to work, or appeal, one out of each 5 claims. This constant work distracts from care and inhibits revenue cycle improvement initiatives.

2. Patient responsibility is increasing. Insurers and employers are put additional pressure on the patient, via high deductible health plans and different strategies, to share the responsibility of the payment. From 2011 to 2016, of yank adults listed in high deductible health plans exaggerated virtually fifty present, increasing patient payment parts, that are typically tougher to gather in an exceedingly timely manner than industrial or government payer parts. Denials hindrance and backbone programs to maximise insurance collections are escalating in necessity so as attain revenue cycle vitality.

3. Margin pressures thanks to value-based initiatives are a risk to revenue cycles and have an effect on overall gain. While value-based care has positive implications for potency and price savings semi-permanent, it conjointly means that sure service lines might not be as profitable as they traditionally were, ensuing from efforts to standardize value and payments. It's imperative that hospitals cut back their overall overhead, as well as prices related to their denials management initiatives.

4. Non-current denials management software package. According to a HIMSS Analytics 2016 survey, just about third of health care suppliers still use a manual claim denials management method. Hospitals are slow to adopt denials management software package, and plenty of still accept noncurrent paper-based processes or databases they'll have developed in-house, however that lack the automation and call support to assist optimize denials management. Regulatory changes are planning to persist; these issues can still plague hospital denials management. However the proper denials management resolution – a mix of service and technology – will address problems before they become unmanageable.

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Multiplex Assays Market is Driven by Increasing Awareness About Multi factorial Nature of Various Diseases

Multiplex Assays Market Scenario

According to Data Bridge Market Research the multiplex assays market is attaining a significant growth in developing economies during the forecast period of 2019-2026 due to factors such as increasing usage in companion diagnostics, prevalence of benefits associated with singleplex over traditional assays and surging number of application which will help in boosting the growth of the market.

Now the question is which are the other regions that multiplex assays market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific multiplex assays market and the market leaders targeting China, India and Japan to be their next revenue pockets for 2020. The Data bridge market research new reports highlight the major growth factors and opportunities in the multiplex assays market.

Request-a-sample@https://www.databridgemarketresearch.com/request-a-sample/?dbmr=-multiplex-assays-market

Multiplex Assays Market Development in 2019

·         In July 2019, Bio-Rad Laboratories, Inc. launched Bio-Plex Pro Human Immunotherapy Panel 20-plex, which helps in communicating within the immune system while provides a vital role in various diseases such as cancer and other auto immune diseases.  

Scope of the Multiplex Assays Market

Multiplex assays market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Brazil, Argentina, Rest of South America as a part of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe in Europe, China, Japan, India, Australia, Singapore, Thailand, Malaysia, South Korea, Indonesia, Philippines, Rest of Asia-Pacific (APAC) as a part of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel,  Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

·         All country based analysis of the multiplex assays market is further analyzed based on maximum granularity into further segmentation. On the basis of products and services, the market is segmented into reagents & consumables, instruments & accessories, software & services.

·         Based on type, the market is segmented into nucleic acid multiplex assays, protein multiplex assays, cell-based multiplex assays. Based on technology, the market is segmented into protein microarray, polymerase chain reaction, multiplex real-time PCR, flow cytometry, fluorescence detection, luminescence, others.

·         Based on end-user, the market is segmented into hospitals, clinical laboratories, pharmaceutical & biotechnology companies, research institutes, others. The applications covered for the report are clinical diagnostics, research & development.

·         Multiplex assays are a kind of immunoassay used in the determination of multiple analyte in a single sample by using magnetic or non-magnetic beads. Due to the rising research activities, multiple assays will provide various benefits in clinical diagnostics.   

Key Pointers Covered in the Multiplex Assays Market Industry Trends and Forecast to 2026

·         Market Size

·         Market New Sales Volumes

·         Market Replacement Sales Volumes

·         Market Installed Base

·         Market By Brands

·         Market Procedure Volumes

·         Market Product Price Analysis

·         Market Healthcare Outcomes

·         Market Cost of Care Analysis

·         Market Regulatory Framework and Changes

·         Market Prices and Reimbursement Analysis

·         Market Shares in Different Regions

·         Recent Developments for Market Competitors

·         Market Upcoming Applications

·         Market Innovators Study

Key Market Competitors Covered in the report

·         BD

·         Bio-Rad Laboratories, Inc.

·         Thermo Fisher Scientific Inc.

·         F. Hoffmann-La Roche Ltd

·         Cepheid

·         Siemens AG

·         Hologic Inc.

·         Luminex Corporation.

·         MESO SCALE DIAGNOSTICS, LLC.

·         QIAGEN

·         PerkinElmer Inc.

·         Illumina, Inc.

·         AGENA BIOSCIENCE, INC.

·         Olink

·         Randox Laboratories Ltd.

·         Bio-Techne.

·         Agilent Technologies

·         Sysmex Corporation

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Multiplex Assays MarketMarket Size, Status and Forecast 2018 – 2025

1 Market Overview

2 Manufacturers Profiles            

3  Multiplex Assays MarketSales, Revenue, Market Share and Competition by Manufacturer

4  Multiplex Assays MarketMarket Analysis by Regions

5 North America Multiplex Assays Marketby Countries

6 Europe Multiplex Assays Marketby Countries

7 Asia-Pacific Multiplex Assays Marketby Countries

8 South America Multiplex Assays Marketby Countries

9 Middle East and Africa Multiplex Assays Marketby Countries

10  Multiplex Assays MarketMarket Segment by Type

11  Multiplex Assays MarketMarket Segment by Application

12 Multiplex Assays MarketMarket Forecast

13 Sales Channel, Distributors, Traders and Dealers

14 Research Findings and Conclusion

15 Appendixes

 Research Methodology:  Multiplex Assays Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement,  versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

·         Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

·         Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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[adityarana1687-blog]

Population Health Management Market Is Expected To Witness Higher Demands Till 2030

The global population health management market size is expected to reach USD 280.8 billion by 2030, registering a CAGR of 21.9% over the forecast period, according to a new report by Grand View Research, Inc. The need for population health services that combine multiple functionalities is increasing due to the complex nature of care delivery and payment models. Population Health Management (PHM) solutions can process clinical, financial, and operational data that help improve efficiency and patient care. The health management program is also witnessing changes in medical reimbursement due to the increasing emphasis on value-based payment models and Accountable Care Organizations (ACOs).

The COVID-19 pandemic has intensified the need for social distance among physicians and other healthcare workers, driving the need for population health management solutions and the correct and timely transmission of patient health information and claims data for patients with chronic diseases. PHM provides effective tools in this regard, including a framework for the secure transmission, sharing, and retrieval of electronic health information and claims data. For clinical and financial decision-making, these technologies enable the smooth transmission and analysis of health-related data between healthcare institutions and patients.

Furthermore, as patient numbers increase, so does the requirement for electronic medical records and electronic health record solutions to manage complicated patient data. Players in this market have also connected the electronic health record platforms with other IT solutions such as population health management and enhanced their software solutions to assist healthcare practitioners in efficiently managing COVID-19 patients. The convenience offered by value-based payment models is responsible for the increased adoption of population health solutions by ACOs.

ACOs, consisting of hospitals, clinics, and other healthcare providers, collaborate with the payers (private and public) to provide high-quality care to the patients. Private and public insurance providers have introduced various disease management programs that help in the treatment of chronic illnesses. These multidisciplinary efforts are expected to result in efficient treatment outcomes and are likely to suggest the best suitable courses of action that need to be undertaken. Successful large-scale trials in the U.S. have enabled significant advancements in disease management programs.

Most healthcare providers worldwide have insufficient infrastructure, including health professionals, patients’ data, technology, and other resources to manage healthcare issues. To manage a large population, suppliers must invest considerably in infrastructure development. The government's expanded monitoring support for healthcare IT systems, as well as the rising use of big data analytics and the need to contain expanding healthcare costs, would all fuel the expansion of the population health management industry.

Request a free sample copy or view the report summary: Population Health Management Market Report

Population Health Management Market Report Highlights

PHM software offers predictive data analytics, which can be applied for interpreting population characteristics from unstructured clinical data

The services product segment held a majority of the market share in 2021, as healthcare providers prefer in-house maintenance services

Healthcare providers held the largest market share of the end-use segment in 2021. The providers can focus effectively on patient-centric care and reducing overall costs. The large market share is attributed to the implementation of the ACA which is the Affordable Care Act for the prevention of diseases, and the adoption of IT in healthcare, this will boost the market growth and create opportunities for the service provider to effectively collect and maintain patients' data.

North America was the largest regional market in 2021 and is likely to retain its position over the forecast period, as the providers, payers, providers-payers, and accountable care organizations promote the use of PHM services

In Asia Pacific, the market is expected to witness the fastest growth in the coming years due to rising healthcare expenditure and improving healthcare infrastructure in the region

Acquisitions and business partnerships with other market players are some of the strategic initiatives undertaken by key players to strengthen their market presence

Population Health Management Market Segmentation

Grand View Research has segmented the global population health management market based on the product, end use, delivery mode, and region:

Population Health Management Product Outlook (Revenue, USD Million, 2017 - 2030)

Software

Services

Population Health Management End-use Outlook (Revenue, USD Million, 2017 - 2030)

Payers

Providers

Employer Groups

Population Health Management Delivery Mode Outlook (Revenue, USD Million, 2017 - 2030)

On-Premise

Cloud-based

Population Health Management Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

U.S.

Canada

Europe

U.K.

Germany

France

Italy

Spain

Asia Pacific

Japan

China

India

Australia

South Korea

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

South Africa

Saudi Arabia

United Arab Emirates

List of Key Players in Population Health Management Market

Allscripts

McKesson Corporation

Cerner Corporation

Conifer Health Solutions LLC

eClinicalWorks

[marketreports-blog]

Nova one advisor recently published a research report on "U.S. Healthcare Payer Analytics Market Share, Size, Trends, Industry Analysis Report, By Analytics Type (Descriptive Analytics), By Component (Software), By Delivery Model, By Application; By Region; Segment Forecast, 2022 - 2030" in its research database.

According to recent research study, the U.S. Healthcare Payer Analytics market size & share is expected to grow at a CAGR of 22.6% between 2022 and 2030. The U.S. Healthcare Payer Analytics industry revenue of USD 3.5 Billion in 2021 is expected to grow up to USD 19.7 Billion by 2030.

[metiresearchinfo]

U.S. Real-World Evidence (RWE) Solutions Market by Component [Datasets (Clinical, Claims, Pharmacy, Integrated), Services], Application (Market Access, Oncology, Neurology, Post Market Surveillance), End User (Pharma Companies, Providers) - Forecast to 2028

The U.S. RWE Solutions Market is expected to grow at a CAGR of 13% from 2021 to 2028 to reach $2.01 billion by 2028.Real-world evidence (RWE) is clinical evidence gathered via RWD analysis on the use and potential benefits or risks of a medical product. RWE can be produced through various study designs or analyses, not limited to randomized trials, large simple trials, pragmatic trials, and observational studies (prospective or retrospective). RWE has several applications, including drug development life cycles, shortening development timelines, reducing the costs of clinical trials, and improving the probability of technical and regulatory success. Rapidly growing big data in healthcare, shift from volume to value-based care, and rising focus towards personalized healthcare have been considered to have a positive impact on the U.S. RWE solutions market.

Impact of COVID-19 on the U.S. RWE Solutions Market

The key players operating in the U.S. RWE solutions market experienced an initial shrinkage due to uncertainties associated with the impact of the COVID-19 pandemic. The market shrinkage was mainly due to significant restrictions on travel in many countries, shifting resources on COVID-19 treatments in healthcare settings, and limited access to hospitals. However, after initial shrinkage, the adoption of real-world evidence (RWE) is rising to fight against the COVID-19 outbreak.

Healthcare professionals are working tirelessly on faster diagnosis, rapid response, and effective use of human resources, and ensuring medical personnel's safety. As the COVID-19 outbreak continues to take its toll on U.S. markets, real-world evidence (RWE) is the most influential emerging technology to fight against the COVID-19 outbreak. Real-world evidence is becoming an essential tool in trying to suppress COVID-19.

There is growing interest in whether non-randomized real-world evidence (RWE) can be used to supplement RCT evidence and aid in clinical decision-making but concerns about non-randomized RWE have been highlighted by a proliferation of RWE studies on medications and COVID-19 outcomes with widely varying conclusions. A systematic approach to generating information to support clinical and public health decision-making is needed. Real-world data (RWD) captured directly from patients or through medical claims or electronic medical records (EMRs) have the potential to support clinical decision-making.

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Key Findings in the U.S. RWE Solutions Market Study

Datasets Generated Larger Proportion of Revenue Compared to Consulting and Analytics

The datasets segment accounted for the largest share of the U.S. RWE solutions market in 2021. The large share of this segment is primarily attributed to the increasing need for additional insights on epidemiology, compliance, adherence, and costs in a realistic environment; the growing amount of medical data generated in hospitals; increasing dependence of outcome-based studies on real-world data; and rising demand for information regarding drug safety among payers, regulatory bodies, and providers.

Market access & Reimbursement/Coverage Decisions to Dominate the Market

The market access & reimbursement/coverage decisions segment accounted for the largest share of the U.S. RWE solutions market in 2021. The large share of this segment is primarily attributed to the increasing demand for real-world data and real-world evidence to accelerate drug discovery and development, increasing investments by biopharmaceutical companies in R&D, and the growing inclination of regulatory bodies towards the use of real-world evidence (RWE).

Real-world data (RWD) is being increasingly considered by both industry and payers in the U.S. Payers use the data to support coverage decisions, develop guidelines and decision support tools for use in clinical practice, generate estimates of the potential population they cover that could require the treatment, and estimate potential costs and cost offsets.

Pharmaceutical & Medical Device Companies Segment Accounted for the Largest Share in the U.S. RWE solutions market

The pharmaceutical & medical device companies segment accounted for the largest share of the U.S. RWE solutions market in 2021. The large share of this segment is mainly attributed increasing importance of RWE studies in drug development & approvals, and the growing need to avoid costly drug recalls and assess drug performance in real-world settings.

The healthcare landscape continues to shift from volume to value-based care and is continuously developing. Pharmaceutical companies have been looking for new ways to provide the best treatments for patients. Real-world evidence helps understand real-life clinical practices and actual health outcomes of drugs. Pharmaceutical and biotech companies are increasingly utilizing real-world evidence for collecting real-time post-trial information about drugs, which helps healthcare providers and researchers understand the negative reactions, side effects, and medication errors related to the drugs, thereby enabling them to control the potential harm caused by the drugs.

Key Players

The report includes a competitive landscape based on extensive assessment of the key strategic developments that led market participants to adopt over the past four years . The key players profiled in the U.S. RWE solutions market report includes IQVIA HOLDINGS INC. (U.S.), ICON plc (Ireland), PPD, Inc. (U.S.), Clinigen Group plc (U.K.), Cognizant Technology Solutions Corporation (U.S.), IBM Corporation (U.S.), SAS Institute Inc. (U.S.), UnitedHealth Group Incorporated (U.S.), Oracle Corporation (U.S.), PAREXEL International Corporation (U.S.), PerkinElmer, Inc. (U.S.), Flatiron Health (U.S.), SYNEOS HEALTH, INC. (U.S.), CLARIVATE PLC (U.S.), Medpace Holdings, Inc. (U.S.), and Symphony Innovation, LLC (U.S.).

Scope of the Report

U.S. RWE Solutions Market, by Component

Datasets

Consulting and Analytics

Disparate Datasets

Integrated Datasets

EMR/EHR/Clinical Data

Claims & Billing Data

Pharmacy Data

Product/Disease Registries Data

Other Disparate Datasets

(Note – Other Disparate Datasets include data generated from mobile devices, wearable devices, and social media)

U.S. RWE Solutions Market, by Application

Market Access & Reimbursement/Coverage Decisions

Drug Development & Approvals

Post Market Surveillance

Medical Device Development & Approvals

Other Applications

Oncology

Neurology

Immunology

Cardiovascular Diseases

Other Therapeutic Areas

(Note – Other Therapeutic Areas include infectious diseases, musculoskeletal disorders, dermatological diseases, and respiratory diseases/ Other Applications include regulatory and clinical decision-making)

U.S. RWE Solutions Market, by End User

Pharmaceutical, Biotechnology, and Medical Device Companies

Healthcare Payers

Healthcare Providers

Other End Users

(Note – Other end users include academic research institutions, patient advocacy groups, regulators, and health technology assessment agencies)

[automationandinstrumentation]

Healthcare Provider Network Management Market Size Forecast to Reach $3.98 Billion by 2025

Healthcare Provider Network Management Market size is forecast to reach $3.98 billion by 2025, growing at a CAGR of 11.6% during the forecast period 2020-2025. Healthcare Provider Network Management effectively and efficiently helps health plans and payers improve provider network management using a modular platform for contracting, service inquiry, documentation, and data management. Facilities and solutions are being mastered through the use of cloud computing, big data analytics, and advanced communication and networking to address the prevalent challenges within the industry. Growing focus on optimization in the medical costs, service inquiry and patients care plans, increasing focus on federal mandates in the U.S. and growing focus on improving quality of care through the effective use of payer reporting requirements are driving the market growth in recent years. In addition, major market development of key players like Ayasdi AI are additional factors driving the growth of the market.

Component - Segment Analysis

Provider Network Management Platforms/Software held the largest share in the component segment of Healthcare Provider Network Management Market in 2019, and are estimated to grow at a CAGR of 12.5% during the forecast period 2020-2025. Management Software’s help to finance organizations to manage a provider's network with superior efficiency for optimum financial results, process claims with more accuracy which reduces errors and cost, and improve provider satisfaction. There is a significant increase in R&D activity and technological advancement in Healthcare Provider Network Managements Software, and more number of key players investing in it in recent years have driven the market growth in the upcoming years. Provider Network Management Services is set to continue to be the fastest growing segment and is estimated to register the highest CAGR during the forecast period 2020-2025. Increasing applications of network management solutions across enterprises and service providers, and integration and deployment services is set to drive the market growth in the upcoming years.

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End Use - Segment Analysis

Service Providers held the major share in the end use segment of Healthcare Provider Network Management Market in 2019. Healthcare organizations are focusing on ways to increase interoperability, improve communication, and streamline operations in order to deliver the best possible care at the best price for members. Managing provider and network services has always been an important piece of health plan operations. In recent years, health plans by service providers have been re-imagining their provider relationships as a strategic way to improve their care delivery and member outcomes. This has led to considerable increase in market growth of the segment in recent years. Service providers are forecast to continue growing at the fastest rate with the highest CAGR during the forecast period 2020-2025, owing to increasing investments in research and development of improvement in areas lacking proper innovation for service providers.

Geography - Segment Analysis

North America dominated the geography segment of Healthcare Provider Network Management Market with a share of more than 43.6% in 2019, followed by Europe. Rapid growth of health insurances coverage according to the Patient Protection and Affordable Act (PPACA) in the U.S., increasing focus on reducing healthcare costs, and the rapid growth of the IT industry in the region are helping in significant market growth in the region. Europe held the second place in the geography segment share of the market. In Europe, presence of large number of IT hub cities and launch of various IT service solutions in recent years in the region have helped in significant market growth in the region.

Asia-Pacific is estimated to grow at the fastest rate at a higher CAGR during the forecast period 2020-2025. This is owing gradual penetration of IT solutions in the healthcare sector, demand of proper and quicker healthcare services in view of growing diseases and health problems in the region, and entry of new investment firms.

Drivers – Healthcare Provider Network Management Market

Growing focus on federal mandates in the U.S.

Over time, the American public has become increasingly accepting of government activism in domestic affairs generally, and of federal government intervention in medical services. Federalism scholars attribute this increased acceptance of, and sometimes demand for the network solutions in healthcare provider management systems. This is set to drive the market growth in the forecast years 2020-2025.

Growing focus on improving effective use of payer reporting requirements

To obtain better value for investments made in health care, significant discussion has emerged on how best to align economic and health incentives to achieve these goals. With the passing years, there is an increase in the number of healthcare policies by the federal policies. New investments are made for the proper management of healthcare services management by key market players. This is set to help in market growth during the forecast period 2020-2025.

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Challenges – Healthcare Provider Network Management Market

Difficulties in managing the quality of care among the entire network of providers

High quality of care costs money, but additional amounts of money not necessarily guarantee either better quality of care or improved health. Consequently, if it is not known when additional expenditures is set to bring no further benefits, then when cost controls is set to threaten patient well-being or harm quality of care cannot be understood or well distributed. This is poised to gradually strain the quality management for Healthcare Provider Network Management in this market. Thus, it is anticipated to hamper the market growth during the forecast period 2020-2025.

Healthcare Provider Network Management Industry Outlook

Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Healthcare Provider Network Management Market. In 2019, Healthcare Provider Network Management Market share is consolidated by the top players present in the market. Healthcare Provider Network Management Market top 10 companies are Trizetto Corporation, Ayasdi, Inc., Mckesson Corporation, Optum, Inc., Genpact Limited, Infosys BPO, Ltd., Syntel, Inc., Mphasis Limited, Vestica Healthcare, LLC , and Aldera, Inc. among others.

Acquisitions/Product Launches

In September 2019, Ayasdi AI announced the launch of Ayasdi AML, an advanced anti-money laundering (AML) solution that significantly boosts efforts to combat fraudulent money laundering schemes.

In september 2019, UnitedHealth Group announced its plans to link its network of of physicians in its population health management and care delivery business, OptumHealth, with insights it gleans from its data analytics business, OptumInsights.

Related Reports :

A. Healthcare Payer Services Market

https://www.industryarc.com/Report/16774/healthcare-payer-services-market.html

B. Healthcare BPO Market

https://www.industryarc.com/Report/16765/healthcare-bpo-market.html

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[chitrakullkarni]

Healthcare Payer Services Market Recent Developments, Regional Estimates and Trends, 2024

Global Healthcare Payer Services Market size is anticipated to reach USD 69.2 billion by 2024. Healthcare payer services are outsourced by healthcare insurance providers and payers.

Top Companies:

Some of the key players that fuel the market growth of healthcare payer services comprise Cognizant, Accenture, ExlService Holdings Inc, Concentrix Corporation, Teleperformance Group, Hexaware Technologies, HCL Technologies, Genpact, First Source Solutions Limited and Conduent. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Growth Drivers:

The factors that propel the growth of the healthcare payer services market include increasing frauds regarding healthcare, federal mandates in the U.S., increasing payer workload, in-house shortage of skilled personnel, and dynamic nature of health profit plan designs. On the other hand, there are factors that may hamper the growth of the market including unforeseen costs associated with outsourcing, loss of managerial control, and increasing occurrences of data breaches, and loss of privacy. Healthcare payer services industry is anticipated to grow at a significant CAGR of 8.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Outsourcing Services Outlook:

The market could be explored by outsourcing services as ITO, KPO, and BPO. The “BPO Based Payer Services” segment led the healthcare payer services industry in 2015 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market includes increasing focus to reduce the overall administrative cost of claim management services & member services and rising healthcare cost.

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Application Outlook:

The key applications that could be explored in the healthcare payer services industry include Member Management Services, Integrated Front Office Service and Back Office Operations, Billing and Accounts Management Services, Claims Management Services, Provider Management Services, HR Services, and Analytics and Fraud Management Services. The “Analytics and Fraud Management Healthcare” segment led the market of healthcare payer services in 2015 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market includes increasing overall health care spending and the increasing demand for low-cost skilled professionals.

End-use Outlook:

The healthcare payer services market could be explored based on end use as Public Payer and Private Payer. The “Private Payers” segment led the healthcare payer services industry in 2015 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market includes increasing private investment in the healthcare payer vertical and rising government support to promote private investment in the healthcare industry.

Regional Outlook:

North America accounted for the major market share of the healthcare payer services in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include extensive technological developments in the region, increasing number of people opting for health insurance, rising implementation of ICD-10 codes in the U.S., the occurrence of developing IT and healthcare infrastructure, growing number of healthcare payer services providers. North America is followed by the European region owing to the enhanced digitization of healthcare procedures and implementation of technologically progressive systems in the region.

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[zaras2424]

Value-Based Healthcare Services Market Growth Analysis, Projection and Industry Forecast Report

Value-Based Healthcare Services Market was estimated to grow at 19.8% CAGR during the forecast period due to rapid growth of development of these services globally, says Absolute Market Insights. The risk associated with health care from patients to their healthcare providers is the major driver for the rapid evolution of the global value-added healthcare industry. With the improvements in healthcare policies focused on patients, it is now easy to see why there is an increasing demand for value-added healthcare services. Introducing value-based healthcare services has altered the traditional way insurers used to pay for treatment. The shift to quality health care (such as reduction in hospital readmissions, use of certified IT and improvement of preventive care) and a new refund plan impel providers to concentrate on improved care. Public and commercial payers' demand to reduce costs and improve healthcare delivery. This essentially pushes them away from long-lasting volume-based healthcare models to "value-based healthcare." The aim of this method is to completely adjust the payment and objective measures of medical care quality. Providers must pay for the amount of services they deliver rather than pay based on the number of appointments and medication patients receive. This change in the reimbursement platform is driving the value-based healthcare services by directing better care at low costs. However, the financial penalties and reduced reimbursement will establish a popular financial burden for those healthcare providers who cannot meet the necessary targets. Value-based healthcare services tackle increasing healthcare spending, clinical inefficiency, and service repeatability.

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During the forecast period, the rapid development of value-based health care services serves as a major driver on the global value-based health care services industry. It has been duly reported that over 40 per cent of U.S. health care executives expect value-based reimbursement and at some point in time will become the primary revenue model for the U.S. Nevertheless, in some regions in developing parts of the world, the lack of required health care infrastructure and internet connectivity is expected to hinder the global value-based health care services market during the forecast period. In conclusion, it will take some time to transform from fee-to-service to value-based care, so that the shift can be more difficult than estimated. With the health sector developing further and providers accepting value-based care models, some financial hits may be experienced in the beginning. This transition ultimately represents an ideal way to reduce health care costs and expand quality care. To be successful in this new model, providers need to acquire new skills such as making clinically combined physician networks, gathering and assimilating data, and applying analytics to find cost and prospects for improving quality.

The detailed research study provides qualitative and quantitative analysis of value-based healthcare services market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Key Findings of the Report:

Intensive rivalry between the providers and increased pressure on lower costs and better quality have separated volume-based healthcare from value-for-money healthcare.

ACOs accounted for the largest share in the global of value-based healthcare services market.

Asia Pacific is expected to observe the fastest CAGR over the forecast period. Progressive economy, large geriatric population base, availability of skilled labor at economic cost, and high prevalence of chronic diseases are the major factors that increase the aforementioned region’s development.

Major players operating in the global value-based health care services market include Deloitte, Siemens Healthcare GmbH, NextStep Solutions, athenahealth, Genpact, McKesson Corporation, and NXGN Management, LLC. Currently the global market for value-based healthcare services is highly competitive due to the presence of many established players and policies of government.

Global Value-Based Healthcare Services Market:

By Model

Accountable Care Organization (ACO)

Patient-Centered Medical Home (PCMH)

Pay for Performance (P4P)

Bundled Payments

By End Use

Payers

Providers

By Geography

North America

Europe

Asia Pacific

Middle East & Africa

Latin America

Contact Us: Company: Absolute Markets Insights Email id: sales@absolutemarketsinsights.com Phone: +91-740-024-2424 Contact Name: Shreyas Tanna Website: https://www.absolutemarketsinsights.com

[fostermarketarch]

World Leading Companies Involved In The Growing E-Health Market 2020 - 2025

The Global E-Health Market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020, and it is expected to reach US$ xx million by the year 2025, with an estimated CAGR of xx% during the forecast period (2020−2025). The e-health offers cost-effective healthcare delivery in both high and low-income countries. As a result, World Health Organization is urging member states to come up with a strategic plan for establishing digital health services or e-health services in the various domains of healthcare. This is acting as high impact rendering driver for the growth of this industry.

Key Insights:

Latest Updates

Analyst Views

Future Outlook of the Market

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Market Dynamics:

Growth in IoT and technological innovations, rising adaption of mobile technology and the internet, and increasing demand for population health management are factors which are propelling the market. Moreover, Lifestyle-associated disorders such as hypertension and diabetes are expected to increase over the forecast period leading to increase in demand for e-health services. Also, the increasing awareness among people about e-health and its rising acceptance among healthcare professionals, coupled with evidence of the efficiency of using this technology, will lead to substantial growth for this industry in the forecasted period.

Market Taxonomy:

By-Products and Services

E-Health SolutionsEHR/EMR Solutions Picture Archiving and Communication Systems & Vendor Neutral Archive Radiology Information Systems Laboratory Information Systems Cardiovascular Information Systems Pharmacy Information Systems Other Specialty Information Systems Telehealth Solutions E-Prescribing Solutions PHR & Patient Portals Clinical Decision Support Systems Health Information Exchange Solutions Chronic Care Management Apps Medical Apps

E-Health ServicesRemote Monitoring Services Diagnosis & Consultation Services Healthcare Systems Strengthening Services Treatment Services Database Management Services

By End-User

Healthcare ProvidersHospitals Ambulatory Care Centers Home Healthcare Agencies Nursing Homes Assisted Living Centers

Payers

Healthcare Consumers

Pharmacies

Other End Users

By Region

North America

Europe

Asia-Pacific

Latin America

Middle East and Africa

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Competitive Landscape:

The major player in the global e-health market include: Motion Computing Inc., Epocrates Inc., Telecare Corporation, McKinsey & Company, Medisafe, Set Point Medical, IBM, Proteus Digital Health, Doximity, Perfint Healthcare, Lift Labs, CliniOps, Evolent Health, Medtronic, and Epic Systems among others. The players are actively involved in launching technologically advanced products and initiate collaborative developments to sustain themselves in the competition. For instance, in January 2018, Allscripts Healthcare Solutions announced about its plan to acquire Practice Fusion. Practice Fusion provides an affordable certified cloud-based EHR for independent physician practices. Thus, Allscripts extended its analytics and big data insights, data sharing technologies, and clinical trial solutions and customer-base across the U.S.

FAQ's:

Note: This report provides an in-depth analysis of the global e-health market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

What are the trends adopted by key players in the global e-health market?

What key factors are expected to increase the demand for e-health market during the forecast period 2020-2025?

What are the major challenges inhibiting the growth of the global e-health market?

What is the total market value (US$ Mn) generated in the global e-health market by product and services in 2019, and what are the forecasts by 2025?

Which end-user is expected to propel the e-health market in the foreseen future?

What was the total revenue generated by the global e-health market across different regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?

Who are the key players contributing to the growth of the global e-health market, and what are the new strategies adopted by them to retain a market share in the industry?

What is the competitive strength of the key players in the global e-health market?

What are the new products which are going to be approved or launched in the upcoming years, which may have a huge impact on the market?

What insights have been derived through the analysis of key players on the following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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[jesse-pinkman123]

Big Data in Healthcare Market expected to value at USD 78.03 Billion by 2027 Says Coherent Market Insights

CMI published a business research report on “Big Data in Healthcare Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2021–2026”. Big Data in Healthcare with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.

Big Data in Healthcare Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Big Data in Healthcare Market offers complete, proficient report delivering market research data that is relevant for new market entrants or set up players. Key strategies of the companies operating in the market and their impact analysis have been included in the report.

Increasing digitalization in the healthcare sector is expected to boost growth of the big data in healthcare market over the forecast period. Digitization significantly transforms processes, services, functions, and product development in the healthcare industry. Moreover, increasing adoption of e-commerce in the sector has led to generation of high amount of data, referred to as 'big data'. This in turn increases demand for optimum utilization of this data for reducing costs, providing targeted products and services, and avoiding duplication of work. Big data solution can simplify and analyze complex and diverse data, a task that is otherwise challenging using conventional software and hardware. Moreover, trivial data management tools and methods are not viable in managing big data. Various tools such as Pentaho, Hadoop, Cloudera, and MongoDB are available in the market for this purpose that aid in data cleaning, mining, and analyzing of big data. Tableau, Silk, and Chartio are some of the data visualization tools that aid in convenient and readable presentation of data.

Get Your Sample Copy of the Big Data in Healthcare Market Report 2021

Healthcare companies can use big data to make strategic decisions in order to increase their revenue and profits. The global big data in healthcare market is segmented on the basis of application, analytics type, delivery model, and end users.

Big data analytics/solutions are used by pharmaceutical companies, payers, and experts to analyze and obtain insights about industry trends and accordingly make detailed and accurate projections about the market. Big data solutions can help various companies to make informed decisions to enhance their products or services.

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Lack of skilled workers to restrict growth of the market

The market has witnessed significant growth in developed economies such as the U.S. However, lack of trained professional for analyzing big data is expected to hinder growth of the market in North America. Moreover, decreasing profit margins, slowdown in the global economy, data fragmentation, security issues, and lack of standardization are also expected to hinder growth of the market. Players in the big data in healthcare market need to ensure compliance with regulations laid by the Health Insurance Portability and Accountability Act of 1996 (HIPAA). These factors are especially prevalent in developing economies of Asia Pacific and Latin America due to lack of effective healthcare infrastructure and inadequate supportive government regulations. Furthermore, high cost associated with implementation of expensive systems supporting big data solutions is expected to adversely impact the market growth. However, significant improvement in the IT infrastructure in developing economies is expected to increase adoption of big data in healthcare.

Fragmented Market

The market is home to various regional and global players. The regional players are focused on offering big data services at low costs, which creates a high entry barrier for global players that are aiming to enter in emerging markets. The market is highly fragmented, with various players offering services differentiated in terms of pricing and inclusions. Major players operating in the global big data in healthcare market include, Hewlett-Packard Co., Teradata Corporation, Opera Solutions, Cognizant Technology Solutions, Siemens Healthcare Gmbh, Mu Sigma, Splunk Inc., Cloudera, EMC, IBM, Calpont Corporation, and Oracle Corporation.

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Key Developments

Key players in the market are focused on partnering with various governments to launch big-data healthcare services. For instance, in August 2019, KT Corporation, a South Korea-based telecommunication provider, launched the Global Epidemic Prevention Platform (GEPP) in Ghana, in collaboration with the Ghana Health Service (GHS), a Ghanaian government body.

Major market players are also adopting acquisition strategies to expand their product portfolio. For instance, in June 2019, Cognizant announced to acquire Zenith Technologies, a privately-held life sciences manufacturing technology Services Company headquartered in Cork, Ireland.

Market players are adopting marketing strategies to increase their customer base. For instance, in March 2018, Siemens Healthineers presented its Digital Ecosystem Store at the Healthcare Information and Management Systems Society (HIMSS) 2018 held in Las Vegas, U.S. The store provides all digital offerings and allows users to search or request a quotation or trial and download offerings as part of specific subscription models.

Major Point Answered in Big Data in Healthcare Market Research Study are: –

•                    What will the market growth rate, Overview and Analysis by Type of Big Data in Healthcare market in 2026?

•                    What are the key factors driving, Analysis by Applications and Countries Big Data in Healthcare market?

•                    What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Big Data in Healthcare market?

•                    Who are Opportunities, Risk and Driving Force of Big Data in Healthcare market? Knows Upstream Raw Materials Sourcing and Downstream Buyers

•                    Who are the key vendors in Big Data in Healthcare market space? Business Overview by Type, Applications, Gross Margin and Market Share

•                    What are the Big Data in Healthcare market opportunities and threats faced by the vendors in the market?

Contact:

Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Email: sales@coherentmarketinsights.com United States of America: +1-206-701-6702 United Kingdom: +44-020-8133-4027 Japan: +050-5539-1737 India: +91-848-285-0837

[marketreports-world]

Global Mental Health Software and Devices Market - Forecast Till 2027

Global Mental Health Software and Devices Market Information; by Software (web based, and Standalone software) and devices), By Software Functionality (Clinical (electronic health records (EHRs), clinical decision support, Health Management, E-prescribing, Tele-health, and others), Administrative (information management, scheduling, workforce management, and others), Financial (accounting, revenue cycle management, business intelligence, and others) and others), By End User (providers, payers, and patients) - Forecast To 2027

Market Scenario:

Mental health software and devices is the application of information technology and advancements in devices technology for the diagnosis, and treatment of mental disorders. Major functional sections of the mental health software and devices include terminology and coding systems, analytics, electronic health record systems (EHRs), diagnostic systems, tele-psychiatry, telemedicine, and others.

Market Dynamics:

Drivers

The economic drivers of the market are growing demand for cost effective solutions, concerns over healthcare delivery cost, growing purchasing power of players.

The advantages of information management such as reduced manual intervention and concurrent elimination of errors, faster information collection, access and analysis, informed decision making results in improvements in performance and returns on investment. Real-time health monitoring and provision of population healthcare via telemedicine are other drivers of the market.

Growing incidence of mental disorders due to rising risks such as stress, old age population, sedentary lifestyles, substance abuse and others are the demographic drivers of the market. According to world health organization, proportion of the world's population over 60 years is expected to double from 12 % in 2015 to 22 % by 2050 which provides a sustainable and large unmet need which is easily comprehended.

The economic drivers of the market are pricing pressures on hospitals, growing adoption and affordability of devices, rapid development of wireless technology and integration, greater patient satisfaction, and growing healthcare infrastructure. The growing functionality of mental health software and devices systems is reflected by the plethora of function additions representing the dashboard of a financial company! The list includes but is not limited to clinical statistics, case cancellation rate, revenue cycle management, scheduling and others. The impetus provided by governments towards development of psychiatric care and a drive towards patient centric healthcare are regulatory drivers of the market.

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Restraints

High costs of installation and maintenance, concerns over information security and privacy, scarcity of trained manpower, digital divide, limited reimbursement for mental healthcare, are the restraints on the market.

Segments:

To generate a bird’s view of the global mental health software and devices market the report is divided by solution, deployment, end users and regions.

Based on component, the market has been segmented by software and devices. The software has been sub segmented into web based, and standalone software.

Based on functionality, the market has been segmented by clinical, administrative, financial and others. The clinical has been sub segmented into electronic health records (EHRs), clinical decision support, health management, E-prescribing, Tele-health, and others. The administrative has been sub segmented into information management, scheduling, workforce management, and others. The financial has been sub segmented into accounting, revenue cycle management, business intelligence, and others.

Based on end user, the market has been segmented by providers, payers, and patients.

Based on regions, the market has been segmented by North America, Europe, Asia Pacific, Middle East and Africa.

Future Market Trends:

Regional analysis:

North America accounts for the largest market share led by the U.S. due to the faster uptake of new technology, developed hospital infrastructure, awareness and others.

Europe led by Germany, France and the U.K. accounts for the second largest market. The implementation and framing of provisions of mental health in the constitution and administrative policies of state has resulted in adoption of population health by many regions. For example, in December, 2017, Texas healthcare department launched mHealth app to connect patients with psychiatrists.

Asia Pacific region is anticipated to grow at the fastest rate owing to large unmet needs especially of China and India. The Middle East & African region, is anticipated to generate moderate growth due to poor social and economic reasons especially in Africa and social stigma with the market skewed in favour of Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.

Prominent players:

The prominent players of the global mental health software and devices industry are Advanced Data Systems (US), McKesson Corporation (US), AdvancedMD (US), Compulink (US), Athena health (US), Core Solutions (US), Sigmund Software (US), IBM (US), Credible Behavioral Health (US), ICANotes (US), NextStep Solutions (US), InSync Healthcare Solutions (US), iSalus Healthcare (US), The Echo Group (US), Kareo (US), Cerner Corporation (US), Meditab Software (US), Mentegram (US), Mindlinc (US), Netsmart (US), Nextgen Healthcare (US), Nuesoft Technologies (US), Qualifacts (US), Raintree Systems (US), TheraNest (US), Valant (US), Welligent (US), and WRS Health (US). Allscripts (US), Orion Health (New Zealand) and others.

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Healthcare Analytics Market Analysis, Strategic Trends and Forecast to 2027

The research report "Global Healthcare Analytics Market By Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics), By Application (Population Health Analytics, Financial Management, Clinical Data Management, Operations Management, Others), By Component (Hardware, Software, and Services) By End-Use (Hospitals, Clinics, and Others), and Geography- Global/Region/Country Forecast to 2027", The Global Healthcare Analytics Market was valued at US$ 16758 Mn in the year 2020 and is anticipated to grow at US$ 94339 Mn till 2027 witnessing a CAGR of 28% over the forecast period 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on "Global Healthcare Analytics Market By Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics), By Application (Population Health Analytics, Financial Management, Clinical Data Management, Operations Management, Others), By Component (Hardware, Software, and Services) By End-Use (Hospitals, Clinics, and Others), and Geography- Global/Region/Country Forecast to 2027".

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Huge demand for Healthcare analytics tools from several healthcare industries will record huge market Growth

Healthcare analytics tools greatly aid in improving financial, clinical and operational performance of healthcare industries. Several innovative technologies are followed by healthcare industries since many days.  The advanced analytics has great significance in healthcare systems as they provide insights for managing business effectively. Healthcare analytics are the best solutions as they help in tracking the data from different healthcare areas like patient behavior data, cost and claims data and pharmaceutical data. Furthermore, analytics allow assessing the future requirements of the patient, which is helpful for both payer and provider. Therefore, a number of healthcare industries are now opting for healthcare analytics. For instance, electronic health records (EHR) provides patient data that includes prescriptions, history and personal details such as contact number, address, email, physicians comments and diagnostic test results. A dramatic change in healthcare organization will foster the market.

Healthcare expenditure is one of the crucial factors to drive the healthcare analytics market. Growing healthcare expenses and efficient hospital management greatly associates with quality of care. Here comes the role of healthcare analytics, which greatly help to reduce inefficiencies, reduce costs, evaluate potential healthcare needs as well as diagnostic tests and identify at-risk populations. The healthcare analytics market is hugely driven by need for huge data in healthcare industry, changing healthcare dynamics due to COVID-19, great pressure to provide quality care, focus on e-health collaborations and investments by venture industrialists. Furthermore, huge need to preventive and predictive analytics due to the great use of smart healthcare products will foster the market growth.

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Impact of COVID-19 Healthcare Analytics Market:

In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years. North America has expected to account for major revenue share in Global Healthcare Analytics Market

U.S Healthcare Analytics Market is projected to grow recoding considerable CAGR during the forecast years due to the factors such as adoption of sophisticated technologies and increase healthcare expenditure. Developed and developing regions both are huge markets for healthcare analytics. Lack of healthcare infrastructure in developing economies, skilled resources and data confidentiality are the leading challenges of the market.

Competition Analysis:

Key players have been analyzed using research methodologies to get complete view on global competition. Key Players operating in the Global Healthcare Analytics Market are Allscripts Health Solutions (U.S.), Cerner Corporation (U.S.), Health Catalyst (U.S.)., HP Development Company, L.P.(U.S.), Inovalon (U.S.), McKesson Corporation (U.S.),.Oracle Corporation (U.S.), Optum, Inc. (U.S.), Verisk Analytics (U.S.) and SAS Institute, Inc. (U.S.).                    

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