U.S. Population Health Management Market Size, Share & Trends Analysis Report By Product (Software, Services), By End Use (Providers, Payers, Employers Group), And Segment Forecasts, 2021 - 2028

U.S. Population Health Management Market Growth & Trends

The U.S. population health management market size is expected to reach USD 76.6 billion in 2028, registering a CAGR of 20.8% over the forecast period, according to a new report by Grand View Research, Inc. Increase in healthcare expenditure, need for value-based healthcare delivery, and effective disease management across different care settings are among the key factors expected to drive the market during the forecast period.

In the U.S., poor healthcare management results in the loss of productivity and a significant portion of healthcare costs. Adoption of PHM software by employers helps in the management of their healthcare budget as they can keep a track of the employees’ health status. The market is likely to witness rapid growth in the coming years due to the growing demand for healthcare IT services and solutions that encourage healthcare delivery reliant on value, resulting in a transition from Fee-For-Service to a value-based payment model.

Population health management is built on a Fee For Service (FFS) reimbursement method, wherein physicians and other healthcare providers are reimbursed by government agencies and insurance companies on basis of the number of services offered to patients. The new payment model allows reimbursement based on the quality of care delivered and provides comprehensive tools to handle financial and clinical risk for value-based care delivery.

The COVID-19 pandemic has changed the outlook of healthcare in the U.S. with the advanced use of web-based technology in healthcare. Healthcare providers are increasingly investing in PHM software to offer better outcomes. PHM can also be used for tracking the vital signs of patients discharged from hospitals, which can then be analyzed to offer meaningful insights into a patient’s health. The lockdown has disrupted the existing system and PHM systems are the current need to manage the patient population.

U.S. Population Health Management Market Report Highlights

• An increase in healthcare expenditure, the need for value-based healthcare delivery, and effective disease management across different care settings is expected to drive the market
• The services segment dominated the global market in 2020, while the software segment is likely to register the fastest CAGR over the forecast period
• The market is now shifting to a value-based payment model. The value-based contracts are expected to grow substantially in the coming years
• For example, the Centers for Medicare & Medicaid Services (CMS) has a goal of 50% of Medicare payments being attached to alternative payment models
• Healthcare payers, such as private payers, government, and employers, are expected to reduce healthcare spending and focus on improved payment models due to the impact of the COVID-19 pandemic
• Healthcare providers held a majority of the market share in 2020 as PHM gives providers the flexibility to manage complex clinical data and assist in generating real-time insights
• These functionalities and advantages offered by PHM are responsible for its increased adoption by healthcare providers

Profiled Companies

Allscripts Healthcare, LLC
Cerner Corporation
Conifer Health Solutions, LLC
eClinicalWorks
Enli Health Intelligence
McKesson Corporation
Medecision
Optum, Inc.
Advisory Board
Koninklijke Philips N.V.
athenahealth, Inc.
RedBrick Health Corporation
Welltok

Please note The report will be delivered in 2-3 business days upon order notification.