Population Health Management Technology Evolving To Embrace More Risks

In prior years, one of the driving assumptions behind population health management technology was that it was important to focus on high-risk patients. The idea has been that fending off costly emergencies among these patients was the best way to control costs. But if one market research report is on target, the practice of PHM may be evolving. According to a new study by analyst firm Frost & Sullivan, as a part of delivering value-based care, providers are deploying PHM applications addressing a far-broader range of constituencies, including not only evidence-based approaches to managing high-risk and at-risk populations, but also non-patient groups such as consumers, employees and physicians. As PHM solutions grow more sophisticated, demand for such technologies is apparently increasing. Frost found that the US PHM market, which is valued at $3.1 billion this year, should hit $7.74 billion by 2022, a 149.6% jump in revenues. My assumption is that this will include a flood of new products that will offer new takes on PHM technology. According to industry analyst Koustav Chatterjee, PHM vendors are using machine learning to do predictive disease modeling and deploying automated risk stratification to identify subgroups that can benefit from precisely-designed interventions. I imagine we’re talking about both pre-set and customizable filters here. To achieve wider adoption of PHM solution, however, vendors will need to address data privacy concerns, Chatterjee said. That...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Analytics/Big Data C-Suite Leadership EHR Electronic Health Record Electronic Medical Record EMR Healthcare Healthcare AI Healthcare Analytics HealthCare IT Population Health Population Health Management Topic Frost & Sullivan Source Type: blogs