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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