Population Health Management Platforms Market
Population Health Management Platforms Market Drivers
Continued pressure to reduce costs, improving overall quality and implementing value-based payment programs are a few drivers for the population health management platforms market. Government initiatives like the Patient Protection and Affordable Care Act( ACA) provide incentives for quality & safety and also better care coordination. In addition to government regulation, a dramatic increase in ailments like diabetes, hypertension, and stress is making people more conscious of their health than ever before. These patients will demand better care than what they currently receive and they might want to access their medical data in one location. All these factors will be responsible for increasing the size of the population health management platforms market.
Population Health Management Platforms Market Restraints
There are several challenges in the population health management platforms market. One is a disjointed workflow with the electronic health record( EHR). Barring the large EHR vendors, PHM solutions function as separate modules today, and they require an additional sign-on for a completely different UI. This causes a broken workflow and impedes training and adoption in a healthcare organisation. The second problem is a lack of data standardisation. Data stored across different health systems is often unstandardized and vocabulary, calculations, formulae may be differing. The same data might even mean something entirely different sometimes. The third constraint is restrictive regulations. Despite many governmental mandates to free health data, the ownership of it is still ambiguous. IT vendors, healthcare
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