Population Health Management Market Heating Up
The already-active population health management market is about to heat up, according to a new report from the Framingham, Mass.-based IDC Health Insights.
The report looked at the population health management vendors and the market at large. The research company defined population health technology as the ability to identify populations at risk or predicted to be at future risk, the ability to create and monitor care plans, and the ability to communicate with communities of patients as well as with individual patients.
"While this is an emerging market, the population health management market vendors are stable with most having been acquired by larger vendors who recognized this as a high growth market, offering critical tools and processes to enable population health management," Cynthia Burghard, research director, Accountable Care IT Strategies, said in a statement.
Vendors like Covicint, eClinicalWorks, Explorys, Kryptiq, Lumeris, McKesson, Medecision, Optum, The Advisory Board Company, and Wellcentive are identified as players in this market in the report. IDC Health Insights says that many identified sales of 10-to-15 new clients in 2013, showing that this market is fairly active. However, authors note that because it still very much emerging, there are likely to be a few new entrants into this space.
According to the authors of the report, physician group practices represent the majority of clients in this market, with integrated delivery systems and payers representing a smaller share of the market. The authors expect to see advances in analytics and patient engagement strategies to bolster product offerings.
