Healthcare Quality Management Market Competitive Analysis 2016-2023 and Key Players – Altegra Health, Cerner Corporation, Citiustech , Dolbey Systems

Healthcare Quality Management Market is accounted for $1.62 billion in 2016 and expected to grow at a CAGR of 16.0% to reach $4.59 billion by 2023. The market is driven by increasing volume of unstructured data in the healthcare industry, need to curtail healthcare costs & medical errors, government mandates for healthcare providers to report quality and improve performance. However, high cost of quality reporting and data security concerns will hamper market growth. Further, dearth of skilled IT professionals and reluctance among medical professionals to adopt healthcare quality management software will pose threat to the industry. In addition, the market will observe few trends such as potentiality in emerging economies, introduction of HL7 QRDA-III STU R2.1 guidelines & ICD 10, Natural Language Processing (NLP) technique to revolutionize data abstraction.

For healthcare providers, analytics and insights make the difference in tomorrow’s clinical outcomes. The need to understand healthcare data and to draw insights and correlations from BI & Analytics continues to grow. With increasing data volumes, disparate data sources, and a lack of resources, reporting actionable insights from the hospital floor is presumed difficult but the healthcare sector has become a constant progressing sector. For example, Piedmont launched a collaborative initiative called Patient First to allow physicians to focus attention on one patient centered activity at a time. Also, a Late-Binding™ data warehouse provides not only faster time to value, but also the agility necessary to meet today’s healthcare analytics demands.

Major Key Players of the Healthcare Quality Management Market are:
Altegra Health, Cerner Corporation, Citiustech Inc., Dolbey Systems, Inc. , Enli Health Intelligence, McKesson Corporation, Medisolv, Inc., Nuance Communications, Inc., Premier, Inc., Quantros, Inc., Truven Health Analytics (A Subsidiary of IBM Watson Health) and Verscend Technologies.

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Data Processing & Analysis is attributed to the increasing volume of disparate data and the requirement of quality-based reports by regulatory bodies. Electronic Health Record (EHR) is important for data processing, communication, efficiency and effectiveness of patients’ information access, confidentiality, ethical and/or legal issues. Many countries have been complaining for incompleteness, inappropriateness and illegibility of records. Therefore creating awareness on the magnitude of the problem has paramount importance. In many cases, the elderly population suffers from multiple chronic conditions simultaneously. Such socio-demographic and epidemiologic challenges place increasing pressure on the health sector, calling for better prevention and more effective management of chronic diseases.

Based on End users, some of the often mentioned trends have been accountable care organizations (ACOs), the formation of large hospital health systems, and the continuation of private insurance coverage by self-funded employers. However, the marketplace had undergone many subtle changes that began before the ACA, which only accelerated after its passage. As an example, Memorial Hermann Physician Network and Blue Cross Blue Shield of Texas are developing an ACO for 100,000 patients. Memorial Hermann Health System is hedging its bets, because it also has an ACO relationship with Aetna and a medical home model with Humana. The trends that will increasingly impact multiple healthcare stakeholders over the next few years include: revenue-driving consolidation, specialty drug use driving the cost of care and information technology innovations driving interstakeholder communications etc,.

Major Types of Healthcare Quality Management covered are:
-Physician Quality Reporting Solutions
-Business Intelligence and Analytics
-Provider Performance Improvement Solutions
-Clinical Risk Management Solutions

Major Applications of Healthcare Quality Management covered are:
-Risk Management
-Data Management
-Data Processing & Analysis
-Unstructured Data Abstraction
-Report Generation
-Report Submission

End Users Covered:
-Hospitals
-Ambulatory Care Centers
-Payers
-Accountable Care Organizations (ACOs)
-Other End Users

Research objectives:-
– To study and analyze the global Healthcare Quality Management consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Healthcare Quality Management market by identifying its various sub-segments.
– Focuses on the key global Healthcare Quality Management manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Healthcare Quality Management with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Healthcare Quality Management Market Size
2.2 Healthcare Quality Management Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Healthcare Quality Management Market Size by Manufacturers
3.2 Healthcare Quality Management Key Players Head office and Area Served
3.3 Key Players Healthcare Quality Management Product/Solution/Service
3.4 Date of Enter into Healthcare Quality Management Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Healthcare Quality Management Sales by Product
4.2 Global Healthcare Quality Management Revenue by Product
4.3 Healthcare Quality Management Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Healthcare Quality Management Breakdown Data by End User

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In the end, Healthcare Quality Management industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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Posted by on Wednesday October 30 2019, 2:01 AM EDT. All trademarks acknowledged. Filed under Healthcare, Life Sciences, Pharmaceuticals. Comments and Trackbacks closed. Follow responses: RSS 2.0

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