Population Health Management Market Size was recorded at USD 26.54 billion in 2023, which is estimated to be at USD 29.61 billion in 2024 and projected to reach USD 70.87 billion by 2031, growing at a CAGR of 13.28%.

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Kings Research Recognizes the following companies as the Key Players: Oracle, Altera Digital Health, Inc., Beladim LLC, Medication, Persistent Systems, Conifer Health Solutions LLC, Athenahealth, , Electronic Clinical Works, IBM Corporation, McKesson Corporation

Regional Analysis:

Most of the existing market players are concentrated in the Americas due to the established market and high healthcare costs. According to the Centers for Medicare and Medicaid Services, healthcare costs in the United States increased by 5.8% to reach USD 3.2 trillion in 2015, and healthcare in Canada in particular was pressured by demographic developments.

The expansion of insurance coverage due to the US healthcare reform (Affordable Care Act of 2010) also contributed to the expansion of healthcare costs. Regulatory changes in the United States, such as the Affordable Care Act, implementation of the Hospital Readmissions Reduction Program, and Medicare's efforts to penalize unnecessary patient readmissions, will strengthen the United States' position.

Key Industry Developments:

April 2024 (Launch): McKesson Corporation launched Project Oasis, an initiative to advance health equity for at-risk populations in underserved communities. Led by McKesson's Global Impact Organization, the project addresses pharmacy deserts, focusing on urban areas where access to essential pharmacy services is significantly challenged.

March 2024 (Launch): Altera Digital Health unveiled Paragon Denali, a cloud-native electronic health record (EHR) system designed for rural, critical access, and community hospitals. Built on Microsoft Azure, this EHR will deliver advanced cloud capabilities and containerized services to enhance healthcare organization operations.

List of Key Companies in Population Health Management Market

• Oracle
• Altera Digital Health Inc.
• Veradigm LLC
• Medecision
• Persistent Systems
• Conifer Health Solutions, LLC
• athenahealth
• eClinicalWorks
• IBM Corporation
• MCKESSON CORPORATION

Other factors driving market expansion include digitization and computerization of data, increasing processing power and system interconnectivity, and the need for value-based care delivery.

Despite these key drivers, technical issues such as diverse file formats and data sources, regulatory constraints, and security concerns such as data security and privacy are expected to hinder the market expansion.

Technological advances:

Innovations in health technology, such as electronic health records (EHRs), health information exchanges (HIEs), and big data analytics, are key enablers of PHM. These technologies facilitate the collection, analysis, and sharing of health data that is essential to identify at-risk populations and tailor interventions. 

Policy and regulatory support:

Governments and healthcare organizations around the world are increasingly recognizing the importance of PHM. Regulatory frameworks and policies are being developed to support the implementation of PHM programs that aim to improve population health and reduce healthcare costs.

Focus on preventive care:

Preventive care is a cornerstone of PHM. A focus on prevention helps healthcare providers reduce the onset of chronic diseases and more effectively manage existing conditions. This approach not only improves patient outcomes, but also helps contain healthcare costs.

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