Increasing Need to Manage Healthcare Costs Has Propelled the Growth of the U.S. Population Health Management Solutions Market in California!

One of the key drivers of the population health management solutions market in California is the increasing need to manage healthcare costs. The cost of healthcare in California is among the highest in the country, and population health management solutions are seen as a way to reduce healthcare costs by improving patient outcomes and managing chronic diseases. The increasing cost of healthcare is putting pressure on healthcare providers and payers to find ways to reduce costs and improve patient outcomes. Population health management solutions are seen as a way to achieve these goals. By using data and analytics to identify high-risk patients and manage chronic diseases, population health management solutions can help to reduce the overall cost of healthcare. For example, population health management solutions can help to reduce hospital readmissions, which are a significant source of healthcare costs. According to a report by the California Health Care Foundation, hospital readmissions in California cost an estimated $11.2 billion in 2017. By reducing readmissions, population health management solutions can help to save billions of dollars in healthcare costs each year.

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Another key driver of the population health management solutions market in California is the aging population. As the population ages, the demand for population health management solutions is expected to increase, as older adults are more likely to have chronic diseases and require ongoing care. The population health management solutions market in California is highly competitive, with a large number of players offering a range of solutions.

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Based on platform, the market is bifurcated into cloud-based and on-premises. Amongst these, the cloud-based segment is expected to have a major share of the population health management solutions market in the U.S. during the forecast period. Cloud-based solutions offer several advantages over on-premises solutions, including lower upfront costs, scalability, and easier maintenance. Cloud-based solutions can be easily scaled up or down based on the needs of the user, and the provider is responsible for maintaining the infrastructure, which can save healthcare providers time and resources. Cloud-based solutions offer greater flexibility and accessibility, as they can be accessed from anywhere with an internet connection. This can be particularly important for rural and remote areas where access to healthcare providers may be limited.

Based on end-use, the market is segmented into providers, payers, and employer groups. Among these, payers are expected to have a major share of the population health management solutions market in the U.S. during the forecast period. Payers segment will have a major share of the market during the forecast period. Payers, such as health insurance companies and government agencies, play a critical role in population health management as they are responsible for funding healthcare services. Payers are interested in population health management solutions that can help to reduce healthcare costs, improve patient outcomes, and increase access to care.

U.S. Population Health Management Solutions Market Segmentation

Market Insight, by Platform

• Cloud-based
• On-Premises

Market Insight, by End-Use

• Providers
• Payers
• Employer Groups

Market Insight, by States

• California
• New York
• Florida
• Washington
• Texas
• Rest of US

Top Company Profiles

• Allscripts Healthcare
• Cerner Corp.
• Conifer Health Solutions, LLC
• EClinicalWorks
• Enli Health Intelligence
• McKesson Corp.
• Medecision
• Optum, Inc.
• Advisory Board
• Koninklijke Philips N.V.