The rise of big data
has a bought a paradigm shift in medical technology. Patient-centric care and
the rising need to cover medical expenses is integrating and enabling the
growth of global care management solutions. Care management solutions helps
healthcare providers to help in better decision making. Payers, government
bodies, employer groups mostly use care management solutions to address further
needs.
Usually, care
management solution follows an operational process. It initially accesses
patient’s data to assess their healthcare requirement. The software then
suggests healthcare plans and displays various coordinators instantly so that
different wings can operate seamlessly. Some are even converged with transplant
networks or healthcare organizations. Therefore, care management solutions
provide holistic view of healthcare scenarios by which tracking down status(es)
is an easy job due to patient-centric approach.
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The major driving
factors for global care management solution market are summed as initiatives to
promote patient-centric care, shifting the burden of risk from healthcare
payers to providers, rising geriatric population suffering from chronic
diseases, urge to reduce healthcare costs, rise in medical tourism and
developed IT infrastructure. However, internet connectivity issues in remote
areas are a major hurdle for companies in care management solution.
Care management
solutions work greatly where chronic diseases need to be served massively. With
world-wide spread of chronic diseases like cancer, diabetes, stroke,
cardiovascular disease and respiratory disease, care management solution is an
effective alternative. Hence, there are lucrative opportunities for care
management in chronic disease market.
On the basis of
component, the global care management solution market is segmented into
software and services. The services sector is bifurcated into consulting
services, implementation services, training and education services, post-sale
and maintenance services.
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