Global Care Management Solutions Market 2021 is expected to register a CAGR of 17.2%, during forecast period with Impact of Covid 19 Analysis

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Global “Care Management Solutions Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Care Management Solutions in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Care Management Solutions Market report categorizes the market based on manufacturers, regions, type, and application. Care Management Solutions Market reports offer a detailed assessment of the Care Management Solutions including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Care Management Solutions market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The Global Care Management Solutions Market is expected to register a CAGR of nearly 17.2% during 2018-2023 (the forecast period). Care Management Solutions refers to solutions that are used to coordinate patient care with long-term care needs to better manage their conditions with care interventions.

Care Management Solutions Offer A Means To Reduce Healthcare Costs

The establishment of Centers for Medicare and Medicaid Services (CMS) in 2015, was to provide in-between doctor visits for patients with two or more chronic conditions. After implementation of the policy around 684,000 beneficiaries received Chronic Care Management (CCM) services in first two years. Under billing code 99490, the CMS makes separate payment for chronic care management services at least 20 minutes of clinical staff time. The new policy lowered the emergency hospital visits and nursing home costs and saved USD 95 per beneficiary per month (PBPM) in patients who received only one month of CCM. To recognize the costs of providing services to Medicare and dual-eligible patients managing multiple chronic conditions, Medicare adopted three additional codes that recognize additional costs, including those related to more complex medical management beginning. In January 1, 2017, the Medicare recognized the cost of providing services to patients with multiple chronic conditions and adopted new codes to recognize additional costs related to more complex medical management. The care management centralized approach and integrated care for patients improves quality of life by preventing complications with early intervention of care. This results in reduction in healthcare costs and lowers burden on health care payers and providers, thus acting as a major driving factor for the care management solutions market. Other factors which are driving the Care Management Solutions Market growth are rising geriatric population and burden of chronic diseases, implementation of initiatives to shift the burden of risk from healthcare payers to providers, and government initiatives to promote patient-centric care.

High Investments Required For Supporting Infrastructure

Care management is necessary for chronic conditions. Individuals with multiple chronic conditions need ongoing medical attention to lower the hospitalization and health deterioration. Healthcare providers should streamline and automate their processes, with IT and data governance to express concerns. All the systems should be integrated to increase patient experience. Investment is required to deploy a comprehensive data integration solution, that can be used for health information exchange and develop insights with help of analytics to identify the patients with risk to provide early treatment. Technology alone is not sufficient to drive patient care but necessary to facilitate care management. Most care management organizations reside in entities outside the health system, and it requires initial investment costs in new technology and human resources. Also the return on investment for delivering good care will take many years. All the above may restrain the growth of the care management solutions market in the forecast period. Other factors which are restraining the Care Management Solutions Market growth are data security concerns related to cloud-based solutions, and reluctance of providers to adopt care management solutions.

The US Lead the Market in North America Region

Care management involves utilization management, case management, disease management, absence management, nursing, and advocacy services. Individuals with chronic disease conditions account for majority of healthcare expenditures. Disease management reduces the inpatient and outpatient costs and state Medicaid spending. It is estimated that around USD 1.5 million was saved for State Medicaid because of reduced re-admissions in first 12 months of care management program. The CHRONIC Care Act February 2018, encourages use of flexible new tools (telehealth) to better manage care for individuals. As per CMS 2015 to 2016 data the Chronic Care Management (CCM) benefited patients, providers, and payers. Patients save approximately USD 200 per year and Payers average saving is USD 888 per member per year. In United States the individuals with care management had lower inpatient hospital, emergency department, and nursing facility costs because of reduced hospital admission rates.

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The global Care Management Solutions market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Care Management Solutions Market Report covers the Top Key-players in 2021:-

  • Allscripts Healthcare Solutions
  • Axispoint Health
  • EPIC Corporation Inc
  • Exl Healthcare
  • Healthsmart Holdings
  • Inc
  • I2I Systems
  • Inc
  • Medecision Inc.
  • Phytel
  • Inc.
  • Trizetto Corporation
  • and Zeomega Inc. among others.

Highlighted points of Care Management Solutions Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Care Management Solutions Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Care Management Solutions? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Care Management Solutions Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Care Management Solutions Market? What Was Capacity, Production Value, Cost and PROFIT of Care Management Solutions Market?
  • What Is Current Market Status of Care Management Solutions Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Care Management Solutions Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Care Management Solutions Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Care Management Solutions Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Care Management Solutions Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Care Management Solutions Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Care Management Solutions Industry?

Key Developments in the Care Management Solutions Market: in the Care Management Solutions Market
May 2018: Allscripts signed a definitive agreement to acquire HealthGrid Holding Company, a mobile enterprise patient engagement platform business.

Reasons to Purchase the Report

  • Current and future Global Care Management Solutions Market outlook in the developed and emerging markets
  • Analysis of various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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    Finally, the report Global Care Management Solutions Market 2021 describes the Care Management Solutions industry expansion game plan, the Care Management Solutions industry knowledge supply, appendix, analysis findings, and the conclusion.

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