Healthcare Quality Management - Global Market Outlook (2017-2023)
According Stratistics MRC, the Global Healthcare Quality Management Market is accounted for $1.62 billion in 2016 and expected tgrow at a CAGR of 16.0% treach $4.59 billion by 2023. The market is driven by increasing volume of unstructured data in the healthcare industry, need tcurtail healthcare costs & medical errors, government mandates for healthcare providers treport quality and improve performance. However, high cost of quality reporting and data security concerns will hamper market growth. Further, dearth of skilled IT professionals and reluctance among medical professionals tadopt healthcare quality management software will pose threat tthe industry. In addition, the market will observe few trends such as potentiality in emerging economies, introduction of HL7 QRDA-III STU R2.1 guidelines & ICD 10, Natural Language Processing (NLP) technique trevolutionize data abstraction.
For healthcare providers, analytics and insights make the difference in tomorrow’s clinical outcomes. The need tunderstand healthcare data and tdraw insights and correlations from BI & Analytics continues tgrow. With increasing data volumes, disparate data sources, and a lack of resources, reporting actionable insights from the hospital floor is presumed difficult but the healthcare sector has become a constant progressing sector. For example, Piedmont launched a collaborative initiative called Patient First tallow physicians tfocus attention on one patient centered activity at a time. Also, a Late-Binding™ data warehouse provides not only faster time tvalue, but alsthe agility necessary tmeet today’s healthcare analytics demands.
Data Processing & Analysis is attributed tthe increasing volume of disparate data and the requirement of quality-based reports by regulatory bodies. Electronic Health Record (EHR) is important for data processing, communication, efficiency and effectiveness of patients’ information access, confidentiality, ethical and/or legal issues. Many countries have been complaining for incompleteness, inappropriateness and illegibility of records. Therefore creating awareness on the magnitude of the problem has paramount importance. In many cases, the elderly population suffers from multiple chronic conditions simultaneously. Such socio-demographic and epidemiologic challenges place increasing pressure on the health sector, calling for better prevention and more effective management of chronic diseases.
Based on End users, some of the often mentioned trends have been accountable care organizations (ACOs), the formation of large hospital health systems, and the continuation of private insurance coverage by self-funded employers. However, the marketplace had undergone many subtle changes that began before the ACA, which only accelerated after its passage. As an example, Memorial Hermann Physician Network and Blue Cross Blue Shield of Texas are developing an ACO for 100,000 patients. Memorial Hermann Health System is hedging its bets, because it alshas an ACO relationship with Aetna and a medical home model with Humana. The trends that will increasingly impact multiple healthcare stakeholders over the next few years include: revenue-driving consolidation, specialty drug use driving the cost of care and information technology innovations driving interstakeholder communications etc,.
Some of the key players in global Healthcare Quality Management market are Altegra Health, Cerner Corporation, Citiustech Inc., Dolbey Systems, Inc. , Enli Health Intelligence, McKesson Corporation, Medisolv, Inc., Nuance Communications, Inc., Premier, Inc., Quantros, Inc., Truven Health Analytics (A Subsidiary of IBM Watson Health) and Verscend Technologies.
Delivery Modes Covered:
• Web & Cloud Based Solutions
• On-Premise Solutions
• Physician Quality Reporting Solutions
• Business Intelligence and Analytics
• Provider Performance Improvement Solutions
• Clinical Risk Management Solutions
• Risk Management
• Data Management
Data Processing & Analysis
Unstructured Data Abstraction
End Users Covered:
• Ambulatory Care Centers
• Accountable Care Organizations (ACOs)
• Other End Users
• North America
Rest of Europe
• Asia Pacific
Rest of Asia Pacific
• South America
Rest of South America
• Middle East & Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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